CEO
Wealthsimple
Wealthsimple founder and CEO Michael Katchen has led the robo-advisor through another banner year. At the beginning of 2020, the firm sold its Weathsimple for Advisors platform to Purpose Investments while also launching three new investor-facing businesses over the past 12 months. The biggest announcement was arguably the creation of Wealthsimple Cash, an all-in-one high-interest savings and spending account, which Katchen said will allow users to earn 2.4% interest on their cash. The launch marked another step in Wealthsimple’s push to become a one-stop shop for Canadians’ financial service needs.
