The Globe and Mail reports in its Friday edition that two former TD Bank executives joined Forthlane Partners this week to boost the wealth manager's offering of pension plan-style investments for wealthy families. The Globe's Andrew Willis writes that on Tuesday, former TD Securities head of corporate and investment banking Robbie Pryde took over as chief executive officer at Forthlane, founded six years ago by Ken Grewal, the former CEO, and chief investment officer Wayne Kozun, who spent 22 years at the Ontario Teachers Pension Plan. Mr. Grewal continues to be a Forthlane partner and executive. Forthlane also welcomed Robert Vanderhooft as co-chief investment officer, alongside Mr. Kozun. Mr. Vanderhooft was chief investment officer at TD Asset Management. Forthlane offers individuals and families with $20-million or more in investable assets access to the world's top asset managers. The employee-owned platform has $500-million of assets under management. Founded in 2018, the firm's core offering returned 9 per cent annually over the past five years. "We believe wealthy families and individuals in Canada are underserved, compared to what is available in the U.S. and Europe," Mr. Pryde said told The Globe.
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