Briefly:

(July 24, 2008) Canada’s banking sector just got a little bigger. This week the government awarded a charter to Jameson Bank, making it one of 22 schedule I institutions.

With the charter, Jameson also becomes the first treasury bank in Canada and the first privately owned schedule I bank in Ontario.

For the past 19 years, the bank has been known as the Jameson International Foreign Equity Exchange Corporation. Its main focus was helping business clients manage the risks of foreign currency fluctuations.

Now called Jameson Bank, the institution can offer an expanded range of treasury services.

“Earning our charter as a schedule I bank is a great honour and is the culmination of many years of proving ourselves in the financial services industry,” said Jameson’s president, James Lau. “We earned our reputation over the past two decades on the basis of expertise and integrity, as well as our highly personalized service to our business clients.”

(07/24/08)

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.