IFIC names new board leader for 2021-22

The Investment Funds Institute of Canada (IFIC) named its board of directors for 2021-22 this week.

Rick Headrick, president of Capital International Asset Management (Canada) Inc., was elected to chair the board — which has nearly 30 members — for a two-year term. He replaces Carol Lynde, president and CEO of Bridgehouse Asset Managers.

Judy Goldring, president and head of global distribution, AGF Investments, was also elected for a two-year term as vice-chair, and the board added the four new directors: Raza Hasan, chief risk officer with HSBC Bank; Karen McNally, vice-president and head of investment solutions with RBC Global Asset Management; Roy Ratnavel, EVP and head of distribution with CI Global Asset Management; and Sébastien Vallée, a member of the Conseil des fonds d’investissement du Québec.

IFIC also released a year in review summary on Thursday. In the document, Lynde said the fund industry “continues to shift at a rapid pace,” and noted the addition of responsible investment data to IFIC’s annual Pollara investor research.

Paul Bourque, IFIC’s president and CEO, said in his message that alongside tracking growing demand for responsible products, IFIC will continue to advise on the Canadian Securities Administrators’ bid to merge the industry’s self-regulatory organizations, among other ongoing reforms.

“As the global pandemic continues to affect Canadians, the investment funds industry has adapted effectively to meet the evolving needs of investors in the midst of the uncertainty,” he said.

Staff

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