- Guardian Capital Group (GCG) has acquired BNY Mellon’s Canadian wealth management business
- The new entity will be renamed Guardian Partners Inc
- The addition expands Guardian’s capabilities in the ultra-high-net-worth, family office, endowment and foundations segments
- Guardian Capital Group is a diversified financial services company with C$46 billion of assets under management
- Guardian Capital Group (GCG) is down 0.93 per cent and is currently trading at C$26.75 per share
Guardian Capital Group (GCG) has acquired BNY Mellon’s Canadian wealth management business.
This entity will be renamed Guardian Partners Inc. The acquisition expands Guardian’s core wealth management capabilities in the ultra-high-net-worth, family office, endowment and foundations segments, areas where BNY Mellon’s Canadian wealth management business was a pioneer in developing.
Anthony Messina will become President of GPI and remain as the Head of Private Wealth at Guardian.
Doce Tomic will remain as the Head of Wealth Management while adding the role of Chairman of GPI.
“We believe that the addition of Guardian Partners is an exciting opportunity to enhance our offering and commitment to the ultra-high-net-worth and family office segments,” said George Mavroudis, Guardian’s President and CEO.
“The combination of WMAS and Guardian represents an exciting new chapter for our clients and employees,” said Jaz Gill, COO of BNY Mellon Wealth Management, Advisory Services. “We are confident in GPI’s commitment and ability to meet the investment and OCIO needs of clients now and in the future.”
Guardian Capital Group is a diversified financial services company founded in 1962. Guardian operates in two main business areas, Asset Management and Financial Advisory. As of December 31, 2020, Guardian had C$46 billion of assets under management and C$22 billion of assets under administration.
For more than two centuries, BNY Mellon Wealth Management has provided services to high-net-worth individuals, family offices, planned giving programs, and endowments and foundations. As of December 31, 2020, it had US$286 billion in total client assets.
Guardian Capital Group (GCG) is down 0.93 per cent and is currently trading at C$26.75 per share as of 1:24 pm EST.
