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Canadian Network of Asset Managers and the Institute of Asset Management sign partnership agreement

Burnaby, BC -- The Canadian Network of Asset Managers (CNAM) has signed a formal partnership agreement with the UK-based Institute of Asset Management (IAM). The two associations share a mutual interest in the development of national and...


Burnaby, BC — The Canadian Network of Asset Managers (CNAM) has signed a formal partnership agreement with the UK-based Institute of Asset Management (IAM). The two associations share a mutual interest in the development of national and international best practices, competencies and qualifications for the practice of infrastructure asset management.

“CNAM and the IAM are excited about the opportunities to leverage each other’s strengths for both short- and long-term growth and to offer additional member value,” said CNAM chairman Steve Wyton, P.Eng, MBA. “CNAM wants to grow our knowledge base and promote asset management within Canada. We recognize that the IAM is also a leading asset management organization with similar interests and this agreement simply makes sense.”

There are several short-term benefits to both parties. CNAM is a young association looking to continue growing its membership base by demonstrating additional value, whereas the IAM has many best practices already in place. On the other hand, the IAM has expressed interest in developing formal ties to an organization within Canada, whereas CNAM has developed a strong network of municipal asset management practitioners from across the country, including a national workshop and practices targeted for municipalities.

“In the longer term, the IAM and CNAM are looking forward to starting to formalize international practice standards, and qualifications which may be applied in the UK and Canada,” adds David McKeown, chief executive of the IAM.

CNAM is a non-profit association established in 2009 as a national leader in Canada for municipal infrastructure asset management (MIAM). It is a recognized source of knowledge, promotes innovation and collaboration, and provides a common voice to facilitate action. For more information, visit http://www.cnam.ca or contact Steve Wyton at chairchair@cnam.ca.

The IAM is a not-for-profit membership organization located in the UK that exists to advance for the public benefit the science and practice of asset management. Its priorities are to promote and enable the generation and application of knowledge, training and good practice, and to help individuals become demonstrably competent. For more information, visit http://www.theiam.org or contact David McKeown at david.mckeown@theiam.org.