Marquest Asset Management Announces Strategic Investors
TORONTO, Sept. 27 /CNW/ - Marquest Asset Management Inc. ("Marquest") is pleased to announce that an investor group led by Gordon McMillan and Andrew McKay (the "Investor Group"), has acquired a significant minority interest in the firm. The Investor Group has the right to acquire a further interest in Marquest as part of a long-term strategic plan for the firm. The initial transaction closed on September 22, 2010 and provides additional financial and industry resources to support the growth strategy of the business. Mr. McMillan and Mr. McKay bring a wealth of experience in the Canadian financial services industry having between them previously founded and built, among other companies, Triax Capital, Skylon Capital Corp., Fairway Capital Management Corp. and the VentureLink Group of Funds.
As a result of the transaction, the Board of Directors of Marquest is pleased to announce the appointments of Mr. McMillan as Chairman of the Board and Mr. McKay as President & Chief Operating Officer. Additional senior appointments in both sales & marketing and portfolio management are planned in the near future.
"Marquest is a high-quality investment manager with strong investment capabilities and a first class client service offering" said Mr. McMillan. "We believe Marquest has the potential to become a significant Canadian asset management firm".
"We welcome the participation of such experienced and respected partners and look forward to their contribution to building Marquest to it's full potential" said Mr. Gerry Brockelsby, the founder and Chief Executive Officer of Marquest.
Marquest Asset Management Inc. is a diversified asset management firm, specializing in Resource, Fixed Income and Equity Funds, servicing private clients, corporations and institutional investors.
For further information:
Gerry Brockelsby, Chief Executive Officer, Marquest Asset Management Inc., 416-777-7373 or Mr. Andrew McKay, President & COO, Marquest Asset Management Inc., 416-777-7312; or visit www.marquest,ca
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