The Investment Funds Institute of Canada (IFIC) on Thursday announced that its board of directors approved the application of Montreal-based CF2G Investissement Inc. to become an IFIC member at its April meeting.

CF2G is registered as a mutual fund dealer in Quebec. The firm is part of CF2G Group, which operates two other entities offering respectively life and health insurance and financial planning for entrepreneurs and small and medium-sized businesses.

The IFIC board also approved mid-term appointments of two directors — Glen Gowland, senior vice president and head, asset management, Bank of Nova Scotia, and Damon Murchison, senior vice president and head of retail distribution, Mackenzie Financial Corp.

Murchison joins the IFIC board for the first time. Gowland served previously on IFIC’s board, including one term as board chair.