Industry moves: David Sykes takes the reins at TD Asset Management

Each week, we summarize notable moves across the financial industry.

• David Sykes is now CEO of TD Asset Management (TDAM), following the retirement of Bruce Cooper after 10 years in the role, and more than 25 with TDAM in total. Sykes has been with TDAM since 1999 in various roles, most recently serving as head of investments and chief investment officer (CIO) for four years. Before that, starting in 2014, he led the public equities team, and was previously an analyst in the equity group. Cooper also previously served as CIO of TDAM.
• Shawn Malloy has joined Richardson Wealth as an assistant branch manager, after two years as branch manager at Fortüna Wealth Management. Malloy has served in similar roles at BMO and BMO Nesbitt Burns, as well as Scotia McLeod over the past 20 years.
• Steven Carinci has joined Designed Wealth Management as a senior wealth advisor, after five years in the same position with Foster & Associates Financial Services Inc. He brings more than 25 years of industry experience, starting with CIBC Wood Gundy in 1999, and more recently serving as a senior vice-president and investment advisor with Hampton Securities Ltd. and before that at 3Macs, part of Raymond James Ltd.
• Alpesh Sethia has joined First National Financial LP as chief product and technology officer. He previously served as chief technology officer (CTO) at the Healthcare of Ontario Pension Plan for more than two years, and before that, spent more than 12 years with TMX Group Ltd. in various roles, including CTO.
• Louis-Simon Duval has been named sales and distribution leader for life insurance with National Bank Insurance. He’s been with the division of National Bank for more than eight years, most recently as associate vice-president. He’s also served in other roles at the bank over his 20-year career, including branch manager and senior marketing director, wealth management and financial markets.
• Catherine Roome has been appointed president and CEO of real estate developer and manager Concert Properties, starting May 26, and will take over from interim CEO John Dooley, who’s also managing director and chief financial officer. Roome has three decades of experience in leadership roles in infrastructure, regulation and public interest organizations, and co-founded Pulse Technologies in 2022. She previously served as president and CEO of Technical Safety BC for more than a decade. Concert is owned by union and management pension plans and institutional investors.
• Angie Radiskovic has been appointed deputy superintendent, supervision at the Office of the Superintendent of Financial Institutions as of June 10, as Ben Gully heads to a new position with the Basel Committee on Banking Supervision. Radiskovic is currently deputy superintendent in risk, strategy and policy. Jing Yang will be taking on that role starting Aug. 24, leaving the Bank of Canada after nearly 12 years in various roles, including managing director.
• Janice Lederman and Paul Geyer have resigned from the board of Montfort Capital Corp. In a release, the company said they would not be replaced, and that the board’s “current composition” of four members is “appropriate for the company’s scale of operations.” The private credit asset manager also reported that it’s in talks with Cortland Credit Lending Corp., which recently issued demands related to credit facilities extended to a Montfort company fund, Pivot Financial I Limited Partnership.

If you know of other people moves in the financial industry and/or would like us to consider your announcement, email Alisha Hiyate at alisha.h@newcom.ca.

Alisha Hiyate

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Alisha Hiyate is managing editor with Investment Executive and Advisor.ca. She has 19 years of journalism experience covering mining and markets. Email her at alisha.h@newcom.ca.