IIAC Blog

March 24, 2020 by Ian Russell

Essential Services status for investment industry, provinces of Ontario and Quebec, British Columbia

• The Government of Quebec has confirmed that investment dealers are included in essential services.

• The Government of Ontario has confirmed that investment dealers are included in essential services.

This status gives firms the ability to access their facilities, and to continue to serve their clients. However, it does not mandate personnel to be on-site. The IIAC is continuing operations with staff working from home, and visits to the office carried out only as strictly necessary.

The essential services lists for both provinces can be found at the links below.

Ontario: https://www.ontario.ca/page/list-essential-workplaces

Quebec: https://www.quebec.ca/en/health/health-issues/a-z/2019-coronavirus/essential-services-commercial-activities-covid19/          

IIROC’s communication regarding Ontario essential services can be found at the link below, including confirmation that the “capital markets” item in the essential services list published covers the operations of IIROC-member investment dealers. Investment dealers in Quebec have received a similar carve-out as an essential service.

https://www.iiroc.ca/Pages/default.aspx

*Update: March 27, 2020

The B.C. government has declared capital markets, including the British Columbia Securities Commission (BCSC), to be essential services during the COVID-19 pandemic. For more information see link below:

https://www2.gov.bc.ca/gov/content/safety/emergency-preparedness-response-recovery/covid-19-provincial-support/essential-services-covid-19

We hope all our members are safe and well.

Ian C. W. Russell, FCSI

President and CEO

January 30, 2020 by Ian Russell

Structural change in investment industry will break loose this coming year as competitive conditions intensify

My latest President’s Letter describes the difficulties for small and mid-sized dealers to access external capital to build operating scale to compete in the retail marketplace. The impending changes toward regulatory consolidation, such as SRO amalgamation, and related significant cost-savings, will place even more competitive pressures on small firms. Regulators need to redouble efforts to focus on proportionate regulation and “scalability” versions of core regulations.

You can click here to read my Letter.

November 28, 2019 by Ian Russell

IIAC Securities Industry & Capital Markets Chartbook 2009-2018

The Investment Industry Association of Canada (IIAC) is pleased to provide this Chartbook illustrating the major trends shaping Canada’s securities industry and capital markets over the past decade.

Through the financial crisis industry performance suffered as investment dealers succumbed to market headwinds and unfavourable business conditions. The result was a significant restructuring of Canada’s securities industry marked by dealer consolidation, reduced employment and changes to dealer business models.

However, the industry has proven resilient, not only regaining lost ground but achieving new heights on many notable fronts.

The IIAC Chartbook illustrations reveal that the industry has played a pivotal role in expanding Canadian financial markets over the past decade and supporting the growing capital needs of the country’s governments and businesses – essential building blocks for a prosperous economy. With more than $2.5 trillion in client assets under management the industry has become a key channel for accumulating and growing investor savings.

Changing demographics, new regulations, market and macroeconomic uncertainty and the growth of digital-advice and Financial Technology (Fintech) will be just some of the forces to shape the Canadian securities industry in the years ahead. The IIAC will monitor closely how the industry confronts these challenges and we look forward to sharing our observations in a future edition of this Chartbook.

Click here to access the Chartbook.

October 25, 2019 by Ian Russell

IIAC Congratulates the 2019 Investment Industry Hall of Fame Inductees, as well as the IIAC Top Under 40 Award Winner Devan Legare

The Investment Industry Association of Canada (IIAC) is proud to announce that last night at a gala dinner, five leaders of business were inducted into the Investment Industry Hall of Fame.

“Last night, we paid tribute to five executives who have distinguished themselves through talent, leadership and integrity in Canada’s investment industry,” said Ian Russell, IIAC President and CEO. “Each one is a trailblazer whose contributions to the industry, the country and communities have set them apart. It is a distinct honour to induct each of them into the Investment Industry Hall of Fame.”

Read more.

October 23, 2019 by Ian Russell

IIAC Announces 2019 Top Under 40 Award Finalists

The Investment Industry Association of Canada (IIAC) is proud to announce the 2019 finalists for the IIAC Top Under 40 Award:

• Korina Fandrick, Canaccord Genuity Wealth Management

• Devan Legare, Manulife Securities Incorporated

• Jason Pereira, IPC Securities Corp

The IIAC Top Under 40 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. There were many outstanding candidates this year, making for an extremely competitive process.

This year, the IIAC Top Under 40 Award is being combined with our Investment Industry Hall of Fame Gala on October 24th in Toronto, to create a fantastic celebratory event for the industry. The three finalists will be recognized at the Hall of Fame Gala and the winner will be announced and invited on stage.

October 17, 2019 by Ian Russell

Op-Ed: Changing the game on cross-border data processing

Why strengthening personal data protections poses a looming challenge for the Canadian investment industry. Click here to read my latest op-ed in Investment Executive.

October 8, 2019 by Ian Russell

SOLD OUT! IIAC FinTech Summit, October 9, 2019 | Montreal

We look forward to welcoming all presenters, panelists and attendees to the 2019 IIAC FinTech Summit in Montreal. Special thanks to our sponsors Montréal FinTech Station, Desjardins, National Bank Financial – Wealth Management, Fidelity Clearing Canada, IIROC, Croesus, National Bank Independent Network, Hudson Technology and CFA Montreal.

Click here to view the event brochure. Click here to view the agenda.

August 28, 2019 by Ian Russell

Congratulations to the 2019 IIAC Top Under 40 Award Nominees

The IIAC Top Under 40 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/financial industry.

This year’s award recipient will be announced and celebrated at the Investment Industry Hall of Fame Gala Dinner and Induction Ceremony to be held on October 24, 2019. More details available here.

July 25, 2019 by Ian Russell

IIAC CEO meets with Mr. Qiu Xiaohua and colleagues

On Tuesday July 23, IIAC President and CEO Ian Russell met with Mr. Qiu Xiaohua, Strategy Officer of Sunshine Insurance Group and several of his colleagues, for a general discussion on the role of the IIAC and the Canadian investment industry in domestic capital markets. There was a vigorous but cordial discussion of the impact of the trade war between Beijing and Washington, and tense relationship with Canada, and the broad implications for Canadian capital markets and prospects for the Canadian economy.

June 27, 2019 by Ian Russell

IIAC Infographic: Canada’s Investment Industry

The Investment Industry Association of Canada has developed an infographic that describes the salient features of Canada’s capital markets and securities industry. It is designed to convey the important contribution the investment industry makes to capital markets, the economy and communities across the country.

Member firms may find the infographic useful and compelling in summarizing the characteristics of our industry to clients and others, in creating content for press releases or marketing opportunities, and in distributing visual content on social media — a picture is worth a thousand words.

You can also access it by clicking here.