The Ontario Teachers’ Pension Plan Board (Ontario Teachers’) has acquired a majority stake in Seven Investment Management (7IM).
The purchase of 7IM, an investment manager based in the UK, will enable growth of the firm to focus on organic growth and selective mergers and acquisitions.
Ontario Teachers’ will not make any leadership changes following the acquisition and 7IM’s CEO, Dean Proctor, will remain in his post.
On the acquisition, Proctor says: “Now is the perfect time to start working with our new investment partner whose scale and capability can help support us in our ambitious next phase of growth.
“While we have ambitious growth plans, we remain fully committed to our ongoing investment in innovation, technology and our people, so that we can continue to support our vision of delivering an unrivalled experience for both advisers and clients.”
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