Andrew Kriegler has been named chief executive officer of Canada’s new self-regulatory organization set to launch this year to merge the functions of two existing entities: the Investment Industry Regulatory Organization of Canada and the Mutual Fund Dealers Association of Canada.
“Mr. Kriegler can now work with the boards and staff of each of the MFDA and IIROC to ensure a smooth transition that is responsive to the interests of their stakeholders,” said Louis Morisset, CSA chair and president and CEO of the Autorité des marchés financiers, Quebec’s securities regulator. He also spent 25 years in the private sector as treasurer of Canadian Imperial Bank of Canada from 2008 to 2012, and earlier as chief human resources officer of Moody’s Corp., parent of the credit rating agency Moody’s Investors Service, where he had been the country managing director.
The two self-regulatory organizations had long been criticized by investor advocates and the investment industry for overlapping areas of oversight, as an increasing number of wealth managers serve customers who buy both mutual funds and individual securities.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CTVNews - 🏆 1. / 99 Read more »