Paying Tribute to Excellence in
Canada’s Investment Industry

The IIAC Investment Industry
Hall of Fame Inductees

/  2017

 
 
PosthumousPosthumous
 

CatherineDelaney

Catherine (Kiki) Delaney
 

NedGoodman

 

Ned Goodman
 

StephenJarislowsky

 

Stephen Jarislowsky
 

WilliamWilder

 

William (Bill) Wilder
 

JohnBunting

 

John Pearce Bunting
 

PeterCundill

 

Peter Cundill
 

About the IIAC Investment
Industry Hall of Fame

 

The IIAC Investment Industry Hall of Fame provides a platform to pay tribute to the talent and integrity of professionals in Canada’s investment industry. These individuals are being recognized for their outstanding achievement in their professional and personal lives. They have given much to the investment industry and capital markets, and given back much to their communities and to Canada It is fitting that these highly accomplished trailblazers join the distinguished list of past Inductees who have set such a high standard of excellence, innovation and social responsibility.

- Ian Russell, IIAC President and CEO

 

IIAC Investment Industry Hall of Fame

The IIAC Investment Industry Hall of Fame honours excellence, integrity and leadership in Canada’s investment industry. Rex-MurphyThe 2017 Inductees will be enshrined at a Gala Dinner on Thursday, October 26, 2017 (reception at 5:30p.m., Induction Ceremony & Gala Dinner at 6:30p.m.) at the Delta Toronto hotel. Broadcaster and author Rex Murphy will serve as the Master of Ceremonies for the Induction Ceremony.

To purchase seats or tables, please click here.

 

The Selection Committee

The Inductees were chosen by members of the IIAC Hall of Fame Selection Committee, a group of distinguished Canadians who work, or have worked, in politics, the law, academia, business and the investment industry. Members of the IIAC Investment Industry Hall of Fame Selection Committee are (right):

To request complete biographies for members of the Selection Committee, please click here.

 

Margaret Franklin, CFA (Selection Committee Chair)
President, BNY Mellon, Wealth Management Advisory Services
Toronto, ON
 
Chris Collingwood
Chairman and CEO
Baine Johnston Corporation
St. John's, NL
Jean Martel, Ad. E.
Partner
Lavery, de Billy LLP
Montreal, QC
 
Dr. J. Colin Dodds
President Emeritus, Professor of Finance
Saint Mary’s University
Halifax, NS
Sue Lemon, CFA
CEO
CFA Society Toronto
Toronto, ON

 
Monique Jérôme-Forget, C.M., O.Q., PhD.
Special Advisor
Osler, Hoskin & Harcourt LLP
Montreal, QC
Donald K. Johnson, O.C., LL.D.
Member, Advisory Board
BMO Capital Markets
Toronto, ON
 
Lynn Patterson, CFA, ICD.D 
Deputy Governor
Bank of Canada
Toronto, ON
 

2017 Inductee Biographies

BrianAune

Catherine (Kiki) Delaney
Founder and President, Delaney Capital Management Ltd.

Kiki Delaney is President of Delaney Capital Management Ltd., the investment counselling firm that she founded in October 1992. Delaney Capital Management is one of the leading investment counselling firms in Canada and one of the most recognized in capital markets in this country.

Born and raised in Winnipeg, Kiki received her Bachelor of Arts degree from the University of Manitoba and her Chartered Financial Analyst designation. Kiki’s investment career began at Merrill Lynch & Co. Inc. in Winnipeg. After joining Guardian Capital Investment Group Limited in Toronto, Kiki progressed from Research Assistant to Analyst to Portfolio Manager to Executive Vice President. Immediately prior to Delaney Capital, Kiki was a Partner and Executive Vice President at Gluskin Sheff & Associates Inc.

Kiki is Chancellor Emeritus of OCAD University. In addition, she serves on the Board of Trustees of the Hospital for Sick Children, is a member of the Leadership Council of the Perimeter Institute for Theoretical Physics. As well, she serves on the Investment Committee of the Canada Council for the Arts.

A past director of the CFA Society Toronto, Kiki is also a past president of The Ticker Club and its second female president. She is a former board member of numerous not-for-profit organizations including the Art Gallery of Ontario, Arts for Children, Canadian Women’s Foundation, Council for Business and the Arts, Institute for Research on Public Policy, Jewish Foundation of Greater Toronto, National Arts Centre Foundation, National Ballet of Canada, and a former chair of the National Ballet School.

In 2004, the Israel Cancer Research Fund honoured Kiki as a Woman of Action. In 2006, Kiki was appointed a Member of the Order of Canada and was designated Businesswoman of the Year by Consumers Choice. She received the 2007 YWCA Woman of Distinction Award for Corporate Leadership. In 2009, she was named one of Canada’s Top 100 Most Powerful Women. She was awarded honorary degrees from the University of Manitoba in 2011, OCAD University in 2012, and Mount Saint Vincent University, in Halifax, in 2014. In 2016, Kiki received the Edmund C. Bovey Award from Business for the Arts in recognition for her lifetime support of Canadian arts and culture.

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NedGoodman

Ned Goodman
Co-founder Beutel, Goodman & Company; Founder, Dundee Corporation

Ned Goodman has made many contributions to Canada’s mining, real estate and financial services industries. He has been a company builder, merchant banker and investment advisor during a career spanning over fifty years. He applied his geological training and business acumen to help build several successful mining companies – notably International Corona and Kinross Gold – and nurtured many other mineral producing companies through astute and timely investments.

Mr. Goodman, along with his partners, founded the first exploration flow-through partnership, CMP Group, which has raised almost $5 billion since the 1980s to develop mining and petroleum companies, generating jobs and other benefits for rural and northern economies in Canada.

In 1967, Mr. Goodman and his business partner, Austin Beutel, established Beutel, Goodman & Company Ltd. which has grown to over $15 billion of assets under management today. In 1991, Mr. Goodman left Beutel Goodman to start Dundee Corporation which became the home of Dynamic Funds, DundeeWealth Inc. and Dundee Realty (now DREAM). Collectively these companies grew to oversee over $100 billion of third party assets.

In 2012, Brock University’s business faculty was renamed the Goodman School of Business in recognition of a transformational gift made to the school by the Goodman Foundation. The generous donation provided key capital for an ambitious $22 million expansion and reconstruction of the Goodman School facility.

Mr. Goodman served as Chancellor of Brock University and founded the Goodman School of Mines at Laurentian University as well as the Goodman Institute of Investment Management at Concordia’s John Molson School of Business.

Mr. Goodman was awarded the Order of Canada “for his contributions to Canada’s investment industry and for his philanthropic support for higher education, culture and health care”. He was named PDAC’s Developer of the Year in 1989, the Ernst & Young Entrepreneur of the Year for Ontario in 2004 and earned the Morningstar Investment Career Achievement Award in 2005. In January 2012, he was inducted into the Canadian Mining Hall of Fame and in October 2012 the Fraser Institute awarded him the T. Patrick Boyle Founder’s Award.

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StephenJarislowsky

Stephen Jarislowsky
Founder and Chairman Emeritus, Jarislowsky, Fraser Limited

Stephen Jarislowsky founded Jarislowsky, Fraser Limited in June of 1955 in Montreal. Now Chairman Emeritus and a member of the firm's Board of Directors, he has for more than 60 years directed the growth of the company to become one of the largest and most successful investment management firms in Canada, with more than $40 billion in assets under management.

He is a Companion of the Order of Canada, a Grand Officier de L’Ordre National du Québec, and holds Honorary LL.Ds from Queens University, University of Alberta, l’Université de Montréal, McMaster University, Concordia University, Assumption University, l’Université Laval, University of Ottawa, Simon Fraser University, McGill University and l’Université de Québec.

Past directorships include SNC-Lavalin, Canadian Marconi, Abitibi Consolidated, Southam, Unimedia, The Daily Telegraph (UK), Didier Refractories, Swiss Bank Corporation, Canon Canada, Velan Inc., Canfor (formerly Slocan) and former Chairman of Goodfellow Inc.

He is the co-founder and director of the Canadian Coalition for Good Governance, as well as the Institut sur la gouvernance d’organisations privées et publiques and has endowed four University Chairs for Corporate Governance. He holds the International Entrepreneur Award from the University of Manitoba, Corporate Director Lifelong Achievement Award, Fellow of the Institute of Corporate Directors and has been inducted into the Canadian Business Hall of Fame.

Mr. Jarislowsky has been active in educational, cultural and charitable activities of many kinds; has endowed more than twenty-three University Chairs and contributes frequently to television, radio, magazines and newspapers. He is also the author of “The Investment Zoo”, which was published in 2005.

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WilliamWilder

William (Bill) Wilder
Former President, Wood Gundy Inc.

William (Bill) Wilder is a retired chief executive of Wood Gundy, one of Canada’s most prestigious securities firms. He has also served as a director of several prominent public companies, and as CEO and deputy chairman of Consumers Gas, Canada’s largest natural-gas utility at the time.

As a philanthropist, Mr. Wilder is among the biggest individual donors to Upper Canada College, where the hockey arena is named in his honour. Harvard University has named a building after him in recognition of his support, including a program that assists Canadian students at the Harvard Business School.

Mr. Wilder was born in Toronto in 1922. His studies at McGill University were interrupted by the Second World War. He was seconded to the Royal Navy in 1942 and saw action as an officer in the destroyer HMS Whitshed.

On his return from active service and graduation from McGill, Mr. Wilder joined Wood Gundy as a bond salesman. He enrolled at the Harvard Business School in 1948, graduating with an MBA in 1950. He returned to Wood Gundy and quickly moved up the ranks, becoming executive vice-president at the age of 38 in 1961, and president six years later. Mr. Wilder was president and chief executive of Wood Gundy from 1967 to 1972. He retired from Wood Gundy in 1972 to head the Canadian Arctic Gas consortium, a group of leading energy companies that planned to build a natural gas pipeline from the north slope of Alaska and the Mackenzie Delta to the eastern market in North America.

Mr. Wilder joined Consumers Gas as President in 1978, which subsequently was taken over by Hiram Walker in 1980. He retired from Hiram Walker as Deputy Chairman of Consumers Gas in 1988.

Mr. Wilder was a director of Noranda Inc., John Labatt Limited, Canada Life Assurance Company, Royal Bank of Canada, Simpsons, Simpsons-Sears and Trans Canada Pipelines. He served on the Board of Governors of McGill University from l972-76.

Mr. Wilder has devoted himself to a broad spectrum of activities since his retirement. He was chairman and part-owner of Creemore Springs Brewery Limited. He served on the board of Toronto’s Hospital for Sick Children for 16 years and chaired the corporate division of the United Way. He is also an active member and honorary trustee of Timothy Eaton Memorial Church in Toronto.

In 2017, Mr. Wilder was appointed to the Order of Canada in recognition of his leadership in the business community and for his philanthropic contributions in support of higher education and conservation initiatives.

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Posthumous Inductees


JohnBunting

John Pearce Bunting
1929 - 2017
Former President and CEO, Toronto Stock Exchange

Mr. Bunting attended McGill University and earned a Bachelor of Commerce in 1952. After a brief training period at McLeod, Young, Weir, Mr. Bunting joined his family’s retail brokerage business, Alfred Bunting & Company. As President and CEO, he transitioned the firm to a predominantly "institutional boutique”. He became deeply involved in Toronto Stock Exchange (TSE) Committee work and, in 1977, was named President and Chief Executive Officer of the TSE—the role he held until his retirement in 1994.

Among the many highlights of his distinguished career in the Canadian financial services industry, Mr. Bunting holds the distinction of being the longest-serving President and CEO in TSE history. During his tenure, Mr. Bunting was a true visionary and marketplace innovator, leading the TSE to defining, historic achievements, including becoming the first exchange in the world to offer fully-automated trading with the launch of the Computer Assisted Trading System, or CATS, in 1977, and the development of the world's first exchange traded fund, or ETF, in 1990. The innovative CATS system went on to be licensed or adapted by exchanges around the world, including those in Paris, Brussels, Madrid, Sao Paolo, Copenhagen, Sydney and Vancouver, and was in use until 2001.

Mr. Bunting also served as the President of the International Federation of Stock Exchanges from 1983-84. In 1984, he founded the International Capital Markets Group, which coordinated research studies on international securities trading by the International Federation of Stock Exchanges, the International Bar Association and the International Association of Accountants. His leadership of the International Federation of Stock Exchanges brought the TSE significant international profile and prestige.

Mr. Bunting’s charitable and community involvement in his lifetime included serving as Trustee, Appleby College Foundation; Board Member and Chair, Appleby College; Board Member, National Ballet of Canada; President, North Toronto YMCA; Director and Chair, St. John’s Rehabilitation Hospital; President, University Club of Toronto; and President, St. Patrick’s Benevolent Society of Toronto.

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PeterCundill

Peter Cundill
1938 - 2011
Founder, Peter Cundill & Associates Ltd.; Founder, Cundill Value Fund

Francis Peter Cundill was born in Montreal on 29 October 1938. He graduated from McGill University with a Bachelor of Commerce degree in 1960, became a Chartered Accountant in 1963 and a Chartered Financial Analyst in 1968. After several years as a senior executive of the Yorkshire Trust Group in Vancouver, he acquired control in 1975 of a small, failing mutual fund, The All Canadian Fund. This was later renamed The Cundill Value Fund.

He proceeded to transform the old fund by adopting the strict value investment style propounded by Professor Benjamin Graham. This produced a compound annual return of 13.2 per cent over 35 years and saw the assets managed by Peter Cundill and Associates increase from $7 million to just under $20 billion. He was a noted innovator in the deep value investment sphere who continued to refine this approach throughout his career. He characterized himself as an investor who invariably concentrated on trying to “buy a dollar for 50 cents” by identifying the precise margin of safety in every security acquired. He possessed an absolute passion for detailed analysis.

He was an inveterate globetrotter, both out of curiosity and a taste for exploration and because his investment outlook was completely international. His adage was “I don't care what a company does or where it does it as long as it meets my criteria”. This attitude earned him the soubriquet of “the Indiana Jones of the investment world” and he was described admiringly by Barron's, the leading American financial weekly, as “the bravest of the value investors.”

Peter earned many distinctions in his lifetime. In 1994, he was included in The Financial Times Global Guide to Investing, in which he was given his own nomenclature, “The Patient Purist”, under a chapter entitled “Learning from Living Legends”. In 2001, he was awarded The Analysts' Choice Career Achievement Award as” the greatest mutual fund manager of all time”. He received a Fellowship from the Institute of Chartered Accountants in 2004 and was named a Lifetime Trustee of The Aspen Institute in 2006.

For Peter, maintaining a very high level of physical fitness was integral to the discipline and mental agility required to keep him at the top of his game professionally. He encouraged the same spirit among colleagues and friends with initiatives such as the annual Cundill Fitness Challenge.

He also established The Cundill Prize in Historical Literature at McGill University, which is by a considerable margin the largest of its kind in the world.

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