Tony Elavia has been named chief investment officer and executive vice president of Mackenzie Investments, the company has announced.
Elavia replaces Bob Tattersall, who recently retired after having acted as interim CIO at Mackenzie since mid-2010.
Elavia, whose appointment is effective March 5, 2012, has 25 years of industry experience. He possesses a broad, deep investment management background for both retail and institutional clients in the U.S. and Canada. His key areas of expertise include growth equity management, asset allocation and quantitative modeling.
“Tony’s extensive investment career and his experience managing both money and investment teams make him a tremendous fit for the CIO role,” said Charles Sims, president and CEO.
Elavia has previously held progressively senior positions, including CIO and CEO at a U.S.-based insurance company subsidiary, and leadership roles at three asset management firms in the U.S., including Putnam Investments from 1999 to 2004.
While at Putnam, Elavia co-managed three funds with total assets exceeding US$25 billion. In addition, he hired and managed a team of 25 investment professionals.
“We conducted an exhaustive global search and interviewed many outstanding candidates,” said Sims. “On the strength of his extensive investment management experience, proven leadership skills, broad international exposure and educational qualifications, Tony embodies the qualities we value most for this role leading our talented investment teams at Mackenzie Investments.”
Elavia earned his PhD in Economics from the University of Houston and an MA in Economics from the University of Baroda in India.