Canadian Western Trust appointed as trustee for subsidiaries of CI Financial Corp.

VANCOUVER, March 12, 2019 /CNW/ - Canadian Western Trust (CWT) is pleased to announce its appointment as the registered plans trustee for certain subsidiaries of CI Financial Corp. (CI Financial) (TSX: CIX).

"Canadian Western Trust is delighted to have earned the confidence of CI Financial and to add them to our growing portfolio of clients," says Scott Scobie, CWT's Vice President and General Manager. "Both firms share a commitment to providing responsive client-centred service and we look forward to a mutually rewarding partnership."

As part of the new mandate, CWT will act as trustee for registered plans for CI Financial's subsidiaries CI Investments Inc., Assante Capital Management Ltd. and Assante Financial Management Ltd.

Al Spadaro, CWT's Director of Business Development for Broker and Dealer Services, also welcomes the announcement. "Adding one of Canada's largest investment companies to our list of partners further confirms CWT's position as a leading provider of trust solutions," states Spadaro.

"CWT's reputation for providing trustee, custodial and administrative assistance is excellent," said Fabio Iannicca, Senior Vice-President of Operations for CI Investments. "Their tailored solutions ensure our firm's unique service requirements will be achieved."

Affected clients are being notified of the appointment, which became effective on March 2, 2019.

About Canadian Western Trust Canadian Western Trust, a wholly owned subsidiary of Canadian Western Bank and a member of the CWB Financial Group, provides personalized trustee and custodial solutions for mid-sized pension plans, brokerage firms, investment managers, endowments, individual mortgage investors and other investment pools. Learn more at www.cwt.ca.

About CWB Financial Group (CWB) CWB is a diversified financial services organization serving businesses and individuals across Canada. Operating from its headquarters in Edmonton, Alberta, CWB's key business lines include full-service business and personal banking offered through 42 branches of Canadian Western Bank and internet banking services provided by Motive Financial. Highly responsive specialized financing is delivered under the banners of CWB Equipment Financing, CWB National Leasing, CWB Maxium Financial, CWB Franchise Finance and CWB Optimum Mortgage. Trust Services are offered through Canadian Western Trust. Comprehensive wealth management offerings are provided through CWB Wealth Management, which includes the businesses of McLean & Partners Wealth Management and Canadian Western Financial. As a public company on the Toronto Stock Exchange (TSX), CWB trades under the symbols "CWB" (common shares), "CWB.PR.B" (Series 5 Preferred Shares) and "CWB.PR.C" (Series 7 Preferred Shares). Learn more at www.cwb.com.

About CI Financial Corp. CI Financial Corp. (TSX: CIX) is an independent Canadian company offering global asset management and wealth management advisory services. Its primary operating businesses are CI Investments Inc., Assante Wealth Management (Canada) Ltd., CI Private Counsel LP, Grant Samuel Funds Management Pty Ltd. of Australia, First Asset Investment Management Inc., and BBS Securities Inc. Further information is available at www.cifinancial.com.  

SOURCE Canadian Western Trust

Scott Scobie, Vice President and General Manager, CWT, 604-699-4858