ASC creates new economy division, appoints director

By Staff | June 25, 2018 | Last updated on June 25, 2018
1 min read

The Alberta Securities Commission (ASC) has established a new economy division.

Denise Weeres will act as director of the division, coordinating efforts across the ASC to facilitate capital raising by “new economy” companies entering the capital market, a release says, as well as anticipating and acting on issues and opportunities relating to emerging financial technologies.

Weeres most recently held the position of manager, legal, in the ASC’s corporate finance division.

In the release, Stan Magidson, chair and CEO at the ASC, says the new division reflects recent activity in Alberta’s capital markets.

“There are concerted efforts to diversify our economy, while global forces have led to rapidly changing market dynamics and the introduction of transformative financial technologies and products,” he says.

The new economy division reflects “our commitment to ensuring we meet the challenge of fostering innovation in these areas while maintaining strong investor protection,” he says.

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