James Beattie has been appointed CEO, Global Maxfin Capital Inc. and Global Maxfin Investments Inc., while David Prestwich has been appointed CEO, Global RESP Corp. and Global Growth Assets Inc. Both positions are effective as of Jan. 5, 2015.

Beattie and Prestwich replace Sam Bouji, who was permanently suspended by the Ontario Securities Commission as the ultimate designated person (UDP) of Global RESP and GGAI. The firms were ordered to create independent boards of directors; and Bouji was prohibited from becoming a director or officer of any reporting issuer, registrant and investment fund manager for nine years.

Beattie brings more than 27 years of investment experience to full-service investment dealer Global Maxfin. Beattie began his career in wealth management at Bank of Montreal Asset Management (formerly BOMIC) and with expanding roles in capital markets, most recently as global head of equity trading at CIBC World Markets Inc. Additionally, Beattie has served as the past president and chairman of both the Canadian Securities Traders Association and the Institutional Equity Traders Association.

Prestwich brings more than 30 years of financial services experience to Global. For the last five years, he has been operating his own consulting business specializing in project management for various financial entities. Prior to this, he was the chief operating officer for Global Maxfin Capital Inc. He has also served on several industry-related committees including IIROC Ontario District Council, IIAC Small Dealers Committee and IIROC FAS and FAS Operations Sub Committee.