Lawrence Asset Management announced the acquisition of and amalgamation with fund manager Navina Asset Management.
Lawrence Asset Management Inc. (“Lawrence”) on March 1, 2010 announced that it had acquired all of the outstanding shares of, and amalgamated with, Navina Capital Corp. on January 1, 2010 to become Navina Asset Management Inc. Following the amalgamation, the combined company, operating under the Navina brand, will manage 11 investment funds with approximately $330 million of assets under management. Lawrence’s President and Chief Operating Officer Ravi Sood was appointed the new Chief Operating Officer of Navina, with Andrew Bentley, formerly a principal of Navina, named as President.
For more information, read the press release here.