Industry

IIAC scouts for future industry leader

The Investment Industry Association of Canada (IIAC) will once again recognize an aspiring industry “Future Leader” in its third annual IIAC Future Leader Scholarship Award competition.

By Staff |September 20, 2011

2 min read

When to blow the whistle

Swiss banker Bradley Birkenfeld joined UBS in 2001. Four years later, Birkenfeld realized that UBS’s practice of storing money for American clients in Swiss bank accounts was illegal. Birkenfeld voiced his concern to his supervisors and UBS’s compliance and legal departments. Since he didn’t receive a response, in 2007 Birkenfeld left UBS and complained to the IRS and SEC, triggering a multibillion-dollar international tax-fraud scandal.

By Richard E. Austin |September 20, 2011

3 min read

National Bank buys HSBC’s advisory business

National Bank of Canada has struck a deal to buy the full service investment advisory business of HSBC Securities (Canada) Inc. for $206 million in cash.

By Staff |September 20, 2011

2 min read

Swanson reunited with Snow and Radlo

CI Investments has announced that Robert Swanson has joined its Cambridge Advisors investment team as portfolio manager. Swanson is best known for his prior role at Fidelity, where he managed several funds with a total of $20 billion in assets.

By Staff |September 20, 2011

1 min read