New leader at the helm of investment firm, which has more than $15 billion in AUM
iA Clarington Investments Inc. has announced two senior appointments, including a new President and CEO.
Adam Elliott, Senior Vice-President & National Sales Manager, has been promoted to the role of President & Chief Executive Officer, replacing Andrew Dalglish, who is retiring from the industry. In addition to his new position, Mr. Elliott will serve on the Executive Leadership team for iA Wealth and retain his role as National Sales Manager for the Firm.
Meanwhule, Tejsvi (Tej) Rai, formerly Senior Vice-President, Asset Allocation, iA Investment Management Inc. ("iAIM"), has been appointed portfolio manager of the iA Wealth Managed Portfolios, iA Wealth Enhanced Bond Pool, iA Clarington Yield Opportunities Fund, iA Clarington Global Yield Opportunities Fund and iA Clarington Monthly Income Balanced Fund.
In a press release, iA Clarington said Elliott has demonstrated exceptional leadership and business acumen since joining in 2018.
"Adam has the experience, expertise and dedication needed to bring iA Clarington to new heights of success. He was the clear choice for this very important leadership role, and we look forward to our continued work together," said Sean O'Brien, Executive Vice-President, iA Wealth.
"Andrew Dalglish brought decades of distinguished executive leadership when he joined iA Clarington in 2012 and has been instrumental to the firm's evolution and growth since then. We thank him for his many contributions and wish him all the best in his retirement.”
iA Clarington Investments Inc. is a subsidiary of Industrial Alliance Insurance and Financial Services Inc. – Canada's fourth-largest life and health insurance company. It offers a wide range of investment products. As of December 31, 2020, iA Clarington had more than $15 billion in assets under management.
iA Investment Management Inc. operates as a subsidiary of Industrial Alliance Insurance and Financial Services Inc and manages general portfolios, segregated funds and mutual funds for the Industrial Alliance group. As of December 31, 2020, iA Investment Management had more than $102 billion in assets under management.