TORONTO, Feb. 6, 2012 /CNW/ - Open Access Limited is pleased to announce the appointment of Zev Frishman as Senior Vice President of Investment Management.
"Currently only the wealthy or those fortunate to have a defined benefit plan have access to a professionally managed portfolio," states Mr. Frishman. "What's right for the CPP, the wealthy and DB pension plans such as Teachers' should be what's right for all Canadians."
With 18 years at the Ontario Teachers' Pension Plan, where he was Vice President of Global Equity Strategies since 2002, Mr. Frishman holds a deep understanding of the retirement investment landscape. Throughout his 30 years in investment management, Mr. Frishman has been involved in all aspects of fund management from the development of policies, determining of strategic and tactical asset mixes, risk management, the selection of external managers, as well as internal management of global equity and overlay (derivative) portfolios.
Given his experience, it comes as no surprise that Frishman believes "A significant reason for my decision to join Open Access is the fact that they are the only firm to offer a retirement savings solution based on two principles: discretionary asset management for all Canadians from an institutionally priced, conflict free fiduciary."
At Teachers' Frishman played a key role in helping develop the first in-house asset-liability model and initial portfolio guidelines for investments, and in 2010 he received both the Benefits Canada award for outstanding achievement and was recognized as one of Canada's "Top 25 Most Influential Plan Sponsors."
"We are fortunate to have such an experienced investment manager who can apply his years of expertise at Teachers' to our goal of ensuring all Canadians retire well," says Catherine Marsh, President and CEO of Open Access. "Zev's arrival allows us to accelerate our mandate to provide discretionary asset management to all working Canadians."
Open Access Limited is Canada's first DC/CAP fiduciary provider. We believe that all working Canadians deserve to retire well, not just the privileged. With assets under administration in excess of $200 million, we proudly serve as the discretionary investment manager for our 14,683 plan members. https://www.openaccessltd.com
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