IIAC VOICES SUPPORT FOR A FRESH SRO
The IIAC encourages and supports CSA efforts to achieve a harmonious transition to a fresh SRO. The fresh SRO should be connected to evolving investor needs with minimal bureaucracy and disruption to the capital markets. A summary of our recommendations is found here. Our full submission is found here.
IIAC Extends a Warm Welcome to Christopher Climo
The Investment Industry Association of Canada (IIAC) is thrilled to announce that Christopher Climo will be our Chief Operating Officer.
Prior to joining the IIAC, Chris has spent 37 years in the financial services industry, specializing in compliance and regulatory issues.
Most recently, Chris was Vice President & Global Head of Capital Markets Compliance and Deputy Chief Compliance Officer at CIBC. While at CIBC, Chris was also a member of the Capital Markets Management Committee, the Capital Markets Operating Committee, the Capital Markets UK Executive Committee, and served on the Board of Directors of CIBC World Markets plc. During his time at CIBC he held the roles of CCO for both CIBC World Markets Inc. and CIBC as a CFTC Swap Dealer, and was Head of Compliance (SMF 16) for CIBC in the UK.
Prior to this, Chris held senior compliance roles at TD including Vice President, Wholesale Banking Compliance & MD and Chief Compliance Officer of TD Securities, and Vice President, Wealth Management Compliance and Chief Compliance Officer at TD Waterhouse Canada.
Previously, Chris was Assistant Vice President & Treasurer at Prudential Bache Securities (Canada) Ltd.
Chris holds a Bachelor of Commerce (Honours) and is a CPA and an FCSI.
Chris’ many years of hands-on, real world industry experience is a tremendous benefit to all IIAC stakeholders.
IIAC Upcoming Events
WEBINAR: MARKET TRANSFORMATION AND THE FUTURE OF TRADING | Monday, September 12, 2022
WEBINAR: GREEN AND TRANSITION BOND TAXONOMY DEVELOPMENTS | Thursday, September 22, 2022
IN PERSON EVENT: CATCH UP WITH THE FORCE OF WEALTHTECH | Wednesday, September 28, 2022
WEBINAR: THEMATIC ETF INVESTMENTS | Monday, October 3, 2022
WEBINAR: CRFs – ENHANCED SUITABILITY: WHAT DOES IT REALLY MEAN? | Wednesday, October 5, 2022
IN PERSON EVENT: DEMYSTIFYING THE DIGITAL ASSET LANDSCAPE – LET’S TALK | Monday, October 17, 2022
IN PERSON EVENT: THE IIAC EXCELLENCE IN LEADERSHIP AWARDS TRIBUTE DINNER/HALL OF FAME INDUCTION CEREMONY | Thursday, October 27, 2022
IN PERSON EVENT: ESG AND TRANSITION BONDS CONFERENCE: ENTERING THE MAINSTREAM | Monday, November 7, 2022
WEBINAR: CFRs – KYC RISK ASSESSMENTS – LESS RISK HAS ITS RISKS TOO | Friday, November 18, 2022
A full list of our upcoming events is available here.
Looking forward to seeing you.
Call for Nomination: 2022 IIAC Top Under 40 Award
The Award recognizes and celebrates the new generation of highly motivated and talented young professionals whose drive, dedication, personal and professional qualities and accomplishments have brought distinction to the investment industry. Call for 2022 nominations closed on Friday, June 3, 2022.
2022 Investment Industry Hall of Fame/Leadership Awards Call for Nominations
The IIAC wishes to pay tribute to leaders in the financial services industry who have made a positive and lasting contribution to:
- The Canadian marketplace, including through innovative new investment products,
services or processes which have increased access to financial services and decreased
costs for Canadian investors.
- The success, continued growth, reputation and integrity of our industry and our broader
industry goals, including diversity and inclusion; sustainability; and philanthropic and community giving.
Recipients will be celebrated at a tribute dinner to be held on October 27, 2022, at the Delta
Hotel, Downtown Toronto.
Nominate today by clicking here! Deadline is May 13.
Live and In-Person Breakfast, Enforcement Trends: Insights from the Regulators, March 31
Join us for an in-person, active and dynamic panel discussion featuring Jeff Kehoe, Enforcement Director, OSC; Charles Corlett, Vice President, Enforcement, IIROC; Charles Toth, Vice President, Enforcement, MFDA; and François Lanthier, Senior Director of Investigations at the AMF. For more information and to register, click here.
The IIAC is pleased to announce that Tim Currie has joined us as Managing Director
Tim has held multiple senior roles in business development and regulatory affairs. Most recently, Tim was a Principal with CanReg Consulting, working with TD Bank on the implementation of the Client Focused Reforms for all of the bank’s wealth management businesses.
Prior to this, Tim was Vice President Regulatory Affairs at CI Investments Inc. where he led CI Investment’s advocacy efforts with all industry stakeholders. In this role, Tim was responsible for the development of a comprehensive regulatory strategy in response to domestic and international regulatory and legislative reforms impacting both investment management and wealth management.
Previously, as Vice President, Policy and Regulatory at CI Investments, he created and implemented processes for evaluating the impact of proposed regulatory and legislative changes on various operating businesses. He also managed the Policy Team at CI Investments, including the Chief Privacy Officer and the Anti-Money Laundering Officer, to ensure compliance with all applicable regulations.
Formerly, Tim was also Director, Special Projects, Regulatory and Policy Matters at Assante Wealth Management where he directed the successful implementation of significant regulatory reforms that required changes to back-office processing, account statements, advisor and client reporting.
We are very happy to welcome Tim to the IIAC team. His knowledge and experience will be an asset to all IIAC stakeholders.
Investment Industry Association of Canada Names New Managing Director
The IIAC is thrilled to welcome Jasmin Jabri to the Investment Industry Association of Canada as our new Managing Director, Investment Management. Jasmin’s career in the financial services industry spans more than three decades. Her executive skills, talents and proficiency in investment management and industry matters at large will be invaluable to the IIAC and our members.
Most recently, Jasmin was Senior Vice President and Head of Compliance at Invesco Canada Ltd. Prior to this, Jasmin held senior roles at CI Investments Inc., Sentry Investments Inc., TD Mutual Funds, TD Waterhouse Canada, Mackenzie Investments, and the Investment Funds Institute of Canada, among others. Jasmin is currently also a Program Director and a member of the faculty of the Osgoode Certificate in Regulatory Compliance and Legal Risk Management for Financial Institutions Program.
The IIAC team very much looks forward to working with Jasmin in its progressive approaches to advance the interests of our members, investors, and the capital markets community at large.
Industry Tax Reporting Season Kick’s Off
January marks the unofficial start of our industry’s tax reporting season. However, the growing scale, complexity and importance of tax reporting have meant that dealer preparations are now a year-round activity. To support members in fulfilling this essential function, the IIAC undertakes various efforts. Learn more by clicking here.
Nominee Broker Onboarding for the New CDIC Portal Starts Soon
CDIC will begin onboarding all Nominee Brokers onto their new Nominee Broker Portal (NB Portal) starting January 31, 2022. This is required in advance of new provisions of the CDIC Act and By-laws that take effect on April 30, 2022. All brokers who hold CDIC eligible deposits in nominee name for clients must comply with these new rules as of the date they take effect. Learn more by clicking here.