Downtown Calgary with River skyline`

Mawer Investment Management Ltd. has concluded its strategic evaluation process and will remain independent, the Calgary-based investment firm announced Friday.

The firm had recently engaged an external advisor to gather more information around alternative ownership options for the firm and the potential benefits and opportunities those could bring for its clients, employees and owners, the company says in a news release.

“While we appreciate the external interest in the firm, the process reconfirmed our long-standing belief that Mawer’s high-performing team and culture, investment approach, and client-centric focus is best sustained by continuing our independent ownership model started over 40 years ago,” says Michael Mezei, president, in a statement.

“We know that our clients have a choice in investment managers and we are committed to continually earning the considerable trust they have placed in us,” Mezei says.

The firm manages in excess of $50 billion across all major asset classes.