Crocus Investment Fund’s seven-month trading halt has become permanent, and some industry observers fear the fallout from the failure of the embattled labour-sponsored fund will be felt by the entire industry. Van Hall, the Winnipeg-based fund’s new chairman, says Crocus has concluded that the damage inflicted over the past six months to the fund’s reputation, […]
Already the most dominant insurance player in Canada, Great-West Lifeco Inc. has taken the first step in becoming an international powerhouse with a new acquisition in Britain. The Winnipeg-based behemoth’s Canada Life Ltd. subsidiary in Britain has purchased the payout annuity business of Phoenix and London Assurance Ltd., a division of the Resolution Life Group. […]
The deck chairs have been rearranged on the good ship IGM Financial Inc. and the three executives leading the Winnipeg-based juggernaut say it is full steam ahead. After four years at the helm, Jeff Orr has moved up to the role of president and CEO at Power Financial Corp., the Montreal-based majority owner of IGM, […]
Kevin McFadden’s business partner is probably the only mortgage professional in Canada whose mere presence causes an autograph frenzy. McFadden, a benefits consultant with Sigurdson McFadden & Associates Ltd. in Winnipeg, is a co-owner with former Toronto Maple Leafs captain Doug Gilmour in MonsterMortgage.ca. The Toronto-based company offers mortgage brokerage services to homebuyers, both on […]
As planners move into the latter stages of their careers, most firms offer succession planning support
Low-price strategies have to be matched by a corresponding low-cost structure
It was fitting that banners displaying the theme of this year’s Juno Awards — “the flatter the land, the harder the rock” — were still up around Winnipeg when the bands in the inaugural “Winnstock” took to the stage April 14. Inspired by Baystock, Toronto’s financial services industry’s battle of the bands, Winnstock featured four […]
Directors of the now-halted Crocus Investment Fund are accused of permitting sales and redemptions of units for more than three weeks after they had been informed that a significant devaluation to the fund’s entire portfolio was imminent. The Manitoba Securities Commission, in an April 6 statement of allegations, claims the board received word from senior […]
Winnipeg advisor found that cold-call route wasn’t the way to go when he was forced to start his business over in his hometown
As a native winnipegger, i’ve always been proud of my city’s spirit, philanthropy, volunteerism and unwavering belief that the NHL Jets will eventually return. But there’s one thing I’ve never understood — why do we go so completely crazy for new stores? The euphoria with which we greet the new players on the city’s retail […]