Hub International announced Nov. 5 that it has acquired Proteus Performance Management Inc.

Based in Toronto, Proteus offers specialized pension plan governance and investment consulting to corporate plan sponsors, not-for-profit organizations, trusteed plans, public plans, foundations and endowments. Terms of the transaction were not disclosed.

Governance and investment consulting

“Proteus is considered among the leaders in the field of governance and investment consulting, and prides itself in providing trusted advice to clients,” said Gregory Belton, Executive Chairman of Hub Ontario. “They have a talented team whose experience will bring a unique perspective to our already strong pension consulting capabilities.”

Hub says this acquisition is aligned with its strategy to “assemble best-in-class capabilities and entrepreneurial talent across Canada to develop a complete employee benefits and pension solution.”

Peter Henry, President of Proteus, and Senior Vice Presidents Gord Lewis and Ryan Kuruliak, will join Hub Ontario.

Read more about Hub’s employee benefits strategy in the October 2018 edition of the Insurance Journal.