For those of us who are characterized as being in the economic nerd category, we tend to look at some of the more minute details of how our provincial economy is built….which industry is biggest and so on. If you do that, you’ll find that the province and, more specifically Regina, has a very strong financial sector.
When you think about SGI, the credit union systems’ support structure, the legacy of Crown Life, Farm Credit and so on, you get a flavor for Regina’s strength as a financial centre, ranking it among the top four or five in the country.
And one player that is pivotal to its strength is Greystone Managed Investments, an employee-owned pension fund manager with roots in the public sector. Thirty years ago the function of managing public sector pensions was privatized and the firm has become a major national player in the succeeding years.
Then, last week it secured its first US client – TransAmerica – which asked the Regina firm to manage $2 billion worth of equity investment for its clients, significantly raising Regina’s profile as we now become an international financial centre.