Website: mawer.com
Head office address (Canada): Centre 10, 517 – 10th Avenue SW, Suite 600, Calgary, AB T2R 0A8
Year established: 1974
Ownership structure: privately owned, independent; 100% employee-owned, Canadian
Target market/client profile: institutional and individual investors in Canada and the US; private wealth clients with $1 million or more to invest; mutual funds open to all investors
Number of professional staff: over 250
Canadian office locations: Calgary (head office), Toronto
Mawer Investment Management is a Calgary-based, independent investment firm that manages global equity and fixed income strategies. The firm serves pension plans, foundations, family offices, and individual investors through 15 no-load mutual funds. Its AUM totalled about $66.8 billion across institutional and individual client accounts.
Mawer Investment Management was founded in Calgary in 1974 by Charles "Chuck" Mawer, a World War II naval officer turned investment professional. He had run the Calgary office at McLeod Young Weir, a national investment dealer, before going independent at 57.
The firm, then called Mawer & Associates, set out to manage money for pension funds and high-net-worth clients. From the start, it operated under one stated principle: do the right thing.
Mawer Investment Management expanded its fund lineup steadily through the late 1980s and 1990s. The firm launched International Equity in 1987 and added Canadian Small Cap and Canadian Money Market strategies in 1988.
In 2005, Manulife Investment Management chose Mawer to sub-advise a selection of its investment funds. Global Equity joined the roster in 2009 as the firm pushed further into international markets.
Mawer Investment Management opened its Toronto office in 2011 to extend its reach into Eastern Canada. The firm extended advisory services into the US in 2012 and set up a Singapore research presence in 2013.
In 2018, Mawer hired Bank of Nova Scotia to explore its strategic options, including a possible sale. The firm chose to remain fully independent before the year was out.
In 2022, Benefits and Pensions Monitor (BPM) reported on Mawer's expansion of its institutional client management team in Toronto and Calgary. The firm brought on Sylvie Methot and Joel Uncles, both CFA charterholders with senior institutional consulting backgrounds.
Mawer Investment Management launched its Global Credit strategy in 2024 to add an unconstrained fixed income option to its fund lineup. That same year, Kevin Minas, a Mawer institutional portfolio manager, made the case for global credit strategies in a BPM piece.
Mawer offers equity and fixed income strategies for institutional and individual investors, along with private wealth and family office services:
Canadian mid-large cap equity: established domestic company portfolios
Each strategy is available as a no-load mutual fund with no trailing commissions or redemption fees.
As a signatory of the Principles for Responsible Investment, Mawer Investment Management incorporates material ESG factors into its investment decisions.
Bruce Geddes joined Mawer Investment Management as CEO in 2025, with over 30 years in capital markets and investment management. Geddes previously led PH&N Canadian Institutional at RBC Global Asset Management and held senior roles at TD Asset Management. He studied finance at Carleton University and is a CFA charterholder.
In February 2026, Eric Wetlaufer began serving as interim CEO while Geddes took a leave of absence.
Geddes' management team at Mawer includes:
Craig Senyk, CFA, ICD.D, chairs Mawer Investment Management's board of directors. Other members include:
The board oversees strategy, risk management, and governance across the firm. Most board directors also work as active portfolio managers at Mawer Investment Management, in keeping with its employee-ownership structure.
Mawer serves institutional and individual investors in Canada and the US. On the institutional side, the firm works with:
Individual clients include high-net-worth households served through private wealth services and retail investors through its mutual fund lineup.
The firm's institutional team covers defined benefit and defined contribution pension plans, foundations, and not-for-profit organizations. Service is delivered from offices in Calgary and Toronto, with research support from Singapore.
Mawer Investment Management also distributes its strategies directly, with no trailing commissions or sales charges across its fund lineup.
Mawer Investment Management publishes investment content through "The Art of Boring", its branded platform for institutional and individual investors.
The platform covers long-term investment strategies, market frameworks, and portfolio insights through written pieces and a podcast series. Quarterly updates, discussion papers, and blog articles are also available for DC pension plan clients and plan sponsors.
Mawer Investment Management appears in these BPM directories:
Mawer Investment Management has earned national workplace recognition in recent years. Its portfolio managers have also contributed to industry discussions through BPM and Wealth Professional.
In 2024, Mawer Investment Management's Kevin Minas spoke to BPM about inflation's impact on pension fund strategy. That piece is one example of the firm's investment team contributing to conversations that matter to Canadian plan sponsors.
Jeff Mo and Manar Hassan-Agha, both Mawer portfolio managers, joined Wealth Professional for a roundtable on long-term investing that same year. The discussion centred on how a disciplined, steady approach can help investors avoid costly mistakes during market swings.
In 2025, Brian Carney, a Mawer portfolio manager, warned BPM readers about complacency in the credit market. He pointed to tight spreads and rapid private credit growth as warning signs for institutional investors.
On the community side, Mawer Investment Management says it donated more than $2.5 million to over 200 organizations in 2024. The firm matches employee contributions up to $3,000 annually and sponsors Community Foundations of Canada, which represents 208 foundations across the country.
Portfolio manager at Mawer Investment Management outlines the opportunities and dangers in this 'expensive' market
The risk of structurally higher inflation should prompt DC plans to consider liquid alternative credit strategies
Institutional portfolio manager explains the risks and avenues for return presented by a higher inflation economy
