News and Publications
Natcan and Selexia explain their partnership
Special Release
Montreal, March 18, 2009 – The partnership between Natcan and Selexia fared well in Finance et Investissement (the French language sister publication of Investment Executive) in January 2009. An article entitled “Selexia and Natcan celebrate their partnership” (« Selexia Natcan se réjouissent de leur partenariat ») conveys how this new agreement benefits key stakeholders.
Stemming from Natcan, Selexia was inaugurated on January 1, 2008. This new independent management firm is headed by Jacques Chartrand, Claude Boulos, and Benoit Brillon, three experts specialized in the management of large-cap Canadian equities, and previously employees of Natcan.
Thanks to an exclusivity agreement, these three experts can now concentrate entirely on their area of expertise, under the new entity Selexia. According to Jacques Chartrand, “this agreement gives us the flexibility and the heartsease necessary for us to concentrate on our main activity”.
Michael Quigley, Senior Vice President, Distribution at Natcan, reaffirms the benefits of this partnership: “After less than a year of activity, we can say it is a success. Firstly, our idea to concentrate their activities under a distinct firm has proven itself: their performance exceeds that of their peers and of the market. And, they have an advance on the market of approximately 5%. The transition was smooth; no clients left as they were spared from any difficulties associated with the creation of Selexia”.
Michael Quigley did say to the paper that Natcan put in place, in collaboration with Selexia, a business model that paves the way for other partnerships with specialized entities.
The success of the partnership with Selexia has inspired Natcan to continue on its path. “At the moment, we do not have any specific candidates, but we will show ourselves to be opportunistic and will take advantage of arising opportunities. At present, the market is very favourable of acquisitions, and many portfolio management firms are currently for sale”, concludes Michael Quigley.
[Complete article] (in French only)