CANADA - bfinance has opened an office in Toronto, under the leadership of Peter Wright.
bfinance, which specialises in the search and evaluation of investment managers for Canadian and European institutional investors, opened its first Canadian office in 2005 in Montreal.
In the last year bfinance has conducted 80 searches representing assets under management of C$18bn (US$19.7bn) of which C$3bn was for Canadian clients.
Peter Wright, who is leading the office, has previously worked for YMG Capital, Flemings, Merrill Lynch, Bankers Trust International and CIBC.
Marc Godin, bfinance's managing director for Canada, said: "Canadian institutional investors are among the most sophisticated in the world. Wright’s knowledge of the needs of these institutional investors in Ontario is a great addition to our team."
David Vafai, chief executive of bfinance International, added: "bfinance is committed to becoming the leading international manager search consultant in Canada where over 70% of manager searches by large Canadian plan sponsors are conducted with the assistance of a consultant.”
bfinance's Canadian pension plan clients include Torstar Corporation, Concordia University, as well as Desjardins Pension Plan.
bfinance also has offices in London, Montreal, Munich, Paris and Toronto.
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