Industry

Briefly:

(August 8, 2003) CIBC has appointed an independent committee to monitor the trade of CIBC equities within mutual funds the company controls. The committee was a sticking point for regulators, which wanted to ensure there was no interference from the parent company. The committee is made up of John W. Crow, William Thornhill and Frank […]

By Staff |August 5, 2003

3 min read

OMERS, CMA Canada back Directors College

(August 5, 2003) The Directors College received a shot in the arm today, as three of the top advocates for improved corporate governance announced their support for the education initiative. The Ontario Municipal Employees Retirement System (OMERS), The Society of Management Accountants of Canada (CMA Canada) and the Canadian Coalition for Good Governance have all […]

By Steven Lamb |August 5, 2003

2 min read

Desjardins launches new firm, partners with Fiera

(August 5, 2003) There’s a new name in wealth management in Quebec, as Desjardins Financial announced the creation of Desjardins Asset Management today. The new division will be created through the merger of Desjardins’ existing investment branches, Opvest and Elantis Investment Management. “The creation of Desjardins Asset Management will enable us to consolidate our asset […]

By Steven Lamb |August 5, 2003

2 min read

Uniform securities project gets qualified industry support

(August 1, 2003) It appears the country’s financial services industry likes the Canadian Securities Administrators (CSA) plan to streamline and harmonize securities regulation through the uniform securities legislation (USL) project. However, that support comes with a number of caveats. The CSA has published the 89 submissions it received on the USL. “The vast majority of […]

By Doug Watt |August 1, 2003

2 min read