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High-profile mutual fund manager Norm Lamarche is leaving LOGiQ Asset Management Inc. to set up his own shop.

Toronto-based asset-manager LOGiQ announced that Lamarche, who is currently senior portfolio manager with the firm, will be setting out on his own on Sept. 30, “to create a new boutique investment firm.”

After leaving the firm, Lamarche will enter a subadvisory agreement with LOGiQ that will see him continue to act as the portfolio manager for several funds, including the LOGiQ Growth Class, LOGiQ Growth Fund, and LOGiQ Special Opportunities Class.

“Norm is a veteran in the Canadian securities industry and a thought leader in the resources sector,” says Joe Canavan, president and CEO of LOGiQ, in a statement. “We are pleased that he will continue to provide portfolio management services for LOGiQ’s retail clients and we look forward to continue working with him into the future.”

Earlier this month, Lamarche’s long-time colleague and fellow fund manager, Frank Mersch, also announced that he was leaving LOGiQ to join Jemekk Capital Management Inc., which was spun off after the creation of LOGiQ following the merger between Aston Hill Financial Inc. and Front Street Capital 2004, the latter of which was started by Mersch and Lamarche. Mersch also continues to manage funds for LOGiQ in a subadvisory relationship.

Read: Frank Mersch to join Jemekk Capital

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