“We’re very excited to have Sterling be a part of the Guardian group of firms because the acquisition considerably enhances our total scale as a world asset supervisor and expands our platform for future development,” mentioned George Mavroudis, Guardian’s president and CEO. “Sterling shares and enhances our method and values along with including new capabilities and funding methods that improve our providing in the US.”
Final yr, Guardian Capital Group bought its Worldsource mutual fund, life insurance coverage, and funding distribution networks to Desjardins for $750 million. The deal freed up sources and capital for Guardian to give attention to its core asset administration operations.
Standalone entity
Guardian plans to function Sterling as a standalone entity with its present administration crew and senior professionals sustaining continuity for present purchasers.
Sterling is headquartered in Charlotte, North Carolina, and has six distinct funding groups offering funding advisory companies via mutual funds, individually managed accounts, mannequin portfolios, and different commingled autos provided via quite a lot of middleman and managed account platforms.