ATB Financial finalizes deal for BCV Asset Management, managing over $5.8bn in assets
ATB Financial has completed its acquisition of BCV Asset Management Inc. (BCV).
According to its press release, the acquisition expands ATB Financial's wealth management services across Western Canada.
Curtis Stange, president and CEO of ATB Financial, stated, “I am pleased to officially welcome BCV Asset Management to ATB Financial. Coming together is an opportunity to leverage the collective experience and expertise for the benefit of our clients.”
He added that BCV’s approach aligns with ATB’s plans to deliver tailored financial solutions.
BCV will now operate as a standalone subsidiary of ATB Financial, maintaining its leadership team, portfolio management strategies, and existing business model.
Tony Demarin, founder and CEO of BCV Asset Management, emphasized the growth opportunities the partnership with ATB Financial offers.
He stated, “BCV Asset Management will continue to operate with the same experienced leadership and portfolio management team, and proven strategies that have delivered exceptional results for our clients across Canada.”
The BCV, Manitoba-based portfolio management firm, manages over $5.8bn in assets and has operated in wealth management since its founding in 2007.
