IIAC Blog

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.

June 24, 2019 by Ian Russell

Suggested Practices for Engaging With Older and Vulnerable Clients

The Canadian Securities Administrators (CSA) published a Staff Notice offering suggested practices on matters that registrants may consider when working with older or vulnerable clients, including:

-Red flags of diminished mental capacity

-Red flags of financial exploitation

-Know your client and suitability obligations

-Complaint handling

-Supervisory procedures

-Powers of attorney and limited trading authorizations

-Training employees on identifying potential financial exploitation and diminished mental capacity

-Identifying trusted contact persons

-Establishing written policies and procedures for reporting and escalating issues

-Communicating with older or vulnerable clients

The CSA recognizes that older clients are not a homogenous group and that not all older clients are vulnerable or unable to protect their own interests. Vulnerability can affect a client of any age, take many forms, and can be temporary, sporadic or permanent in nature. The CSA encourages registrants to be mindful of, and adapt their practices to reflect, the diverse circumstances and needs of their clients.

The IIAC released similar guidance in 2014, Canada’s Investment Industry: Protecting Senior Investors – Compliance, Supervisory and Other Practices When Serving Senior Investors. You can access it here.

June 13, 2019 by Ian Russell

IIAC Announces 2019 Investment Industry Hall of Fame Inductees

The Investment Industry Association of Canada (IIAC) is proud to announce the 2019 Inductees into the Investment Industry Hall of Fame:

Helen Kearns, President & CEO, Bell Kearns & Associates Ltd.

James Pitblado, Former Chairman, RBC Dominion Securities Inc.

Charlie Spiring, Founder, Wellington West Holdings Inc.; Founder and Chairman Wellington-Altus Private Wealth Inc.

Eric Sprott, Founder, Sprott Securities Ltd. and Sprott Asset Management LP

Robert Wyman, Former Chairman & CEO, Pemberton Securities Inc. (Posthumous) 

Read more.

June 5, 2019 by Ian Russell

Steven Donald of CI Financial Corp. Appointed IIAC Board Chair

At its Annual General Meeting in Toronto today, the Investment Industry Association of Canada (IIAC) announced its 2019-2020 Board of Directors, including the appointment of Steven Donald, Executive Vice-President and Chief Risk Officer, CI Financial Corp., as IIAC Board Chair, and Benoit Lauzé, Managing Director & Head, Equity Capital Markets-Global Investment Banking, CIBC World Markets Inc., as Vice-Chair. Read More

May 13, 2019 by Ian Russell

Letter to the Editor: Ontario’s deregulation initiatives

Investment Executive recently published the editorial, “Batten down the hatches”, assailing Ontario’s deregulation initiatives. Their understanding of said initiatives is deeply flawed and their conclusions erroneous; my letter to the editor corrects the article’s misunderstanding.

May 7, 2019 by Ian Russell

IIAC seeks nominations for the 2019 IIAC Top Under 40 Award

The Investment Industry Association of Canada (IIAC) announces its annual call for nominations for the 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.

This year’s recipient will be announced and celebrated as part of the Investment Industry Hall of Fame. Gala Dinner and Induction Ceremony on October 24, 2019 in Toronto.

To nominate someone, please click here.

Thank you to our Platinum Sponsor: The Canadian Securities Institute (CSI); and to our media sponsor Investment Executive / Finance et Investissement