Industry News

IIROC rules against Melaney Phillips

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has found that Melaney Phillips violated IIROC rules by making unsuitable recommendations and discretionary purchases in client accounts, performing client services for which she was not qualified and selling some of her own shares to a client without ensuring the client obtained the […]

By Staff |July 21, 2011

2 min read

Mercer names new wealth management head

Mercer has named Cara Williams as the new global head of its wealth management operation. She will continue in her role as global head of technology solutions, operating from Mercer’s office in London. “Wealth Management is rapidly becoming a significant part of Mercer’s Investment business and the expansion of this exciting business area is fundamental […]

By Staff |July 21, 2011

1 min read

Pensions post meagre Q2 gains: survey

Faltering global equity markets largely erased fixed income advances within pension funds during the June quarter, according to a survey just released by RBC Dexia Investor Services. Within the $340 billion RBC Dexia universe, Canadian pension assets rose 0.2% in the three months ending June 2011, nudging year-to-date performance to 2.2%. “Concerns over the resilience […]

By Staff |July 21, 2011

2 min read

Franklin Templeton fund pushes frontiers

Franklin Templeton Investments launched today the Templeton Frontier Markets Fund, an emerging markets fund to be managed by investing guru Mark Mobius and his team. The fund will invest at least 80% of its net assets in frontier markets—countries with smaller economies that are in the early stages of development. These 61 countries show strong […]

By Staff |July 21, 2011

2 min read