Guardian Capital Group

Guardian Capital Group, founded in 1962, operates several fully owned subsidiaries whose operations are to provide investment management services, financial advisory services, retail distribution of mutual funds, insurance, and general corporate services. Guardian Capital Group is headquartered in Toronto, Ontario, Canada, and became publicly listed on the Toronto Stock Exchange in 1969. As of December 31, 2015, the company has $24.2 billion in assets under management.[2]

Guardian Capital Group
TypePublic
TSX: GCG
IndustryFinancial services
Founded1962 (1962)
HeadquartersToronto, Ontario
Key people
George Mavroudis
CEO)
RevenueIncrease CA$132.9 million (2015)
Increase CA$44.97 million (2015)
AUMIncrease CA$46.9 billion (June 30, 2022)[1]
Websitewww.guardiancapital.com

History

In May 2001, Guardian Capital Group sold a portion of its retail mutual fund business with roughly $2 billion in assets under management to the Bank of Montreal in exchange for 4.96 million common shares, worth roughly $180 million.[3][4] Guardian Capital LP, one of Canada's largest investment management firms and a subsidiary of Guardian Capital Group, actively manages many of BMO's mutual fund products.[5]

In January 2011, George Mavroudis was appointed President of Guardian Capital Group after the passing of John Christodoulou. Mavroudis has been with the company since 2005 in the position of Senior Vice-President, Strategic Planning and Development. Prior to joining Guardian Capital Group, Mavroudis held previous appointments as a Managing Director with J.P. Morgan Asset Management in its London, New York City, Moscow, and Toronto offices.[6]

In June of 2022, Guardian Capital Group purchased a 60% stake in Rae & Lipskie Investment Counsel Inc., an Ontario-based private wealth management firm. [7]

Key subsidiaries

See also

References
  1. "About Guardian Capital Group Limited". www.guardiancapital.com.
  2. "Guardian Capital Group Limited 2015 Annual Report" (PDF). Retrieved 2016-05-05.
  3. Guardian Capital Group's shares are a bargain: analyst
  4. "CBC News - Money - Bank of Montreal buys Guardian Fund Group". Cbc.ca. 2001-05-15. Retrieved 2010-05-05.
  5. "BMO Guardian Funds - Fund Management - Portfolio Advisors". Archived from the original on 2009-12-29. Retrieved 2010-05-04.
  6. "Guardian Capital Group Limited Appoints President". Marketwire.com. 2009-01-30. Retrieved 2010-05-05.
  7. "Guardian Capital acquires majority of Ontario investment counselling firm". Investment Executive. 2022-06-28. Retrieved 2022-07-06.
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