Tensions between China and the United States are heating up as the Trump administration proposed a 10 per cent tariff on $200 billion worth of Chinese goods last week. The U.S. is hitting China where it hurts, according to an economic insight report from Benjamin Tal, deputy chief economist of CIBC World Markets Inc., and Katherine […]
Investec Asset Management Ltd. has appointed Katherine Tweedie country head for Canada. In the new role, Tweedie will be responsible for developing the firm’s strategic partnerships with institutional investors in Canada. “I believe Investec Asset Management’s global suite of investment solutions and unique emerging market heritage provide a strong platform to build long-term partnerships with […]
The venture capital investment arm of the Ontario Municipal Employees’ Retirement System has successfully closed its third venture capital fund, with $300 million in commitments. The OMERS pension plan participated in the third fund alongside co-investors BMO Financial Group, CIBC, National Bank of Canada, Sun Life Financial, TD Securities and the Wafra Group. OMERS Ventures now […]
In its report on employer pension plans in Canada published earlier this month, Statistics Canada noted the overwhelming majority of plan members are in trusteed arrangements. Of the 6.2 million members of employer-sponsored pension plans, 5.2 million are in arrangements managed by trusteed funds. But when it comes to just the defined contribution side of […]
Many Canadian financial services organizations do well in disclosing their direct carbon emissions, according to the 2016 rankings from ET Index Research. Manulife ranked 59th and the Canadian Imperial Bank of Commerce ranked 62nd on the global list. Both companies disclose complete direct emissions – last year, Manulife directly emitted 1750,000 tonnes of carbon dioxide and CIBC emitted 69,000 tonnes. […]
RBC Investor and Treasury Services has appointed David Linds as managing director and head of asset servicing Canada. Based in Toronto, Linds will be responsible for sales and client coverage activities. He will report to James Rausch, head of Canadian client coverage. Most recently, Linds worked as senior vice-president, business development and relationship management at […]
The Ontario government has established the Investment Management Corp. of Ontario in an effort to improve the management of public sector pensions and other investment funds. The new corporation will provide investment management and advice to organizations in the province’s public service, allowing them to pool assets with a view to reducing administrative costs and […]
It’s been seven years since the recession, but we have yet to see a significant global turnaround. “Through the next 12 months, we’re thinking the global economy will grow by about 3%, compared to the previous norm of 4% to 4.5% real growth,” says Luc de la Durantaye, first vice president of global asset allocation […]
London Stock Exchange Group's plan to sell Russell Investments to China's CITIC Securities may collapse, reports Bloomberg News.
Here's a look at the people on the move in May 2015.