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

  • Alfred Lee has been named deputy chief investment officer at Quintessence Wealth (Q Wealth Partners), a partnership by portfolio managers who aim to serve other portfolio managers. Lee comes from BMO Global Asset Management, where he was a director, portfolio manager and investment strategist with BMO ETFs for the past three years. He worked with BMO GAM, across various BMO ETFs roles, for more than 14 years, and has been in the industry for more than 20 years.
  • The announcement of Lee’s departure from BMO ETFs follows the recent news that Chris McHaney has taken over from Hyun Su Ahn as executive vice-president and head of investment management and strategy with Global X Investments Canada Inc. McHaney spent two decades working with BMO Global Asset Management, including 15 years as an architect of the company’s ETFs. Read more.
  • Kathleen Wylie has also joined Quintessence Wealth (Q Wealth Partners), as head of external manager research, with a focus on “manager selection and portfolio construction for our multi-manager platform,” she said in her announcement online. She most recently worked for a few years with QV Investors Inc., a Calgary-based independent asset and wealth management firm. However, her industry tenure spans more than three decades and includes positions with BMO Nesbitt Burns Inc., Russell Investments Group Ltd. and CIBC Asset Management.
  • Scott Chan, who most recently worked for more than a decade with Canaccord Genuity Group Inc., has moved to Toronto-based alternative asset manager Mount Logan Capital Inc. as director for Canada. He was managing director of research at his previous firm. Mount Logan Capital plans to grow its capital markets presence in Canada, saying in a release that the addition of Chan will help them increase investor outreach and “visibility in the markets.” The release cited Chan’s decades of experience, as he also worked with Acuity Investment Management and CI Financial Corp. in the past.
  • AIMA Canada (the Alternative Investment Management Association) has chosen its executive committee for the 2024-2026 term. Liam O’Sullivan, co-head of client and product solutions with Toronto-based asset manager RPIA LP, has been named chair after previously serving as deputy chair. He succeeds Belle Kaura, vice-president, legal, and chief compliance officer with Third Eye Capital (also in Toronto), after she led the committee for three terms. The committee has 15 members, including four senior members. Also of note is the committee’s new legal counsel: Sarah Gardiner, who’s a partner with Borden Ladner Gervais LLP. She succeeds Darin Renton (partner with Stikeman Elliott LLP) in the role after he served four terms on the committee. For more detail, read the release.
  • Ghislain Maillet has joined J.P. Morgan Asset Management as its newest executive director and client advisor in Canada. Maillet spent nearly 25 years with Fidelity Investments, most recently serving as a district vice-president in Quebec. He’ll help expand the company’s presence in Quebec and Atlantic Canada, said J.P. Morgan in an emailed announcement that also highlighted Maillet’s “extensive” leadership experience and investment expertise.
  • Jean Gattuso will become chair of the board of directors for Montreal, Que.-based investment manager Letko, Brosseau & Associates Inc. as of Jan. 1, 2025. He first joined the board in late 2022.

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.