(October 20 – 15: 15 ET) –
First International Asset
Management Inc. has entered
into an agreement to acquire a
50.01% equity interest in
Foyston, Gordon & Payne Inc.
The transaction is subject to
regulatory approval.
Established in 1980, FGP is an
investment counselling firm that
manages investment portfolios for
pension funds, foundations,
corporate clients and individuals.
The Company currently manages
assets of approximately $2
billion.
First Asset has completed four
acquisitions to date including;
49% of Beutel, Goodman &
Company Ltd., a leading
investment counselling firm in
Canada; 100% of Triax Capital
Holdings Ltd., Canada’s leading
structured product company; 60% of
Money Concepts (Canada) Ltd.,
a leading financial planning firm;
100% of Northwest Mutual Funds
Inc., an EVA-based
mutual fund company; and Quebec
based financial planner Groupe
Financier Concorde.
-IE Staff
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