Each week, Investment Executive summarizes notable moves across the financial industry.
- Jerry Thomas has transitioned from his role as senior vice-president of wealth strategy and advisor consulting with Wellington-Altus Private Wealth Inc. Thomas announced this week that he’s joined Toronto-based Rosedale Family Office at Wellington-Altus as chief operating officer (COO). Thomas’s move comes at the same time as Jordy Chilcott, formerly president of Wellington-Altus Private Wealth Inc., departed this week based on a personal decision to move back to asset management. He was succeeded by Dennis Stewner, the firm’s executive vice-president, COO and chief financial officer (with that transition subject to the required corporate filings and registrations). Ahead of Chilcott’s last day with the firm, it announced plans to expand its executive team, adding new roles including a chief experience officer for which hiring is underway. This was in part tied to future growth goals but also to Thomas’s move.
- The Boshmun Wealth Advisory Group — run by senior wealth advisors Prateek Bose, Winston Mundy and Abhishek Shrivastava — has moved to CIBC Wood Gundy from MD Financial Management. Bose and Mundy have each worked in the financial space for than 20 years, while Shrivastava entered the industry in 2006. The group, based in Toronto, focus on a variety of client types from individuals to charitable foundations.
- The Financial Services Regulatory Authority (FSRA) of Ontario made two new appointments: Glen Padassery has replaced Tim Bzowey as acting executive vice-president, auto/insurance products; and Andrew Fung has replaced Caroline Blouin as acting executive vice-president, pensions. The organization said in a release that its operational priorities for the coming year haven’t changed.
- Ron Tratch, chief risk officer (CRO) with EQB Inc.’s Equitable Bank (based in Toronto), will leave his firm on Aug. 31. He first joined Equitable in 2011 and adopted the CRO role in 2015, and he’s worked in financial services for nearly 30 years. The role will be filled “in due course,” a release said.
If you know of other people moves in the financial industry and/or would like us to consider your announcement, email Katie Keir at email@example.com.