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The Voice of Canada’s Investment Funds Industry

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Pira Kumarasamy
Senior Manager, Communications and Public Affairs

News Release

IFIC Congratulates OBSI’s New Ombudsman and CEO

Toronto, ON – August 5, 2015 – The Investment Funds Institute of Canada (IFIC) issued a statement today congratulating Sarah P. Bradley on her appointment as the next ombudsman and chief executive officer of the Ombudsman for Banking Services and Investments (OBSI).

“IFIC looks forward to working closely with Ms. Bradley over the coming months and years to advance investor interests,” noted IFIC’s president and CEO, Joanne De Laurentiis. “She brings a wealth of industry knowledge to this role as the outgoing chair and CEO of the Nova Scotia Securities Commission.”

“OBSI achieved a number of milestones under the leadership of former ombudsman Douglas Melville and board chair Fernand Bélisle, De Laurentiis noted.  “Ms. Bradley joins OBSI as it is poised to move forward with a broadened mandate and renewed focus.”

IFIC works collaboratively with OBSI to increase industry understanding and awareness of OBSI’s approaches to dispute resolution and to support OBSI in its efforts to better understand the industry’s internal processes.

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.

IFIC and its members work with public policymakers to ensure that policy and regulatory decisions are taken with full knowledge of their potential impact on investors and investment funds providers, and with a view to creating a level playing field across financial products and services. As of June 30, 2015, Canadians have accumulated savings of $1.22 trillion in mutual funds.

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For more information:

Sara Clodman, Senior Manager. Public Affairs,, 416-309-2317