IFIC Congratulates New Chair of CIFSC

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IFIC Congratulates New Chair of CIFSC

January 3, 2014

Toronto, ON – January 3, 2014 – The Investment Funds Institute of Canada congratulates Reid Baker (manager, analytics and data at Fundata Canada Inc.) on his election as chair of the Canadian Investment Funds Standards Committee (CIFSC), effective January 1, 2014.

“The establishment and maintenance of widely accepted classification standards is an essential service for mutual fund investors and fund industry participants,” noted Joanne De Laurentiis, IFIC’s president and CEO. “Reid’s steady leadership will guide the meticulous work of ensuring consistent set of categories.”

Following his appointment, Baker stated: "I look forward to 2014 as we have some interesting and exciting items on the horizon and we continue to build on what’s been accomplished over the past few years."

Outgoing Chair Brian Bridger, Director of Analytics and Data at Fundata Canada, will continue to participate in the role of Vice-Chair.

"Thanks to Brian and the rest of the group for their continued participation and efforts in moving the committee’s initiatives forward," Baker added.

About CIFSC

CIFSC (www.cifsc.org) is a volunteer organization, made up of competing organizations that collaborate to create and maintain a single standardized investment fund classification system for use across Canada. Its current membership includes representatives from the Canadian Life and Health Insurance Association (CLHIA), Cannex Financial Exchanges, FP Datagroup, Fundata Canada, Morningstar Canada, The Investment Funds Institute of Canada (IFIC), Thomson Reuters/Lipper and individual consultants.

About IFIC

IFIC (www.ific.ca) is the voice of Canada’s investment funds industry. IFIC brings together 150 organizations, including fund managers, distributors and industry service organizations, to foster a strong, stable investment sector where investors can realize their financial goals. By connecting Canada’s savers to Canada’s economy, our industry contributes significantly to Canadian economic growth and job creation. The organization is proud to have served Canada's mutual fund industry and its investors for more than 50 years.

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For further information:

Reid Baker, Chair, Canadian Investment Funds Standards Committee
(416-445-5534 x 240; reid.baker@fundata.com)

Sara Clodman, Senior Manager, Public Affairs, The Investment Funds Institute of Canada
(416-309-2317; sclodman@ific.ca)

For more information contact:
Reid Baker
Chair
Canadian Investment Funds Standards Committee
Phone: 416-445-5534 x 240
Email: reid.baker@fundata.com
Website: www.cifsc.org

Sara Clodman
Senior Manager, Public Affairs
The Investment Funds Institute of Canada
Phone: 416-309-2317
Email: sclodman@ific.ca
Website: www.ific.ca

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The Investment Funds Institute of Canada (IFIC)

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