DundeeWealth CEO, David Goodman, will manage the merged DundeeWealth investment management (IM) team and Scotiabank’s asset-management unit, The Wall Street Journal reports. In February 2011, Scotiabank purchased 82% of DundeeWealth that it did not already own for $2.4 billion.
Scotiabank has also merged the advisory channel wholesale teams that have been transferred from Scotia Asset Management to be under the DundeeWealth’s Dynamic funds. Over 1,000 DundeeWealth financial advisers, including portfolio managers running the marquee Dynamic funds, joined Scotiabank, earlier in 2011.
Click here for the story from The Wall Street Journal.