Jarislowsky Fraser Limited Organizational Update

April 20, 2015

Plan sponsors may wish to consider whether this investment news has any implications for the investment options available within their plans.

Jarislowsky Fraser Limited (JF) recently made the following announcements regarding their investment team:

  1. Dan Hanson, a Portfolio Manager and Head of U.S. Equities at the firm, became a member of the Investment Strategy Committee (ISC). Mr. Hanson has been with the firm since 2013 and has 22 years of investment experience. After a long tenure on the ISC, Kim White, Fixed Income Manager, has removed himself from the committee, but will remain active in managing Fixed Income portfolios along with Chris Kresic, Head of Fixed Income, who continues to serve on the ISC. Mr. White led the JF Income team prior to Mr. Kresic’s succession.
  2. Stanley Wu has been promoted to Portfolio Manager, International Equities. He will continue to serve on the ISC and will continue to co-manage the JF International Equity Fund with Michel Brutti. Mr. Wu joined the firm in 2005 as a Global Equity research analyst and, prior to this promotion, held the title of International Equity Manager since 2008.
  3. Charles Nadim was promoted to Portfolio Manager, Canadian Equities. Mr. Nadim will continue to co-manage the JF Canadian Equity Fund with Bernard Gauthier, Head of Canadian Equities and an ISC member. Mr. Nadim has 17 years of investment experience and has held various roles within the firm since joining in 2008 including: North American research analyst, Global Equity research analyst and; most recently, Canadian Equity Manager since 2012. Mr. Nadim is not an ISC member.
  4. Jeremy Schaal was promoted to Associate Portfolio Manager, U.S. Equities. Mr. Schaal will work closely with Dan Hanson, Lead Portfolio Manager, on the JF U.S. Equity Fund. Mr. Schaal joined the firm in 2005 and has been a North American Equity research analyst since 2007.

We remain concerned with the relatively high level of senior turnover within the ISC over the last few years and the fact that its members have not worked together for a long period of time. We continue to closely monitor developments at the firm, including leadership structure and investment personnel, and provide updates as new information becomes available.

Questions?
Please contact your Sun Life Group Retirement Services representative.