Fortune Financial joins with Keybase
Article Abstract:
Fortune Financial Management Inc. is merging with Keybase Financial Group to form a new holding company called Destiny Financial Group. Fortune and Keybase are led by long-time friends David Singh and Dax Sukhraj, respectively. Singh will resign from managing the daily operations of Fortune to become the chairman and chief executive officer of Destiny. Destiny will have four businesses, a mutual fund dealer that will operate under Keybase name; securities dealer Fortune Financial Corp.; a life and health insurance company; and Paragon Asset Management. Keybase is a mutual fund dealer with 100 sales reps and C$500 million in client assets under administration. Fortune is among Canada's biggest fund distributors with C$7 billion in client assets under administration and 500 sales reps.
Comment:
Is merging with Fortune Financial Management Inc to form a new holding company called Destiny Financial Group
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Cadillac snaps up 7 buildings
Article Abstract:
Cadillac Fairview Corp. acquired seven office buildings from Bimcor Inc. for C$150 million, in line with its strategy to purchase dominant properties in Canada's major cities. The acquisition of the Toronto, Canada, real estate developer involves 1.3 million sq ft of office space in buildings across Montreal, Halifax, Edmonton and Toronto, with a 90% occupancy rate. Cadillac Chief Financial Officer Jon Hangman, said the firm plans to buy more properties in the six biggest cities in Canada, particularly class A shopping malls and office buildings.
Comment:
Acquired seven office buildings from Bimcor for C$150 million, in line with its strategy to purchase dominant properties
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Oxford buys mall from rival Cadillac
Article Abstract:
Oxford Properties Group Inc has acquired the Edmonton Eaton Centre from Cadillac Fairview Corp for $73 million, making Oxford the largest shopping mall owner in Edmonton. Oxford acquired the Eaton Centre, a 500,000 sq ft mall in a joint venture with a pension fund manager. Oxford announced plans to consolidate the Eaton Centre with the Edmonton Centre, a mall that it already owns.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Wall Financial investors criticize low share price. Pulp mill sale lifts Crestbrook to profitability. MacBlo's logging plan garners praise
- Abstracts: Torstar win would create Internet giant. Atlantis to buy 10% stake in Digital Renaissance
- Abstracts: More phone users snipping their land lines. Small wireless firms may be targets
- Abstracts: Sprint unveils new rate plan. Sprint launches local service in Calgary