The Quebec Superior Court today recognized the June 29 order of the Ontario Superior Court of Justice (Commercial List) appointing RSM Richter Inc. receiver of the Norshield Group with all the powers provided for in the Ontario order.

The order relates to the following companies: Norshield Asset Management (Canada) Ltd., Norshield Investment Partners Holdings Ltd., Olympus United Funds Holdings Corp., Olympus United Funds Corp., Olympus United Group Inc., and Olympus United Bank and Trust SCC.

This court appointment is the result of the ongoing collaboration by the Ontario Securities Commission and the Autorité des marchés financiers to provide protection to investors and promote the integrity of our capital markets.