Guardian Capital Group Limited Completes Acquisition of Emerging Markets Equity Firm, Zephyr Management U.K. Limited
April 14 2014 - 4:30PM
Marketwired
Guardian Capital Group Limited Completes Acquisition of Emerging
Markets Equity Firm, Zephyr Management U.K. Limited
TORONTO, ONTARIO--(Marketwired - Apr 14, 2014) - Guardian
Capital Group Limited ("Guardian") (TSX:GCG)(TSX:GCG.A) announced
today that it has completed the acquisition of London, UK-based
Zephyr Management U.K. Limited ("Zephyr"). The acquisition adds
emerging markets equity investment capabilities and provides
Guardian an international platform in a key global financial centre
to expand its asset management business.
The Zephyr investment team combined has over 60 years of
emerging markets equity experience and will continue to be led by
Steve Bates, who has been appointed Managing Director, Head of
Emerging Markets Equity.
George Mavroudis, President and CEO of Guardian said: "Despite
the recent economic challenges in developing markets, we believe
emerging market equities are a core component for investors'
strategic asset allocation decisions. The overall investment thesis
in emerging equity markets is more compelling now than at any point
in the last number of years due to the recent multi-year low
valuations for several quality companies operating in those
markets. With the addition of Steve and his team, Guardian can
offer its clients an opportunity to participate in the long-term
dynamic and diversified developing economies, by investing in a
high-quality strategy with a long proven track record of
success."
The integration of the Zephyr emerging market strategies will
add approximately $100 million to the assets under management of
Guardian's investment management subsidiaries. Guardian is
acquiring Zephyr Management U.K. Limited from its parent company,
Zephyr Management, L.P., a global investment management firm
headquartered in New York, which focuses on emerging market private
equity investments, as well as wealth management.
About Guardian Capital Group Limited
Guardian Capital Group Limited is a diversified financial
services company founded in 1962. Guardian provides investment
management services to institutional and high net worth clients;
provides financial services to international investors; and
provides services to financial advisors in its national mutual fund
dealer, securities dealer, and insurance distribution network. Its
Common and Class A shares are listed on the Toronto Stock Exchange.
As at December 31, 2013, Guardian had assets under management of
$22.2 billion and assets under administration were $11.6
billion.
Guardian Capital Group LimitedGeorge MavroudisPresident &
Chief Executive Officer(416) 364-8341Guardian Capital Group
LimitedVern ChristensenSenior Vice-President and Secretary(416)
947-4093
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