Industry

New CIOs at Russell, Sun Life Global

A brief flurry of movement at two of Canada’s large investment managers unfolded over the past 24 hours. Russell Investments announced late on Tuesday that it had appointed Greg Nott as chief investment officer (CIO), effective immediately. As the new CIO at Russell, Nott will be responsible for all aspects of investment management, including leading […]

By Staff |June 29, 2011

1 min read

CRM proposals a “band-aid” solution

The Canadian Securities Administrators (CSA), together with IIROC and the MFDA, have released a notice and request for comment on a series of amendments to National Instrument 31-103 and Companion Policy 31-103CP as part of their ongoing Client Relationship Model (CRM) project. The proposed amendments would do the following: • Enhance the current disclosure of […]

By Dean DiSpalatro |June 28, 2011

3 min read

TMX, LSE chiefs renew merger vows

The exchange of claims and criticism between rival bidders for TMX Group further intensified as the chief executive of LSE Group, Xavier Rolet, accused Maple Acquisition Group of misrepresentation and questioned the credibility of information provided in its $3.7 billion hostile bid. The latest round of hole-picking came at today’s investor and media conference call […]

By Vikram Barhat |June 27, 2011

3 min read

U.S. consumers holding back

Despite showing a marginal increase in personal income, consumer spending in the U.S. remains stalled as inflation continues to gnaw away at income gains.

By Vikram Barhat |June 27, 2011

2 min read