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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 Welcomes New Affiliate

Toronto, ON – July 8, 2016 – The Investment Funds Institute of Canada (IFIC) is pleased to announce that Prometa Fund Support Services Inc. has joined IFIC as an affiliate.

“On behalf of our board and growing membership, I am pleased to welcome Prometa Fund Support Services Inc.,” said Joanne De Laurentiis, IFIC’s president and CEO. “IFIC is the only trade association that brings together fund managers, distributors and professional services firms in a forum where they can work collaboratively to foster a strong, stable investment sector,” said De Laurentiis.

“Each new member and affiliate broadens our understanding of industry concerns, and strengthens our ability to represent the full spectrum of industry and investor interests.”

Based in Winnipeg, Prometa is a Canadian owned back office service provider that administers over $8 billion in assets for 90 funds, including labour sponsored venture capital corporations, hedge funds and mortgage investment corporations. Founded in 2006, Prometa administers services to mutual funds of all sizes throughout the Canadian funds industry and is FundSERV compliant.

“We look forward to the input of Prometa as the industry continues to strengthen the investor experience and promote policy and regulatory solutions that promote a robust investment sector,” De Laurentiis added.

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 funds industry and its investors for more than 50 years.

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For more information:

Andrew Perez, Communications Specialist, Public Affairs: 416-309-2313,