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Each week, we summarizes notable moves across the financial industry.

  • Neil Klempner has joined IG Wealth Management as director of business development. He comes from Manulife Wealth (formerly Manulife Securities), where he worked for more than a decade and was most recently a regional director. Herp Lamba, senior vice-president and head of business development with IG Wealth, said in an announcement that Klempner is “a top national recruiter” who will help drive growth and advisor performance.
  • Mike Feduzzi has joined Cambridge, Ont.-based Steward Group, which operates under iA Private Wealth. Feduzzi, an investment advisor who will work out of Guelph, Ont., has been in the industry for several decades. His move to the new group unites two teams under the iA Private Wealth banner, said senior wealth advisor and Steward Group founder Rob Knight. Feduzzi started with HollisWealth in the 1990s, eventually moving to iA Private Wealth during the acquisitions that followed.
  • Jean-François Bureau will retire from the Public Sector Pension Investment Board at the end of 2024 after nearly 15 years with the organization. He’ll stay in the role of senior vice-president and chief financial and risk officer until Dec. 31, a release said, and will become senior advisor to the president and CEO from Jan. 1 to March 31, 2025. Bureau will be CFO of Canada Growth Fund Investment Management Inc. until approval of the financial statements for fiscal year 2024 for the Canada Growth Fund Inc. are completed. Details about Bureau’s successor have not yet been provided.
  • Stephen Stewart has become head of M&A execution for Canada with Barclays. He works out of Toronto and will report to both Ryan Voegeli, head of investment banking for Canada, and Dan Grabos, head of Americas M&A. Stewart comes from TD Securities, which he joined in 2008 and was most recently a managing director. A release from Barclays states that Stewart’s appointment signals its “unwavering commitment to Canada” and intention to grow.
  • Jillian Kennedy has been named chief strategy officer with Toronto-based CAAT Pension Plan. The newly created role will involve crafting strategic partnerships that help expand modern defined-benefit pension coverage for Canadian workplaces. She comes from Mercer (Canada) Ltd., a release said, where she was a partner in the wealth division.

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.