The family’s holding company, Wittington Investments Ltd., is looking at new opportunities in innovative parts of the global economy
, which uses artificial intelligence to help pharmaceutical companies promote drugs to health care practitioners.
Wittington has effectively shifted from one luxury to another: The ability to hire senior investment professionals from Canada’s pension-fund giants to launch alternative private-capital programs. That gives the Westons the ability and capacity to embark on investing strategies that only Canada’s largest institutional investors can afford to support.
Wittington invested in health technology startup League Inc. in 2018 and backed the first, US$350-million fund, from Radical Ventures, a Canadian AI-focused venture capital firm. GWL invested in a consumer products-oriented venture capital fund led byBut Wittington has stepped up its move into innovative areas of the economy since the passing of W. Galen Weston in April, 2021. The family holding company– which the elder Mr.
former chair of corporate law with Torys LLP, to succeed long-time family lieutenant Pavi Binning as president of Wittington on Jan. 1, 2022. Loblaw in April said Mr. Weston plans to step back from day-to-day operations as it announced the hiring of European retail executive Per Bank as president and CEO.
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