Hub International Ltd. is acquiring the employee benefits practice of Rise People Inc. Based in Vancouver, Rise offers an online platform of human resources, time tracking, payroll and benefits administration tools to Canadian employers. As part of the acquisition, Hub will begin offering Rise People’s services to its clients. Jesse McNeil, director of group benefits at Rise People, […]
The Ontario Municipal Employees Retirement System’s real estate arm is investing $3.3 billion to acquire a portfolio of 19 office buildings across Australia. Oxford Properties Group and Investa Property Group, the Australian company that currently owns the properties, will jointly manage the office portfolio. “Oxford invests for the long term in global gateway cities with a […]
U.S.-based brokerage Arthur J. Gallagher & Co. is acquiring Canadian benefits, retirement and compensation consulting firm Accompass Inc. The acquisition will provided the Toronto-based consultancy with Gallagher’s tools and resources, noted a press release. For Gallagher, the move will facilitate the expansion of its business capabilities in Canada. Sarah Beech, president of Accompass, will continue to lead the Accompass team. […]
Mercer has completed the previously announced acquisition of Pavilion Financial Corp.’s investment consulting, alternatives consulting and wealth management operations. “We’re thrilled to be welcoming Pavilion to the Mercer family,” said Jean-Philippe Provost, senior partner and wealth business leader at Mercer Canada, in a press release. The deal will expand Mercer’s tools, research and investment programs, he said. ”Adding [Pavilion’s] strengths […]
Goldman Sachs Asset Management is acquiring U.S.-based Rocaton Investment Advisors in an effort to expand its retirement and advisory platform. With more than $600 billion assets under advisement, Rocaton offers services to institutional clients including retirement plans. Its team will continue to be headquartered in Norwalk, Conn. following the transaction closure in the first half of 2019. Read: Hub […]
Hub International Ltd. is acquiring Proteus Performance Management Inc. Headquartered in Toronto, Proteus provides specialized pension plan governance and investment consulting to corporate plan sponsors, not-for-profit organizations, trusteed plans, public plans, foundations and endowments. “Proteus is considered among the leaders in the field of governance and investment consulting, and prides itself in providing trusted advice to […]
Willis Towers Watson is acquiring Canadian investment manager Integra Capital Ltd. Following the acquisition, Integra will function as a wholly-owned subsidiary of Willis Towers Watson and will have responsibility over the firm’s Canadian delegated investment business. “We’re very excited to acquire Integra, especially given our successful partnership with them over the past three years,” said Kemp Ross, […]
Mercer is acquiring the investment consulting, alternatives consulting and wealth management operations of Pavilion Financial Corp. Pavilion, a global investment services firm with about 300 employees, is headquartered in Winnipeg with offices across North America, in London, England and in Singapore. “In only a few years, we have assembled one of the industry’s top consulting […]
Conduent Inc. has completed the sale of its human resources consulting business to a fund managed by private equity investment firm H.I.G. Capital. The business, which was formerly known as Buck Consultants, has relaunched under that name. It will offer global integrated HR consulting, benefits administration and technology services. The deal, as reported in May 2018, included the […]
The job of a pension consultant has evolved considerably over Bita Jenab’s 30-year career in the field. The mid-1990s saw a greater focus on governance and the arrival of the investment consultant, while the 2000s featured a mass move to defined contribution plans and significant changes to pension legislation. Through all of that, plan sponsors […]