BluMont Capital Inc.
TSX VENTURE : BCC

BluMont Capital Inc.

August 15, 2006 10:17 ET

BluMont Capital Appoints New Executives

TORONTO, ONTARIO--(CCNMatthews - Aug. 15, 2006) - Stephen J. Kangas, President of BluMont Capital Inc. ("BluMont") (TSX VENTURE:BCC) is pleased to announce that Conor Sean Bill, Peter F. Chodos and James S. Wanstall have joined the BluMont Capital executive team. Conor Bill and Peter Chodos join BluMont as Managing Directors and James Wanstall as Executive Vice President, National Sales.

"We are thrilled about the addition of such outstanding financial professionals and we are confident in their abilities to bring forth new and exciting product and sales initiatives to our firm." said Steve Kangas. "Going forward BluMont will take a leadership role in encouraging investment advisors and their clients to increase their knowledge and exposure to alternative investments. These gentlemen bring unique and dynamic skill sets to the BluMont team that complement and support this strategy."

Mr. Bill has over 15 years of experience in all aspects of finance. Before co-founding Mt. Auburn Capital Corp. he was one of the founders of Lawrence Asset Management Inc., where he was responsible for developing and marketing structured financial products for both the public and private markets. He has extensive experience developing, marketing and managing structured financial products and first acquired his skills in the field at Scotia Capital Inc. Mr. Bill has an MBA from the University of Western Ontario and a Bachelor of Commerce and Bachelor of Arts in Economics from Queens University.

Mr. Chodos has over 25 years experience in financial engineering and corporate finance with Wood Gundy, Loewen, Ondaatje, McCutcheon and BZW Canada. He has lead re-structuring deals, mergers and acquisitions and structured financings for a wide range of private and public companies in Canada, the United States and the United Kingdom. He was one of the founders of Lawrence Asset Management Inc. and a co-founder of Mt. Auburn Capital Corp. Peter received his MBA from Harvard University and is a Chartered Accountant and a Chartered Business Valuator and graduated from McGill University with a Bachelor of Commerce.

Mr. Wanstall has over 20 years experience in financial services. He started his career in 1985 on the Eurobond desk of McLeod Young Weir in London, England. In 1991, he served as an Investment Advisor at Burns Fry Limited, before becoming Vice President, Sales at a major Canadian mutual fund company. He helped to develop the Canadian ETF business at Barclays Global Investors, before joining the hedge fund industry, playing an instrumental role at a competing hedge fund company. Mr. Wanstall currently serves on the Canadian board of the Investment Management Consultants Association as Chair of the Communications Committee.

About BluMont

BluMont is a leading provider of alternative investment products to Canadian investors. The firm offers investors innovative investment solutions that provide enhanced diversification and robust return potential. BluMont employs over 35 people nationwide and has approximately C$780 million in assets under management. BluMont is 46.2% owned by Toronto-based Integrated Asset Management Corp. (TSX VENTURE:IAM), a leading alternative asset investment management company with approximately C$3 billion in assets and committed capital under management. Further information on BluMont can be found at www.blumontcapital.com.

The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • BluMont Capital Inc.
    Stephen J. Kangas
    President
    (416) 216-3566