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BluMont Capital announces executive changes


Date: Tuesday, January 3, 2006
Author: Advisor.ca

BluMont Capital has separated the roles of president and CEO and appointed a new chairman. Stephen Kangas has stepped into the role of president, taking over from Toreigh Stuart, who continues to serve as BluMont's CEO. No reason was given for the separation of the two positions. According to the firm, Kangas is a leading authority on mutual and hedge funds, bringing with him 10 years of experience in the investment industry with Midland Walwyn (now CIBC Wood Gundy), BMO Nesbitt Burns and TD Canada Trust. He joins the firm after running his own consulting firm which served the investment management community and financial advisors. Thomas Simpson has been installed as the hedge fund firm's new chair. Simpson, who was the executive vice-president for Global Strategy Financial, replaces founding chair David Currie, who is retiring. Simpson is also a director at the University of Toronto Asset Management and was formerly chair of the University of Toronto's Governing Council and a trustee of the Royal Ontario Museum. The appointments were effective as of December 23.