Canada

Farah Kamal has departed from her role as director of new investment products at Wealthsimple to launch a new product and consulting firm

A lack of discussion between all market participants on securities lending recall cutoff times has become a main concern during the move to T+1, according to Mathilda Yared, managing director of global securities finance at National Bank of Canada

Securities lending revenue for Q1 2023 was the highest generating quarter since 2018, according to Matthew Ross, associate director of EquiLend Data and Analytics Solutions

The CCMS collateral solution is targeted for Q3 2023 and will deliver improved automation, optimisation and collateral mobilisation, while bringing domestic triparty repo to the Canadian market for the first time

Securities finance and post-trade specialist Craig Kinart steps into the post-trade team at the Canadian Depository for Securities as senior manager for strategy and innovation

Robert Dias has become managing director, head of global prime services, collateral management and funding at Scotiabank Global Banking and Markets

Sam Farrell will have oversight of all US and Canadian operations for Torstone and will continue to expand the firm’s footprint in North America

The reaffirmation comes after the U.S. Securities and Exchange Commission confirmed 28 May 2024 as the US market’s "compliance date" for moving to a shorter standard securities settlement cycle