Executive moves this week

Each week, Advisor’s Edge summarizes notable moves across the financial industry.

• Toni Ferrari will be president and CEO of the new Canadian Investor Protection Fund (CIPF), effective Jan. 1, and also will serve on the board of directors. The refreshed CIPF was formed following the fund’s merger with the Mutual Fund Dealers Association of Canada Investor Protection Corporation (MFDA IPC), on the back of the MFDA and the Investment Industry Regulatory Organization of Canada coming together. As CIPF leader, Ferrari will first work on the integration of the two funds as well as on developing strategy. Rozanne Reszel, who’s retiring from her role as president and CEO of the former CIPF on Dec. 31, will be special advisor to Ferrari until Jan. 31.
• Zoheb Somani has been named director of financial planning and analysis at Vancouver-based Harbourfront Wealth Management. Somani has been in the financial services industry for a decade, a release said, coming most recently from Aviso Wealth Inc. where he had been director of financial projects and analysis since 2021. The position at Harbourfront is new, the firm said in an emailed statement, created to support company growth and innovation in its financial planning systems and processes.
• Anna Murray was named senior managing director and global head of sustainable investing with the Ontario Teachers’ Pension Plan Board (Ontario Teachers’), effective Dec. 5. Drawing on her recent experience as global head of ESG for Sun Life Capital (SLC) Management, Murray will work on Ontario Teachers’ climate strategy, net-zero targets and impact investing efforts, among other responsibilities.
• Laurie Hylton will join Sun Life Financial Inc.’s board of directors, effective Dec. 31. Culminating in her retirement in 2021 from Boston, Mass.–based asset manager Eaton Vance Corp., where she was chief financial officer for almost 10 years, Hylton spent more than 25 years in the financial industry. When she joins the board, its percentage of women will be 55%, a release said.

If you know of other people moves in the financial industry and/or would like us to consider your announcement, email Katie Keir at katie@newcom.ca.

Katie Keir

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Katie is special projects editor for Advisor.ca and has worked with the team since 2010. In 2012, she was named Best New Journalist by the Canadian Business Media Awards. Reach her at katie@newcom.ca.