Nine individuals were elected or re-elected to serve on the Investment Industry Regulatory Organization of Canada (IIROC) board of directors at IIROC’s annual general meeting, the self-regulatory organization announced Wednesday.
Two new directors were elected to serve on the board for a two-year term/
Jos Schmitt, president and CEO, Aequitas NEO Exchange, was elected marketplace director, while Lucie Tedesco, commissioner of the Financial Consumer Agency of Canada, was elected independent director. They replace Thomas Wittman and Marianne Harris, who have left the board.
Seven directors were re-elected to serve on the board for two-year terms:
- Paul Allison (dealer director), chairman and CEO, Raymond James Ltd.
- Jean-Paul Bachellerie (dealer director), president and COO, PI Financial Corp.
- James Donegan (independent director), co-founder and Managing Partner, AGAWA Partners
- Edward Iacobucci (independent director), dean, Faculty of Law, University of Toronto
- Gerry O’Mahoney (independent director), principal and founder, Tralee Capital Markets
- Luc Paiement (dealer director), executive advisor to the president and CEO, National Bank of Canada
- Catherine Smith (independent director), corporate director
Five directors will continue to serve the second year of their two-year terms:
- Rita Achrekar (dealer director), senior vice president of compliance, Bank of Nova Scotia
- Holly Benson (dealer director), vice president, finance and CFO, Peters & Co. Ltd.
- Michèle Colpron (independent director), corporate director
- Luc Fortin (Marketplace Director), president and CEO, Montreal Exchange and global head of trading, TMX Group
- Brian Heidecker (independent director), corporate director
At the board meeting on Wednesday, the board appointed Paul Allison, as its new chairman and Catherine Smith as vice chairwoman.
“As we welcome our new directors, we also want to recognize the long-standing service and contributions of our outgoing chairwoman, Marianne Harris,” Allison says in a statement.