Hub swoops for Toronto agency

Hub swoops for Toronto agency | Insurance Business

Hub swoops for Toronto agency

In the latest in a string of Canadian acquisitions, Hub International Limited has announced its swoop for Toronto-based Proteus Performance Management. Terms of the transaction were not disclosed.

Proteus provides specialized pension-plan governance and investment consulting to corporate plan sponsors, not-for-profit organizations, trusteed plans, public plans, foundations and endowments.

“Proteus is considered among the leaders in the field of governance and investment consulting, and prides itself in providing trusted advice to clients,” said Greg Belton, executive chairman of Hub Ontario. “They have a talented team whose experience will bring a unique perspective and substantially strengthen our Canadian pension-consulting capabilities.”

Peter Henry, president of Proteus, and senior vice presidents Gord Lewis and Ryan Kuruliak, will join Hub Ontario and report to Bolton.

“This is an exciting and significant move for Proteus,” Henry said. “Proteus can continue to focus on our core mission – providing award-winning pension plan governance and investment consulting services to our clients – but now with the added benefit of Hub’s leading corporate reputation, presence across the country and similar entrepreneurial culture. Our partnership with Hub will further strengthen the quality of the service we provide our clients and the confidence clients have with our firm.”