Bermuda Commercial Bank (BCB) will have access to investment management services from Canadian firm IceCap Asset Management Ltd after the signing of a global investment advisory agreement.BCB, which is focused solely on commercial, corporate and private wealth individuals, made the announcement yesterday.Under the terms of the agreement, IceCap will provide discretionary investment management services for BCB’s clients.Michael Collier, chairman and managing director of Bermuda Commercial Bank, said IceCap’s product differentiates the bank from its competitors.“IceCap’s approach to portfolio management is unique, cost-effective and easy for our clients to understand,” Mr Collier said.“IceCap’s view of the world is refreshing and we are excited to be partners as we grow our investment management business in Bermuda and elsewhere around the world. We were also attracted to IceCap because of their long-term, deep knowledge of the Bermuda investment market.”IceCap is based in Halifax, Nova Scotia, and claims on its website that through efficiencies including the elimination of a sales function, it is able top offer fees that are 50 percent lower than competitors.Keith Dicker, IceCap’s president and chief investment officer, said: “IceCap is extremely pleased to be working with BCB and we believe that our unique investment approach that includes gold, commodities and currencies as well as stocks and bonds will be attractive to BCB’s clients.”For more information go to the IceCap website at www.icecapassetmanagement.com or the BCB website at www.bcb.bm