Beutel Goodman Launches Long Term Corporate Bond Strategy (opens in a new tab)
New long-duration corporate bond strategy benchmarked to the FTSE Canada Long Term Corporate Bond Index has attracted over C$200 million.
Investment Management
Employee-majority-owned Toronto value manager running Canadian, global and fixed-income mandates.
Beutel Goodman is one of Canada's largest independent investment managers, founded in Montreal in 1967 by Austin Beutel and Ned Goodman and now run from a single Toronto office. It manages bottom-up, value-oriented Canadian equity, global equity, fixed income and balanced mandates for pension plans, institutions, private clients and retail mutual fund investors. Employees own 51% of the firm and Affiliated Managers Group indirectly owns a 49% minority stake; the firm says it operates independently of AMG. For candidates it is a compact Toronto buy-side shop with research, portfolio management, client service and private client roles, and no advertised student program.
0 open roles1 deals6 people9 sources
Concentrated, bottom-up value portfolios of Canadian stocks, including small cap and dividend strategies.
U.S., international and global equity strategies run by a separate global equities team.
More than C$12 billion across government, provincial, securitized, corporate and high-yield bonds; added a Long Term Corporate Bond Strategy in 2026.
Manages and services pension, endowment and other institutional mandates, including a dedicated Indigenous client service team.
Serves high-net-worth families directly (expanded by the 2024 Martin, Lucas & Seagram acquisition) and distributes mutual funds and SMAs through advisors across Canada.
| Toronto | ON | headquarters |
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The firm’s investment philosophy is published and almost no candidate reads it. Quoting a manager’s own stated criteria back to them, with one company you applied it to, beats any structural reason here. Say which part you agree with and, if you can defend it, one part you would push on.
Disciplined value with an explicit sell discipline, which is unusual: most managers publish a buy process and stay vague on selling.
Institutional focus means long-horizon relationships.
Independent and employee-owned.
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Managing Director, Head of Canadian Equities
Management Committee / Canadian Equities
Joined in 1993; portfolio manager with research coverage of small cap, technology, consumer discretionary and energy. Queen's graduate and CFA charterholder; member of the Management Committee.
Managing Director, Head of Fixed Income
Management Committee / Fixed Income
Joined in 2016 from Fiera Capital, where he was a senior portfolio manager; leads the fixed income team and its duration and risk positioning. Joined the Management Committee in July 2025. Concordia BCom, McGill MBA, CFA.
Managing Director, Head of Global Equities
Management Committee / Global Equities
Joined in 2013; portfolio manager and analyst for U.S. and global equities. Previously a portfolio manager at CI Investments and KBSH Capital Management. York graduate, CFA.
Managing Director, Head of Finance and Administration
Management Committee
Joined in 2012 from PwC and oversees corporate finance, fund accounting, portfolio administration and HR; on the Management Committee since 2022. Laurier graduate, CPA, CA.
Managing Director, Head of Institutional
Management Committee / Institutional Client Service
Joined in 2024 to lead institutional client service and business development, after serving as EVP and Head of Distribution at Foyston, Gordon and Payne; promoted to Managing Director and the Management Committee in July 2025. McGill graduate, CFA.
Managing Director, Head of Private Client Group
Management Committee / Private Client Group
Joined in 2016; previously portfolio manager, Co-CEO and CIO at Natixis Global Asset Management Canada, with earlier years at Canada Trust and TD Private Investment Counsel. Western and SFU graduate, CFA.
Professional information only, drawn from official biographies and published reporting. BSO never lists private contact details.
Jul 2, 2025
Derek BrownPromotion
Managing Director, Fixed Income; Management Committee member
Beutel Goodman → Beutel Goodman
Promoted to Managing Director and appointed to the Management Committee.
Jul 2, 2025
Kimberley WoolvertonPromotion
Managing Director, Head of Institutional; Management Committee member
Beutel Goodman → Beutel Goodman
Promoted to Managing Director and appointed to the Management Committee about a year after joining from Foyston, Gordon and Payne.
Jan 31, 2024
Pat PalozziRetirement
Beutel Goodman → —
Retired after almost two decades; Vim Thasan became co-lead PM of the Canadian equity strategies alongside James Black.
Aug 2, 2024
Martin, Lucas & Seagram
Acquirer · Investment counselling / private wealth
Buyer Beutel, Goodman & Company Ltd.
Acquired a Toronto investment counsel firm founded in 1952 with close to C$1 billion in AUM, serving high-net-worth families and endowment and charitable fund trustees; MLS continues to operate under its president, David Edmison. Price not disclosed.
New long-duration corporate bond strategy benchmarked to the FTSE Canada Long Term Corporate Bond Index has attracted over C$200 million.
Derek Brown and Kimberley Woolverton join the Management Committee as Managing Directors.
Two promotions to Managing Director and the Management Committee, effective July 2, 2025.
Adds a near-C$1 billion private wealth counsel business to the Private Client Group.
Canadian equities PM retires; Vim Thasan and James Black co-lead the Canadian equity strategies.
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Beutel Goodman · Sep 15, 2026 · beutelgoodman.com
Beutel Goodman · Jun 12, 2025 · beutelgoodman.com
Beutel Goodman · Aug 2, 2024 · beutelgoodman.com
Beutel Goodman · Jan 31, 2024 · beutelgoodman.com
Beutel Goodman · Date unavailable · beutelgoodman.com
Beutel Goodman · Date unavailable · beutelgoodman.com
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Beutel Goodman · Date unavailable · beutelgoodman.com
Bay Street Oracle · Oct 8, 2026 · intelligence.baystreetoracle.ca
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