Leith Wheeler Investment Counsel Ltd.

February 29, 2016 09:00 ET

Leith Wheeler Investment Counsel Expands Geographic Reach With Toronto Office Opening

With 40 per cent of firm's client assets in Ontario, "it was time" to be there: Leith Wheeler CEO

VANCOUVER, BRITISH COLUMBIA and TORONTO, ONTARIO--(Marketwired - Feb. 29, 2016) - Editors note: There is one photo accompanying this press release.

Investment management firm Leith Wheeler Investment Counsel is broadening its Canadian presence by opening an office at 145 King Street West, in the heart of Toronto's financial district.

"We are very fortunate to have a number of long standing clients in Toronto and felt it was time to have a local presence here," said CEO Jim Gilliland.

Clients representing 40 per cent of Leith Wheeler's total $16.4-billion of assets under management are based in Ontario. They include institutions, pensions, foundations, First Nations communities and private clients.

Marcel Leroux, an investment-business veteran, will lead the office. He is responsible for the discretionary investment management of private client and foundation portfolios at Leith Wheeler. "Leith Wheeler has an excellent reputation and I am honored to contribute to this new phase for the firm," he said.

"To open a Toronto office, it was critical to find an investment professional with a complete understanding of our investment philosophy and culture," said Leith Wheeler CEO Jim Gilliland. "Marcel shares Leith Wheeler's client-first approach and has spent his career as a value investor. There's a great fit with Marcel and we have the benefit of knowing him well for 20 years. We're excited to have him lead our efforts in Toronto."

Before joining the firm, Marcel spent two decades with a successful investment management firm in Toronto as Vice-President, Marketing and Client Servicing. He graduated from Laval University with a Business Administration degree and is fluent in English and French.

This is Leith Wheeler's second office outside its Vancouver headquarters. In 2011, Leith Wheeler opened one in Calgary, its first move outside of Vancouver since its 1982 founding in that city.

Leith Wheeler Investment Counsel is an independent, employee-owned investment firm. It manages over $16.4 billion of assets on behalf of pensions, foundations, endowments, First Nations, corporate and private clients across Canada.

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Contact Information

  • Ann Gibbon
    604.263.0634 or 778.999.0064