The Mutual Fund Dealers Association of Canada (MFDA) has appointed Karen McGuinness as President and CEO announced the organization on Sept. 16. In this position, she succeeds Mark Gordon who has taken on a new role as Strategic Advisor to the MFDA Chair.
McGuinness, who was most recently Senior Vice-President of Member Regulation, has been a part of the MFDA Senior Management Team since its inception in 1998 and has been leading the MFDA's integration efforts in the establishment of the New SRO.
The appointments of McGuinness as President and CEO, and Gordon as Strategic Advisor to the MFDA Chair, became effective Sept. 15.
"On behalf of the whole Board, I would like to extend a great deal of thanks to Mark who was instrumental in founding the MFDA and making it into one of Canada's leading regulators," said Steven Glover, MFDA Chair. "The Board is also very pleased to appoint Karen as CEO and believes she is best positioned to lead the final phase of the MFDA's transition to the New SRO. I look forward to working with both Mark and Karen in their new roles."
"I am proud of how much the MFDA has done to raise the standard of investor protection in Canada over the last 24 years and I would like to thank all MFDA staff, past and present, who have been instrumental in its success, and who will be equally instrumental in the success of the New SRO going forward," stated Gordon.
