Toby Chu doesn't waste any time. The efficient and affable president and CEO of CIBT Education Group Inc. strides into the company's boardroom at the appointed hour, equipped with an armload of brochures, press clippings and analysts' reports. My opening question about his business in China triggers a well-rehearsed five-minute synopsis of CIBT's history, business strategy and growth prospects.
Chu has had ample opportunity to hone his spiel. As an entrepreneur who has seemingly had the inside track on cracking the massive China market, he has recently deli elevator pitch to investors, analysts, prospective business partners and the media – including Maclean's, which featured him in a full-page profile last spring.
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It was 17 years ago that I moved my business address from Bay Street to Burrard Street. In 1991 I left Richardson Greenshields in Toronto to join Phillips, Hager & North Investment Management Ltd. in Vancouver. I am still asked by my eastern friends and clients what it is like working on the Wet Coast. Is it a good place for an asset manager to be?
Lotusland is a great place to manage money. There are trade-offs, but on balance Vancouver managers are in a good position to deliver attractive returns to their clients.
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