Office address: 1 Toronto Street, Suite 905, Toronto, Ontario M5C 2V6, Canada
Website: www.pmac.org
Year established: 1952
Company type: Trade association
Memberships : 300+ firms
Expertise: Investment management
Parent company: N/A
CEO and key people: Katie Walmsley, President
Financing status: N/A
The Portfolio Management Association of Canada (PMAC) is the industry’s primary trade association, which serves as a voice and an advocate for portfolio management firms across the country. It represents more than 300 member organizations that manage a combined $2.9 trillion worth of assets on behalf of a diverse clientele. This includes pension funds, nonprofits, foundations, and high-net-worth investors.
The Portfolio Management Association of Canada (PMAC) was established in 1952 as the Investment Counsel Association of Canada (ICAC). The association changed its name in 2010 to better reflect its expanded scope and national membership.
Over the years, the PMAC has become the main forum for firms to share best practices and industry expertise. The organization has also evolved into an active voice for the industry. The association works with provincial securities commissions to address various issues impacting investors and their investment managers.
PMAC member organizations can access a range of services, including:
PMAC's culture is defined by its commitment to diversity, equity, and inclusion, with dedicated committees and networking groups fostering these values. The organization also emphasizes continuous learning and adaptation to emerging industry trends and regulatory changes.
Katie Walmsley was named president of the Portfolio Management Association of Canada in 2006. She is responsible for directing PMAC’s overall strategy, including advocacy, education, compliance support, and other member services.
Prior to her appointment, she was the senior director for Western & Atlantic Operations at the Insurance Institute of Canada (IIC). Walmsley also served as senior vice-president for corporate development at insurance giant Aviva Plc.
Walmsley earned a bachelor’s degree in commerce from Trinity College at the University of Toronto. She is also a Chartered Insurance Professional (CIP) and a Certified Human Resources Professional (CHRP).
PMAC is poised to continue its role as a key advocate and leader in the portfolio management sector. With its focus on high standards, member support, and industry advocacy, PMAC is well-positioned to navigate the evolving landscape of Canada's financial industry.
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