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Royal Bank of Canada (RBC) executive David Lang has been named chairman of the Investment Industry Association of Canada (IIAC).

IIAC announced that Lang, global chief compliance officer at RBC, will chair its board for 2021–2022.

Roger Casgrain, executive vice-president at Montreal-based Casgrain & Co. Ltd., was named vice-chairman.

“I am honoured to serve as IIAC board chair, and I eagerly anticipate working with my colleagues as fellow directors,” Lang said in a release.

“These have been tumultuous times for everyone and I look forward to collaborating with the IIAC, the board of directors, and the investment community in our mutual aim to see Canadian markets and the Canadian economy thrive,” he added.

On Aug. 1 the organization will also welcome a new leader, with Laura Paglia, currently a partner at Borden Ladner Gervais LLP, taking over from Ian Russell as its new president and CEO.