CANADA - Man Investments has opened a Canadian subsidiary specialising in alternative investment products for institutional investors and private clients.
The London-based firm has launched over 450 investment vehicles in several countries and as of March 2006, managed around US$ 49.9bn worth of assets.
The Canadian operations will be led by CEO Toreigh Stuart who will build a broad range of investment products. The subsidiary will take off with six professionals on board.
The group is set to cover all of Canada with a senior executive based in British Columbia to assist with the west coast.
Two senior executives of the firm, John M Kelly and Richard C Ewan will also have a hand in the new venture. Kelly, who has been with Man Investment for 20 years, will serve as chairman.
As of 1 January 2007, Ewan will be taking up the post of director of product development.
“Canada is a sophisticated market with high potential for the alternative investment industry,” said Kelly.
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