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GCG Guardian Capital Group Ltd

44.00
0.10 (0.23%)
27 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Guardian Capital Group Ltd TSX:GCG Toronto Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.10 0.23% 44.00 44.11 44.75 44.00 44.00 44.00 100 21:00:00

Guardian Capital Recruits Experienced Global Equity Team to Enhance UK Business

05/08/2014 10:15pm

Marketwired Canada


Guardian Capital Group Limited ("Guardian Capital") (TSX:GCG)(TSX:GCG.A), the
Toronto-based institutional asset management and private wealth management
business with over C$35 billion of assets under management and administration,
announces that it is continuing with the international expansion of its business
by recruiting a high quality global equity fundamental team to complement its
newly acquired global emerging market equity fund management business based in
London, United Kingdom. 


The company is pleased to announce three new senior hires to its team: Michael
Boyd, Giles Warren and Michael Hughes, who all join Guardian Capital's UK
business. 


Boyd and Warren were previously managers of the highly successful global equity
fund, Seilern Stryx World Growth, which has strongly outperformed the MSCI World
Index while generating significantly less volatility than the index since
inception of the strategy. Boyd joined Guardian Capital in June 2014 and Warren
as of the 1st August 2014. 


The recruitment of Boyd and Warren brings an additional investment capability to
Guardian Capital's existing UK business, which currently comprises specialist
emerging market listed equity strategies. These strategies, managed by JPMorgan
Asset Management alumni Steve Bates and Clive Lloyd, have also demonstrated
strong outperformance versus benchmark and less volatility than the benchmark
since inception. 


Michael Hughes, another senior JP Morgan alumnus and more recently with Trinity
Street Asset Management, has joined the firm to support the team's client
portfolio manager activities. 


George Mavroudis, President & Chief Executive Officer of Guardian Capital said: 

"We are very excited about the high quality and experience of the investment
team Guardian Capital has assembled in its London office. The additional global
equity investment professionals joining our firm are an important part of our
efforts to build a focused fundamental investment team in London that will
deliver high quality concentrated strategies in both the developed and
developing markets."


Steve Bates, Chief Investment Officer of Guardian Capital's UK investment
business said: 


"Michael and Giles's philosophy of focusing on a select group of high quality
growth companies while following a strong valuation discipline is
philosophically aligned with our approach in the emerging market universe. Their
contention that growth drives returns while quality protects on the downside is
more than borne out by their strong historic performance. We believe that
Guardian will provide the ideal stable environment for them to pursue their
investment strategy."


Michael Boyd said: "Access to the significant support and distribution resources
of Guardian Capital will enable Giles and me to focus exclusively on our
successful investment approach. We are excited about joining and look forward to
working with Steve, Clive, Michael and our colleagues in Canada."


Underlining its long term commitment to the European marketplace, Guardian
Capital will be launching a new Irish UCITS fund umbrella with significant seed
money from its own resources. This new vehicle will enable UK and European
investors to gain exposure to the Guardian Capital fundamental global and
emerging market strategies managed by the London office. 


About Guardian Capital Group Limited

Guardian Capital Group Limited is a diversified financial services company
founded in 1962. Guardian Capital 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.



FOR FURTHER INFORMATION PLEASE CONTACT: 
Guardian Capital Group Limited
George Mavroudis
CEO
+1 416 364 8341


Guardian Capital Group Limited
Steve Bates
CIO
+44 20 7907 2402
www.GuardianCapital.com

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