June 3, 2015, New York. Asset International, Inc. (AI), a leading provider of data, information and marketing solutions to the global asset management industry, and parent of Investor Economics, announced today that following an illustrious career, which included establishing and leading Investor Economics to become Canada’s premier provider of research, data and consulting services for the financial services industry, Earl Bederman has decided to retire effective July 1st. Goshka Folda, Senior Managing Director, will assume Earl’s responsibilities as President and CEO of Investor Economics.
“Goshka has been an essential component of Investor Economics’ growth and success since its inception more than 23 years ago. She is widely recognized as a thought leader in the Canadian wealth management business and her expertise and opinion are widely sought after by clients and industry leaders” expressed Mr. Bederman. More recently, Ms. Folda has taken a significant leadership role in internal management and the strategic direction of Investor Economics’ business. “She brings passion, energy, high intellect and integrity to everything she does. Investor Economics will continue to flourish under her leadership,” said AI’s Chairman and CEO Jim Casella.
Mr. Bederman founded Investor Economics in 1992. By this time he had already been a pioneer in Canada’s wealth management business, having led a deposit-taker-owned mutual fund company, an asset manager and a strategic planning unit of a major deposit-taking institution. In addition to leading Investor Economics, Mr. Bederman is also a well-known commentator and objective observer of complex business issues, and a trusted confidante of industry executives across Canada. His career responsibilities and accumulated expertise encompass economic analysis and forecasting, retail and institutional asset management and consulting. Mr. Bederman was also a lecturer in financial management in the faculty of Administrative Studies at York University. In his retirement, Mr. Bederman will continue to be involved as a valued adviser to the financial services industry in Canada.
“Earl had a long-held belief that Canada’s financial services industry needed an organization to conduct fact-based measurement, competitive intelligence and insightful trend analysis. This belief led to the formation of Investor Economics in 1992. The Investor Economics team will proudly carry on Earl’s legacy of excellence and industry insight,” said Ms. Folda.
As part of the management transition, Carlos Cardone will be promoted to Senior Managing Director. Since joining Investor Economics in 2004, Mr. Cardone has progressively assumed more responsibility at the firm. A sought-after industry expert and popular speaker at client and industry conferences, Mr. Cardone leads a team responsible for Investor Economics’ investment funds, deposits and household balance sheet research.
# # #
About Asset International
Asset International (AI) provides critical data, business intelligence, and information services to the global investment management industry. AI delivers proprietary data and analytics, as well as marketing solutions that target global asset managers. The Company’s client base includes over 500 of the most prominent names in the asset management industry. Its recognized data brands include Strategic Insight, Investor Economics, Plan for Life, LiquidMetrix and Financial Webworks. AI’s portfolio of marketing solutions includes brands such as PLANSPONSOR, PLANADVISER, Chief Investment Officer, Global Custodian, and The Trade. The company is headquartered in New York and has offices in London, Stamford, CT, Hong Kong, Melbourne, Boston, Toronto, Munich and the San Francisco Bay Area. AI is backed by Genstar Capital. For more information, visit: www.assetinternational.com.
About Genstar Capital
Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high quality companies for more than 20 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of operating executives and strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar manages funds with total capital commitments of over $3 billion and targets investments focused on selected sectors within the financial services, software, industrial technology, and healthcare industries.
For More Information: