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Media Release - IFIC Announces New Chair and Board Appointments and Welcomes New Member and Affiliate

September 8, 2017

Toronto, ON - September 8, 2017 - The board of directors of The Investment Funds Institute of Canada is pleased to announce that at its annual meeting on September 7, Ross Kappele (EVP & head of distribution, BMO Asset Management Canada) was elected chair of IFIC’s board, and Carol Lynde (president & COO, Bridgehouse Asset Managers) was elected first vice-chair.

“I am pleased to be taking the helm of IFIC at this compelling time,” Mr. Kappele stated. “In the face of rapid change on many fronts, companies from all corners of the investment funds industry – from integrated firms to independent dealers and managers – are united in our mission to protect and grow investors’ wealth so they can have the financial future they want.”

Elected to the board for three-year terms were Paul Bourque (president & CEO, IFIC), Sian Burgess (SVP fund oversight, Fidelity Investments Canada), Jonathan Durocher (president & CEO, National Bank Investments), Chris Enright (president & managing director, Aligned Capital Partners), Judy Goldring (EVP & COO, AGF Investments), Glen Gowland (senior VP & head, asset management, Scotiabank), Duane Green (president & CEO, Franklin Templeton), Bernard Letendre (president, Manulife), Damon Murchison, (SVP and head of retail distribution, Mackenzie Investments), Michael Stanley (president, Sterling Mutuals, Stéphane Blanchette (EVP, CCO and CFO, Investia Financial Services Inc. and chair of CFIQ) and Yanic Chagnon (VP investment products at Manulife and vice-chair of IFIC).

At the meeting, the board extended its thanks to outgoing chair John Adams (CEO, Primerica Financial Services Canada) for his excellent leadership over the past two years.

During the meeting, the board approved the membership application of Fonds de solidairité FTQ ( and the affiliate application of Donnelley Financial Solutions (

Founded in 1983, the Fonds de solidarité FTQ is a development capital fund that invests in small and medium-sized Quebec businesses with the goal of promoting the growth of Quebec’s economy. As of May 31, 2017, the Fonds has $13.1 billion in assets and more than 645,000 shareholder-investors.

Donnelley Financial Solutions is a US-based global company providing financial software and services that enable fund managers to communicate with confidence in a complex regulatory environment. The organization has 3,500 employees globally and operates in 61 locations across 18 countries.

“On behalf of our board and membership, I am pleased to welcome Fonds de solidairité FTQ and Donnelley Financial Solutions,” said Mr. Kappele. “Each new member and affiliate brings a unique perspective, which sharpens the Institute’s understanding and strengthens our ability to represent the full spectrum of industry and investor interests.”

At the annual meeting, IFIC released its annual report ( to members. The report highlights the industry’s progress over the past year to meet the board’s strategic priorities to collaborate with policymakers to serve investors, foster public confidence in investment funds, bring value to IFIC members, and promote professional excellence for advisors and others in the industry.

About IFIC

The Investment Funds Institute of Canada 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 more information:
Sara Clodman, Senior Manager, Public Affairs: 416-309-2317

For more information contact:
Sara Clodman
Senior Manager, Public Affairs
The Investment Funds Institute of Canada (IFIC)
Phone: 416-309-2317

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The Investment Funds Institute of Canada (IFIC)


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