IIAC elects new board chair

The Investment Industry Association of Canada (IIAC) has named Charlie Spiring as its new board chair. He is currently the vice-chair and director with National Bank Financial and the founder of Wellington West Holdings, which was bought by National Bank two years ago.

Peter Brown, honorary chairman and founder of Canaccord Financial, will remain for a second term as board vice-chair.

The association also welcomed four new board members:

  • Sandy Cimoroni, president, TD Mutual Funds;
  • Mario Frankovich, CEO and chairman, Burgeonvest Bick Securities Ltd.;
  • Peter Meyers, executive managing director, head, investment and corporate banking, Canada, BMO Nesbitt Burns; and
  • Deborah Starkman, chief financial officer and secretary, GMP Capital.

The IIAC’s immediate past chair, Roman Dubczak, managing director and head of equity markets with CIBC World Markets, will remain a member of the board for an additional year.

In his role as IIAC board chair, Spiring will focus his efforts on continuing to ensure that the IIAC remains a strong and effective advocate on behalf of the association’s 168 member firms, with the goal of achieving practical and effective rules, alleviating the compliance burden and suggesting modifications to proposed structural and public policy measures in order to facilitate the savings-investment process and market efficiencies.

“I am pleased to begin my term as board chair and—along with the IIAC and my fellow board members—continuing to respond to the ever-increasing pace of regulatory proposals, arguing for cost-effective and accountable regulation, and advocating good public policy on behalf of our investment dealer member firms,” says Spiring.

“The need for a strong industry association and voice for the Canadian securities industry to speak out constructively on the regulatory process and on public policy has never been greater.”

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