Industry moves this week

Each week, Investment Executive summarizes notable shifts across the financial and wealth management industry.

• Effective April 1, David Sykes is chief investment officer with TD Asset Management Inc. (TDAM). He was most recently managing director and head of public equities, and has been with the bank for more than 20 years. In an interview with Investment Executive, he expressed that while markets are currently tough to navigate, he is ready to assist the bank’s investment team and grow TDAM’s presence.
• Tiff Macklem, governor of the Bank of Canada, is the chair of the Basel Committee on Banking Supervision as of April 1. Macklem will lead the Group of Governors and Heads of Supervision for three years. He succeeds François Villeroy de Galhau, governor of the Bank of France, who has stepped down after three years to lead the board of directors of the Bank for International Settlements.
• Brett House has left Scotiabank Economics after spending nearly six years as its deputy chief economist. In a LinkedIn post on March 31, House said he plans to pursue a role outside of the bank.
• On March 29, Guelph, Ont.-based Co-operators announced former mayor of Edmonton Don Iveson as its executive advisor for climate investing and community resilience. “The new position will advance Co-operators’ efforts to catalyze sustainable investing in Canada,” the company said in a release.
• On March 24, the Ontario government named Grant Vingoe as the Ontario Securities Commission’s first dedicated CEO. Current OSC vice-chair Timothy Moseley was also nominated as chief adjudicator for the commission’s new Capital Markets Tribunal, with both appointments effective upon the proclamation of the Securities Commission Act, 2021.

If you know of other people moves in the financial industry and/or would like us to consider your announcement, email Katie Keir at katie@newcom.ca.