By Staff | October 24, 2006 | Last updated on October 24, 2006
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(October 24, 2006) Standard and Poor’s has announced it will look beyond the Canadian border in reconstructing its S&P/TSX Capped Gold Index, with foreign gold miners being drawn into the mix, effective December 18.

The TSX Group says it welcomes the move, and emphasizes that Canadian-listed companies will still make up 60% of the index. The TSX and TSX Venture Exchange already attract foreign companies seeking a public listing, according to Richard Nesbitt, CEO of TSX Group.

“Our exchanges have become the world’s leading markets for raising equity capital for mining and as a result we attract numerous international mining participants,” said Nesbitt. “Of the over 8,500 projects being undertaken by mining companies that we list, nearly a third are outside of North America.”

So far in 2006, 73 new mining listings have been added to the TSX Group’s exchanges, bringing an additional $8.5 billion to the value of mining securities listed in Canada. The TSX Group’s mining sector is home to 1249 listed mining companies, with a total quoted market value of over $297 billion.

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Richardson Partners names new directors

(October 24, 2006) Richardson Partners Financial has announced the appointment of Susan Latremoille and Doug Mair to the board of directors of Richardson Partners Financial Holdings Limited. The company has also named John Horwood to the Executive Management Committee.

“We have built a firm that is setting new benchmarks in the delivery of wealth management solutions to clients and we knew the best way to achieve these results was to put advisors and management on the same side of the table,” said H. Sanford Riley, chairman of Richardson Partners. “By appointing advisors in revolving positions to the board and key committees, together we leverage our collective experience and knowledge to make decisions — decisions that are always focused on the best interests of our clients.”

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Jovian unit reaches milestone

(October 24, 2006) Jovian Capital has announced its wealth management division, T.E. Investment Counsel, has reached $2 billion in assets under management.

T.E. Investment Counsel provides multi-manager strategies to high-net-worth and institutional investors. It is a unit of T.E. Wealth, a fee-only financial planning subsidiary of Jovian.

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Standard Life snaps up ex-Maritime boss

(October 24, 2006) Standard Life has appointed William A. Black to the position of director of the board for The Standard Life Assurance Company of Canada. He has also been named to the board of Standard Life Trust Company.

Most recently, Black was president and CEO of Maritime Life.

(10/24/06) staff


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