UBS Global Asset Management today announced that it has appointed Marcel Larochelle as head of its Canadian business effective July 14.

Based in Toronto, Larochelle will focus on the development and expansion of UBS Global Asset Management’s institutional, wholesale and consultant relationships.

“Marcel is well recognized within Canada’s institutional investment management community and has a broad range of established relationships,” says Kai Sotorp, Head of Americas, UBS Global Asset Management. “With Marcel’s leadership, I am confident we will significantly solidify and expand our Canadian business.”

Larochelle is a Chartered Financial Analyst and has had senior roles with a number of well-established firms, including Mercer Investments, Towers Perrin and Buck Consultants, operating over the years from offices in Boston and Paris as well as Toronto and Montreal.

“UBS is one of the very few global investment management organizations whose Canadian clients can also benefit from the strength of a quality Canadian based investment team,” says Larochelle. “Through its integrated investment platforms, UBS is uniquely positioned to deliver innovative investment solutions by using the diversity, breadth and global scope of its capabilities.”

UBS Global Asset Management is one of the world’s leading asset managers, providing traditional, alternative and real estate investment management solutions to private clients, financial intermediaries and institutional investors worldwide.