BluMont Capital Inc. named Steve Kangas as CEO, effective immediately. Kangas has been with BluMont since January 2004 and was appointed president in December 2005.

Kangas (MBA, CA, CFA, CAIA) is widely regarded as one of Canada’s leading authorities on mutual and hedge funds. He has over 15 years experience in the financial services and investment industries, having been an executive at Midland Walwyn (now CIBC Wood Gundy), BMO Nesbitt Burns and TD Canada Trust. Prior to joining BluMont, Kangas ran his own consulting firm offering his expertise to investment management firms and financial advisors.

Tom Simpson, chairman of the Board said “On behalf of BluMont’s board of directors and its employees, I would like to extend our congratulations to Steve on this appointment. Steve’s tremendous efforts have contributed to BluMont becoming a leading provider of alternative investments in Canada and I am confident that under Steve’s leadership BluMont will continue to be successful as an innovator in the industry.”

BluMont is a leading provider of alternative investment products to Canadian investors.