PEOPLE Scotia debuts suite of low-carbon funds
Scotia Global Asset Management has launched a suite of three Scotia Low Carbon Funds that promise diversified exposure to high-quality investments with lower carbon intensity than their respective benchmark indexes. The funds include the Scotia Low Carbon Canadian Fixed Income Fund, designed to generate regular income and modest capital gains; the Scotia Low Carbon Global Balanced Fund, designed to generate income and long-term capital growth; and the Scotia Low Carbon Global Equity Fund, designed to provide long-term capital growth.
Ninepoint launches its first series of ETFs
Ninepoint Partners has burst onto the NEO Exchange with the introduction of ETF versions of four of its successful strategies. The four new ETFs include the Ninepoint Diversified Bond Fund (NBND), a total-return strategy that invests in global corporate and government fixed income; the Ninepoint High Interest Savings Fund (NSAV), which invests in highinterest savings accounts at Schedule I banks; the Ninepoint Gold and Precious Minerals Fund (GLDE), which invests in gold, precious metals and minerals, and related certificates; and the Ninepoint Silver Equities Class (SLVE), which invests primarily in silver-producing companies.
NAME
LEAVING
JOINING
NEW POSITION
Aubrey Basdeo
BlackRock
Guardian Capital Group
Head of Canadian fixed income
Jordy Chilcott
Sun Life Global Investments
Wellington-Altus
EVP, wealth strategy and enablement
Kish Kapoor
N/A
GMP Capital
President and CEO
Chantal Lamoureux
CPHR Québec
Institut québécois de planification financière
President and CEO
Michael Lynds
CGI
Picton Mahoney Asset Management
Managing director, head of retail business
Jean-François Milette
Aviva Investors
Trans-Canada Capital
Global head, client solutions
Sri Vemuri
N/A
Capital Group
National sales manager
Wellington-Altus nabs industry vet A little more than a month after leaving his role as president of Sun Life Global Investments (SLGI), Jordy Chilcott joined Wellington-Altus Private Wealth as executive vice-president of wealth strategy and enablement. Chilcott has more than three decades of industry experience, including leadership roles at SLGI, Dynamic Funds and Scotiabank. At Wellington-Altus, he will be responsible for leading the firm’s wealth management teams and future asset management initiatives. “It really seems time right now for the technology-driven independent firms,” Chilcott told WP shortly after accepting his new role. “We are seeing it with the growth of Wellington-Altus, and in a few others, but I see it only getting better.”
Picton Mahoney names head of retail business Equitable Bank offers flexible reverse mortgage
Equitable Bank has introduced a new reverse mortgage product designed to give Canadian retirees more options to access their home equity. The new Reverse Mortgage Flex allows homeowners to access up to 55% of their home’s value, up from the previous limit of 40%. A reverse mortgage gives homeowners access to the existing equity in their home, turning a portion of it into a source of cash, taxand payment-free. “The addition of Reverse Mortgage Flex is a critical part of our decumulation strategy, one aimed at providing more benefits for Canadian seniors,” said Equitable Bank’s Mahima Poddar.
Picton Mahoney Asset Management has appointed Michael Lynds as managing director and head of retail business. Lynds comes to Picton Mahoney with nearly 25 years of experience at international wealth management and technology firms of all sizes. Most recently, as vice-president of global wealth, intellectual property and consulting at CGI, he managed a team across North America and Europe to drive product development and oversee business development activity, while also helping to incubate new technology capabilities on behalf of wealth management firms. “The opportunity to return to my financial services roots with Picton Mahoney is one of the easiest decisions I’ve made in my career,” Lynds said. “I look forward to harnessing the technologies that will deliver the next phase of growth in alternative investment solutions.”
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