Scotiabank Global Wealth Management and Sun Life Capital Management announce strategic relationship in private assets
TORONTO, Oct. 10, 2023 /CNW/ - Scotiabank Global Wealth Management and Sun Life Capital Management (SLC Management) today announced plans to develop and provide private asset solutions to high-net-worth clients in the Canadian market through Scotia Global Asset Management.
- TORONTO, Oct. 10, 2023 /CNW/ - Scotiabank Global Wealth Management and Sun Life Capital Management (SLC Management) today announced plans to develop and provide private asset solutions to high-net-worth clients in the Canadian market through Scotia Global Asset Management.
- As part of the arrangement, SLC Management is committing to invest $100 million of seed capital for future funding opportunities.
- "Once the domain of the most sophisticated institutional investors, private alternative investments have been increasingly sought after for their important role in enhancing portfolio diversification and risk-adjusted returns," says Glen Gowland, Group Head, Global Wealth Management at Scotiabank.
- InfraRed Capital Partners – Private infrastructure – InfraRed is an international infrastructure investment manager, managing equity capital in multiple private and listed funds, primarily for institutional investors across the globe.