President and CEO
Canoe Financial made headlines in mid-April when, with markets still rocky amid a massive economic collapse, it acquired nine mutual funds from Fiera Capital. Canoe president and CEO Darcy Hulston told WP at the time that the move wasn’t opportunistic – rather, it was a commitment to his firm’s long-term growth strategy of expanding its suite of funds and building relationships with new advisors.
“There’s roughly 1,800 investment advisors who owned these funds, and 350 of them had zero relationship with Canoe,” Hulston said at the time. “So we get an opportunity to augment our existing advisor base, expand our footprint in Canada and continue to grow our business.”
The move was Canoe’s second major acquisition of Fiera funds over the past two years; it also acquired nine funds in February 2019.