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CI Financial Corp. executive Steven Donald has been named the next chair of the Investment Industry Association of Canada (IIAC).

Following the IIAC’s annual general meeting in Toronto on June 5, the group announced that Donald, who is executive vice president and chief risk officer at CI Financial, will chair the IIAC board for 2019-2020.

Donald, who was vice chair of the IIAC board last year, replaces Charyl Galpin, of BMO Wealth Management, as chair.

The group also named Benoit Lauzé, managing director & head of equity capital markets at CIBC World Markets Inc., as its vice chair for the coming year.

In a statement accompanying the announcement, Donald said, “I look forward to working with our board and IIAC staff to ensure the association remains an effective advocate for member firms and their clients.

Along with Donald and Lauzé, the latest incarnation of the IIAC board includes Roger Casgrain, EVP with Casgrain & Co. Ltd.; David Cusson, CEO at Echelon Wealth Partners Inc.; Pruyn Haskins, managing director and head of global equities for Scotiabank; Sandra Henderson, COO with BMO Private Wealth; Dave Kelly, senior vice president and head of private wealth management & financial planning at TD Wealth; David Lang, global chief compliance officer (CCO) with RBC; Martin Lavigne, president, wealth management at National Bank Financial; Andrew Marsh, president and CEO of Richardson GMP Ltd.; Sylvain Perreault, CCO for Desjardins Group; Stuart Raftus, executive vice president (EVP) and chief administrative officer at Canaccord Genuity Group Inc.; Richard Rousseau, EVP and head of wealth management at Raymond James Ltd.; Deborah Starkman, CFO at GMP Securities L.P.; and IIAC president and CEO, Ian Russell.

“The IIAC board has the experience and dedication to guide the Canadian investment industry through the technology-driven transformation of capital markets and ongoing regulatory reform,” Russell said.