Industry moves this week

Each week, Investment Executive summarizes notable moves across the financial industry.

• Barry Ferguson is now chief operating officer with Toronto-based digital bank Wealth One Bank of Canada. He joined the institution in 2020 as chief marketing officer, with a release saying that Ferguson has helped lead a strategic shift that’s included developing WealthONE’s branding and digital investments. Ferguson, who’s worked at various banks and financial companies within the past few decades, said it will be key for the “young” bank — which opened in 2016 — to navigate “a very crowded, mature industry.”
• Suzanne Tremblay joined TD Bank Group effective Feb. 6 as vice-president and region head, TD Private Wealth Management, for Quebec and Atlantic Canada. A statement from TD Wealth noted Tremblay has been in the industry for more than 25 years and that she most recently worked with Desjardins Private Wealth as a vice-president and managing director in Quebec, with a focus on high-net-worth. She moved to TD, in part, because of the connection between the bank’s branch, planning, insurance and investment businesses.
• Angela Lihnakis is senior branch manager of the corporate branch in Montreal with Raymond James Ltd. She was most recently an assistant market leader with BMO Wealth Management, but spent the bulk of her decades-long career so far with TD Bank Group in various roles. One of her priorities in her new role will be expanding Raymond James’ Montreal presence.
• Zach Buchwald will be CEO as well as chairman of the board of directors for Seattle-based Russell Investments, effective May 1. He succeeds Michelle Seitz who departed in late 2022. He comes from New York-based BlackRock Inc. where he worked for nearly 15 years and was most recently head of institutional business in North America.

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.