Industry

IPO market defies odds

Braving a string of economic uncertainties from Europe, the U.S. and Japan, the Canadian market for initial public offerings continues to flourish, according to the quarterly PwC survey of activity on Canadian equity exchanges. IPO activity in Canada picked up speed in the second quarter of 2011, but could have returned a better figure were […]

By Vikram Barhat |July 6, 2011

2 min read

Desjardins Financial Security names new COO

Desjardins Financial Security has announced the appointment of Denis Berthiaume to the position of chief operating officer. He succeeds Richard Fortier in this role, following Fortier’s announced retirement. “Under Mr. Fortier’s leadership, DFS has become a key player in the life and health insurance industry, not only in Québec, but also across Canada, where our […]

By Staff |July 5, 2011

1 min read

CSA publishes marketing guidance for PMs

The Canadian Securities Administrators (CSA) has published guidance for the preparation, review and use of marketing materials by portfolio managers. Staff Notice 31-325 is based on a compliance review of the marketing practices employed by 50 portfolio managers. Common deficiencies included exaggerated or unsubstantiated claims, improper use of benchmarks, and the preparation and use of […]

By Staff |July 5, 2011

2 min read

New McLean Budden VP to focus on risk

Investment firm McLean Budden has named Jean-Philippe Giguère to the post of vice-president, a role in which he will help institutional clients manage risk and maintain the financial integrity of their pension plans. “The inherent volatility of global capital markets has made strategies for managing risk a top priority for pension plan sponsors,” said Roger […]

By Staff |July 5, 2011

1 min read