Closely held Mawer Investment Management Ltd. has hired Bank of Nova Scotia to explore options such as a sale, following a wave of transactions involving Canadian money managers. ( Nathan Denette / THE CANADIAN PRESS )Joanna Crozier, Mawer’s marketing manager, confirmed in an email that the Calgary-based firm was working with Scotiabank. Scotiabank itself last month acquired MD Financial Management for about $2.6 billion, having earlier snapped up Montreal-based Jarislowsky Fraser Ltd. Article Continued BelowMawer adheres to what it calls a “boring” approach to money management. “It means consistently sticking to a systematic, disciplined, bottom up investment approach no matter what the market outlook.” Reuters earlier reported that Mawer was working with Scotiabank to explore a potential sale.

Source: thestar November 11, 2018 18:45 UTC