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Paul Bourque, president and CEO of the Investment Funds Institute of Canada (IFIC), is set to retire at year’s end, the institute said in a release on Wednesday.

“The industry has benefited enormously from Paul’s effective and principled leadership since he joined IFIC in June 2016,” said Rick Headrick, chairman of IFIC’s board of directors, in the release.

Headrick thanked Bourque for his “tireless and highly successful efforts to further IFIC’s mission to foster integrity and growth in the industry and to strengthen investor understanding and confidence.”

Among other things, those efforts included annual investor research in step with point-of-sale and client relationship model regulation.

Bourque said he was “fortunate and grateful” to work with the “outstanding” IFIC team and board.

“The investment funds industry provides investors with insightful advice, extensive choice and excellent value, and I am proud to have led IFIC through this period of unprecedented change,” Bourque said in the release.

A committee is searching for the organization’s next CEO, and Bourque will continue to lead the IFIC team until his successor is named and integrated, the release said.