MFDA approves directors at AGM

Two former regulators join board of directors

The Mutual Fund Dealers Association of Canada (MFDA) approved several directors to its board at the MFDA annual general meeting Thursday in Toronto.

Members approved a pair of former regulators — Les O’Brien, former chairman of the Nova Scotia Securities Commission and Barb Shourounis, former director the Saskatchewan Financial Services Commission — as public directors of the self-regulatory organization for three-year terms.

MFDA members also approved four industry directors — Patricia Callon, senior vice president and general counsel for Sun Life Financial Canada; Kirk Dudtschak, chairman and CEO of Royal Mutual Funds Inc.; Mark Kinzel, executive vice president, financial services, with Investors Group Inc.; and Michael Stanley, president of Sterling Mutuals Inc. — for two-year terms on the board.

Callon was also reappointed as vice chairwoman of the board, while public director Christopher Nicholls, a law professor at Western University, was reappointed chairman.

The MFDA also announced that it will hold its 2019 AGM on Nov. 28, 2019 in Toronto.

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