Jovian Capital Corp. has acquired control of Charterhouse PSI Management Corp. by taking up the balance of the shares of Charterhouse Holding Corp. not already held by Jovian.

Jovian acquired its original minority stake in Charterhouse Holding in September 2004. Charterhouse is the manager of Charterhouse Preferred Share Index Corp. (PSI) and Charterhouse PSI Investment Corp. (IndexCo).

Philip Armstrong, CEO of Jovian said “We are pleased to complete the acquisition of Charterhouse. It is consistent with our goal of expanding our presence in the exchange traded structured product market.” A wholly owned subsidiary of Jovian, Jove Investment Management Inc., already acts as the index administrator for IndexCo.

Peter Rizakos, one of the founders of Charterhouse and the outgoing CEO of PSI and IndexCo, said “this transaction makes a lot of sense for PSI shareholders. Jovian has been involved with PSI since day one with its initial investment in Holding and subsequently through Jove as the index administrator for IndexCo. While the day-to-day operations of PSI and IndexCo will not change, PSI is now part of the more substantial group of Jovian companies.”

The Jovian group of companies operates as a national financial services organization with approximately $11.8 billion of client assets.

Charterhouse is pleased to announce the appointment of Kevin Beatson as CEO and Jason Mackey as CFO, effective immediately. Beatson is the CEO of Felcom Data Services Inc., a fund administrator and wholly-owned subsidiary of Jovian. Mackey is the CFO of Jovian.