The Canadian ETF Association (CETFA) has named Kevin Gopaul, head of BMO Global Asset Management, head of Quantitative Strategies and ETFs and chief investment officer Canada, as the new chairman of its board of directors.
Gopaul is CETFA’s third chairman since the association’s formation in late 2011. He follows Atul Tiwari, managing director of Toronto-based Vanguard Investments Canada Inc., who was named to the position in June 2015, and Tuwari’s predecessor, Horward Atkinson, former president of Horizons ETFs Management (Canada) Inc., the association announced in a news release. Gopaul will serve a two-year term in this position.
“BMO was a founding member of CETFA and has played a pivotal role in shaping and expanding the association,” says Pat Dunwoody, executive director of CETFA.
“I’m honoured to be selected as CETFA board chairman during a time when the [ETF] industry is growing rapidly,” adds Gopaul. “Looking ahead, it will be increasingly important for CETFA to continue to be an industry hub for thought leadership around ETFs. We need to keep raising awareness about the benefits and uses of ETFs and how they can complement and enhance portfolio construction.”
CETFA also announced new members, including Franklin Templeton Investments Corp., Manulife Financial Corp. and Invesco Canada Ltd.
CETFA currently consists of 46 members — including ETF providers, affiliates and portfolio managers — and represents more than 95% of the assets under management in ETFs in Canada.
Photo copyright: rvlsoft/123RF