Over 800 people attended the Investment Funds Institute of Canada's annual conference last month. The creation of the new Mutual Fund Dealers Association dominated much of the discussion. But other topics were discussed.
u The Investment Funds Institute of Canada (IFIC) will not name a new chairman next month, as had been planned. Instead, IFIC's current chairman, Jacques Daoust will continue in that position until next year. Daoust, who is executive vice president of Laurentian Bank of Canada, was named to the IFIC position at a special meeting in June. His appointment followed the premature resignation of then-chairman Dax Sukraj, president of Toronto-based adviser, Keybase Financial. Sukraj resigned after questions arose about his company's assumption of Provident Financial Services' business after that company failed.