Canadian Investor Stephen Jarislowsky Dies; Firm Acquired by Scotiabank
3 reports, 1 independent
Updated Thu 00:00
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What happened
Canadian investor Stephen Jarislowsky died at age 101. He founded Jarislowsky Fraser & Co. in 1955, which grew into a large pension fund manager. Scotiabank bought the firm in 2018 for $950 million.
From cbc.ca
Why it matters
Jarislowsky used his wealth to donate millions of dollars, establishing dozens of research chairs at Canadian universities. The acquisition of his firm by Scotiabank represents a significant transaction within the Canadian financial sector.
From cbc.ca