TAKES TWO TO TANGO: WHAT’S YOURS IS MINE?

With the merger of IIROC and the MFDA at the beginning of 2023, investment and mutual fund advisors could face significant changes in how they will be regulated. As 2024 priorities are being set, let’s discuss the clear opportunities and benefits for advisors and distributors. The Canadian Investment Regulatory Organization (CIRO) is a merged entity and also a brand-new organization – what makes us stronger together? In this panel you will hear about the early learnings since the merger and the open-ended questions and unknowns for the future.

How will the establishment of CIRO impact compliance processes and advisor registration categories? Will investment advisors finally be able to direct commissions to their corporations? In this session, our panelists will discuss these and other major policy issues post-merger and their effect on the industry.

SPEAKER

Jean-Paul Bureaud Executive Director, FAIR Canada

Jean-Paul is the Executive Director, President and CEO of FAIR Canada. Prior to joining FAIR Canada, he was a financial sector expert at the World Bank Group assisting countries to enhance their securities regulatory regimes. He is a former member of the Executive Management Team at the Ontario Securities Commission, where he worked for 20 years in senior leadership and policy roles. He began his legal career at a national law firm advising clients on securities law matters.

Speaker

Andrew Kriegler President and CEO, Canadian Investment Regulatory Organization

Andrew J. Kriegler is the inaugural CEO of the Canadian Investment Regulatory Organization (CIRO) formed on January 1, 2023, through the amalgamation of the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association of Canada (MFDA).

In late 2014, Andrew was appointed President and CEO of the Investment Industry Regulatory Organization of Canada (IIROC), CIRO’s predecessor organization. Before coming to IIROC, Andrew served as Deputy Superintendent of the Office of the Superintendent of Financial Institutions (OSFI) where he was responsible for the prudential supervision of Canada’s federally regulated financial institutions. He also spent 25 years in the private sector, most recently as Treasurer of CIBC from 2008 to 2012, and earlier as Senior Vice President & Chief Human Resources Officer of Moody’s Corporation, parent of the credit rating agency Moody’s Investors Service, where he had been the Canadian Country Managing Director.

Andrew has also worked as a treasury executive, as a securitization and debt capital markets banker, as an analyst and then a trader on a mortgage-backed securities trading desk.

Andrew serves on the Board of Directors of the Canada Deposit Insurance Corporation (CDIC). He holds an MBA from the Ivey Business School at Western University and a B.Sc. in Computer Science and Economics from Trinity College in the University of Toronto.

Speaker

Anthony is the President & CEO of Quadrus Investment Services, which is Canada Life’s investment dealer. He has over 27 years of experience in the Wealth Management and Financial Services industry, with tenures at TD Wealth, CIBC, and Investors Group. During his career, Anthony has held a broad array of executive roles across wealth distribution, product, business strategy, and leadership of several wealth business functions.

Anthony lives in Oakville, ON with his wife and two teenage children. Along with his family, he is an avid health and sports enthusiast.

Moderator

Ellen is commercial litigator with over 25 years of practice at prominent Canadian firms, and now with Babin Bessner Spry LLP. Her expertise is representing securities dealers and advisors in regulatory (CIRO (IIROC /MFDA), OSC, FSRA and FP Canada), employment and commercial litigation disputes for clients across Canada.

Ellen is the Author of the bestselling book Advisor at Risk, a Roadmap to Protecting Your Business, and the sequel, Communication Risk, How to Bridge the Client-Advisor Gap to Protect and Grow Your Business, risk management tools for professionals in the financial services industry. She is an expert speaker, providing virtual and live workshops to advisors, Portfolio Managers and Supervisors and is a regular contributor to industry press.