Terry Jackson has been appointed president and CEO of MacDougall, MacDougall & MacTier Inc., Canada’soldest independent wealth management firm. Jackson succeeds Michael Harrison, who now retains the position of Vice-Chairman. The appointment is effective immediately.

Jackson’s career in the Canadian and U.S. investment and wealth management industries spans more than 30 years. He has held a series of executive management positions responsible for the operation of full service and discount brokerage, mutual funds, private banking and trust services and institutional and personal money management services at the Bank of Montreal and Nesbitt Burns.

Jackson, 53, led the growth of the wealth and asset management segments at the Bank of Montreal, which became the institution’s fastest growing and highest margin business during the mid- to late 1990s. At the same time, he guided the Bank’s mutual fund assets from $4.4 billion to $10.6 billion and supported the rapid deployment of the firm’s online trading venture.

MacDougall, MacDougall & MacTier Inc., commonly known as “3 Macs,” is a 143-year old firm that specializes in personalized investment management advice and service to private investors. The employee-owned firm does not underwrite corporate share offerings or hold principal positions in
securities.

Jackson says he plans to substantially increase the firm’s sales force in the near future. The firm will also make a number of strategic investments in information technology to streamline and enhance the delivery of client services. “While there are some exciting developments ahead for 3 Macs, we recognize that the firm’s approach to client service and value-oriented, long- term investment philosophy has stood the test of time for more than 140 years,” says Jackson. “As such, our independence and integrity will remain the foundation for our success in the future.”