North Square Investments’ majority owned affiliate CS McKee is to have a new leader following the firm’s latest acquisition.
North Square co-founder and CEO Mark Goodwin says the firm has completed its acquisition of Foundry Partners, a deal that was announced by InvestmentNews last November and that will add approximately $2.3 billion in assets under management to CS McKee. Foundry Partners will be merged into the firm under the CS McKee brand.
Foundry Partners has operated as an independently owned investment manager since it was founded in 2013 and the merger provides a new chapter not only for the firm but for its president and CEO Timothy Ford, who returns to CS McKee where he started his career.
"As we now integrate Foundry Partners into CS McKee, we are extremely pleased to be maintaining continuity for our clients, with no changes to our investment processes,” Ford said. “We are also delighted to join CS McKee, a highly respected and reputable institutional money manager, and we are very excited about this next chapter of our firm's evolution."
Ford will become CEO of CS McKee as Mark Gensheimer retires after a long tenure at the firm and a long career in the industry including roles at Invesmart and Federated Investors.
"Mark's 44-year career in the investment industry has included over 20 years of experience at CS McKee, most recently as the firm's President for more than 15 years," Goodwin said. "It's been a long and successful journey for Mark, as he led the firm through several turbulent market cycles, as well as the acquisition by North Square Investments in 2020. We are incredibly grateful for Mark's leadership as he built on the firm's long history and track record and positioned CS McKee for future growth, and we congratulate Mark on his well-deserved retirement from the firm.”
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