Earl Bederman, founder and leader of Toronto-based financial industry research firm Investor Economics Inc. (IEI), is retiring next month.
Bederman is stepping down as president and CEO on July 1. Goshka Folda, senior managing director, will assume his responsibilities as president and CEO of IEI.
“Goshka has been an essential component of Investor Economics’ growth and success since its inception more than 23 years ago. She is widely recognized as a thought leader in the Canadian wealth management business and her expertise and opinion are widely sought after by clients and industry leaders,” Bederman says.
IEI, which Bederman founded back in 1992, was acquired by New York-based Asset International Inc. in 2013. Last year, it also absorbed industry market research firm Corporate Insights, which is based in Vancouver.
“Earl had a long-held belief that Canada’s financial services industry needed an organization to conduct fact-based measurement, competitive intelligence and insightful trend analysis. This belief led to the formation of Investor Economics in 1992. The Investor Economics team will proudly carry on Earl’s legacy of excellence and industry insight,” says Folda.
Asset International notes that Folda has recently taken a bigger leadership role at IEI. “She brings passion, energy, high intellect and integrity to everything she does. Investor Economics will continue to flourish under her leadership,” says AI’s chairman and CEO, Jim Casella.
Carlos Cardone will take over for Folda as senior managing director of IEI.