Money Management

William Blair hires director to lead Canadian business

Jason R. Stefanelli was named director, Canada at William Blair, part of efforts to expand the money manager's presence in the country, confirmed spokesman Tony Zimmer in an email Thursday.

The position is new and Mr. Stefanelli will lead the Canadian business. William Blair had assets under management of $73.9 billion as of Sept. 30, of which around $2.1 billion is from Canadian investors.

Mr. Stefanelli had previously worked as director, pensions and global business development at Cambridge Associates. Cambridge officials were not immediately available for comment on whether Mr. Stefanelli had been replaced.