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Investor group acquires minority interest in Marquest Asset Management

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An investor group led by Gordon McMillan and Andrew McKay has acquired a significant minority interest in Marquest Asset Management.

The group has the right to acquire a further interest in Marquest as part of a long-term strategic plan for the firm.

The initial transaction closed on 22 September and provides additional financial and industry resources to support the growth strategy of the business. 

McMillan and McKay have experience in the Canadian financial services industry having previously founded and built Triax Capital, Skylon Capital, Fairway Capital Management and the VentureLink Group of Funds.

Marquest has appointed McMillan as chairman of the board and McKay as president and chief operating officer. Additional senior appointments in both sales and marketing and portfolio management are planned in the near future. 

"Marquest is a high-quality investment manager with strong investment capabilities and a first class client service offering," says McMillan. "We believe Marquest has the potential to become a significant Canadian asset management firm." 

"We welcome the participation of such experienced and respected partners and look forward to their contribution to building Marquest to its full potential," adds Gerry Brockelsby (pictured), the founder and chief executive officer of Marquest.

Marquest specialises in resource, fixed income and equity funds, servicing private clients, corporations and institutional investors.

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