IFIC Elects Directors for 2012-13

October 24, 2012

Toronto - The Investment Funds Institute of Canada (IFIC) has elected its board of directors for 2012-2013 at its annual meeting in Toronto. At the board meeting that immediately followed, Glen Gowland (Managing Director & Head, Canadian Wealth Management/Distribution, Scotiabank) was elected chair.

"This is an exciting time to be assuming the role of chair at IFIC," Glen stated. "The industry is celebrating 80 years of mutual funds in Canada and the 50th anniversary of IFIC. Canadians have put their faith in our products through 80 years of innovation and investor support. We can take pride in knowing that the investment funds industry is a major success story."

IFIC uniquely represents the breadth of Canada's retail investment funds industry, with a membership that includes fund managers that represent roughly 80% of retail Assets Under Management, along with distributors, back office providers, and professional services. The IFIC Board reflects this broad mandate, drawing on CEO and senior executive ranks from its members organizations.

"I look forward to working with the exceptional women and men who constitute our 2012/2013 Board of Directors," said IFIC's President and CEO Joanne De Laurentiis. "IFIC's twin strengths are the quality of our board and our high degree of member involvement," noted Ms. De Laurentiis. "Every one of our submissions, position papers, and reports is produced with the involvement some of the most knowledgeable, experienced people in our industry who sit our member committees. They are then vetted by a senior Board committee to ensure that they reflect the viewpoint of a majority of our industry members."

Mutual fund assets under management in Canada were $827 billion as of September 2012, of which $460 billion was invested in Canadian companies. Our sector employs more than a quarter of a million Canadians from all regions of the country.

The Investment Funds Institute of Canada is the voice of Canada's investment funds industry. IFIC brings together 150 organizations, including fund managers and distributors, to foster a strong, stable investment sector where investors can realize their financial goals. The organization is proud to have served Canadian financial consumers for 50 years.

For a full list of directors, click on this link https://www.ific.ca/Content/Content.aspx?id=63.

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For further information please contact:
Jan Dymond
Director, Public Affairs
jdymond@ific.ca 416-309-2308


For more information contact:
Jan Dymond
Director, Public Affairs
The Investment Funds Institute of Canada (IFIC)
Phone: 416-309-2308
Email: jdymond@ific.ca
Website: www.ific.ca

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The Investment Funds Institute of Canada (IFIC)

Topics:

• Financial Services
• Funds Management
• Investment Funds
• Investment in Canada
• Investments
• Mutual Funds
• Mutual Funds Industry
• Registered Education Savings Plans (RESPs)
• Registered Retirement Savings Plans (RRSPs)