Horizons Exchange Traded Funds Inc., along with its affiliate, AlphaPro Management Inc., both based in Toronto, have introduced two new exchange-traded funds (ETFs) that will provide investors with the opportunity to gain exposure to North American stock market indices while providing protection from sudden and significant market declines. Horizons Universa Canadian Black Swan ETF and […]
Toronto-based CIBC Asset Management Inc. has announced portfolio subadvisor changes for some funds. Kansas City-based American Century Investment Management Inc. (ACIM) will continue to serve as a portfolio subadvisor for components of Imperial U.S. Equity Pool, with an increased allocation to both the U.S. all-cap growth and U.S. all-cap value components of the pool. ACIM […]
Toronto-based IA Clarington Investments Inc. has launched IA Clarington Focused Canadian Equity Class Fund, IA Clarington Focused Balanced Fund and IA Clarington Focused Balanced Class Fund. David Taylor, portfolio manager with Toronto-based Taylor Asset Management Inc., will manage IA Clarington Focused Canadian Equity Class and will partner with income specialist Dan Bastasic, portfolio manager with […]
Toronto-based Deloitte & Touche LLP has appointed Frank Vettese managing partner and CEO for Deloitte Canada. Vettese, since joining Deloitte in 2002 and becoming a member of the global executive team in 2007, has held a number of senior roles, including managing partner for Deloitte’s financial advisory practice in Canada from 2005 to 2012. He […]
Donald Guloien, president and CEO of Toronto-based Manulife Financial Corp., has been honoured as the 2012 International Business Executive of the Year by the Canadian Chamber of Commerce. The award is given to Canadian business executives whose leadership has helped their firms become strong Canadian competitors in international markets. Guloien joined Manulife in 1994 and […]
Brigitte Parent has been named senior vice president, individual insurance and investments, for Toronto-based Sun Life Financial Inc. (SLF). Previously senior vice president, client solutions, for SLF Canada, Parent has replaced Kevin Strain, who will now head SLF’s Asian operations. Reporting to Kevin Dougherty, president of SLF, Parent will focus on the manufacturing and distribution […]
Mark Gordon has been appointed president and CEO of the Toronto-based Mutual Fund Dealers Association of Canada, effective Oct. 1. He will replace Larry Waite, who will be retiring on Sept. 30. Gordon currently is executive vice president of the MFDA and has been with the organization since it was established in 1998. Since then, […]
David McKay, group head of Canadian banking for Toronto-based Royal Bank of Canada (RBC), was named Retail Banker of the Year at the annual Retail Banker International Awards organized by Retail Banker International, a publication produced by London-based Financial News Publishing Ltd. RBC also was recognized as Best Retail Bank in North America. McKay won […]
Challenges facing exports and consumer demand