Markham, Ont.-based Fundex Investments Inc. has added 10 regional branch managers over the past 12 months in a continuing effort to build a robust compliance system.

The most recent additions include Gerri Hoy, formerly of Peak Financial, and Sandra Kegie, who joins Fundex as vice president, compliance after leaving CMG Worldsource.

Fundex previously operated without branch managers or a compliance department; after being audited once in 1997 and again in 2002, the firm worked with consultants and the Ontario Securities Commission to meet regulatory concerns.

The current plan to restructure the compliance department is a “work in progress,” Kegie says.