Private equity firms brace for difficult year
Conditions for fundraising and deal activity are deteriorating, according to an S&P survey
- By: Mark Burgess
- April 17, 2023 April 17, 2023
- 12:36
Conditions for fundraising and deal activity are deteriorating, according to an S&P survey
Adam Elliott will transition from president and CEO of iA Clarington Investments
Role had been filled on an interim basis since Steve Hawkins departed in November
There were a mix of changes and an update from RBC Wealth Management Canada on its offer to Gluskin Sheff advisors
The central bank will begin an internal recruitment process for the deputy governor position
Barnes' move from TD Wealth's private wealth division is detailed, among other industry news
Other industry moves this week include a new head for the FP Canada Institute
New appointments come a week after four board members opposed to the takeover resigned
Women held 33.7% of board seats, up from 27.9% in January 2020
Other moves include an established advisor group moving to BMO Nesbitt Burns from CG Wealth
A team of former MD Financial advisors has emerged at Richardson Wealth
New appointments at National Bank of Canada, Foresters Financial and Sagicor
Desjardins, IG and CPP Investments made senior appointments
There were shifts in Canada and the U.S. at a couple major firms
Kazuo Ueda has the difficult task of steering the world's third-largest economy out of a time of ultra-easy credit
Melissa Gilbert and others were honoured by Finance et Investissement
TD Private Wealth, Raymond James Montreal branch among firms with new appointments
Several changes occurred across asset management and wealth management
Nearly 400 funds have been classified under six responsible investing categories
The award recipients will receive six months of individual executive coaching
Top-level shifts were announced at several major firms, including National Bank Financial, iA Financial Group and RBC Insurance
The head of iA Private Wealth takes over from Sean O’Brien
Jean-Philippe Lemay is stepping aside after one year in the job
Changes include two business banking leadership shifts
Vincent will be a member of the governing council but will not hold other responsibilities