Aequitas Innovations Inc. and Aequitas NEO Exchange Inc. have announced a series of appointments to their respective boards of directors on the heels of a recent round of financing earlier this month, according to an Aequitas statement.
Aequitas NEO Exchange is a proposed stock exchange, rivaling the Toronto Securities Exchange (TSE) in Canada. Aequitas also represents a joint venture between several leading financial entities including RBC, IGM Financial, CI Financial, PSP Investments, ITG and Barclays.
Following the new appointments, NEO’s Exchange board will see independent director, Susan Wolburgh Jenah, as its newest Chair. She joins the board following a stint as Governor of the U.S. Financial Industry Regulatory Authority, as well as formerly serving as President and CEO of the Investment Industry Regulatory Organization of Canada and former Vice-Chair of the Ontario Securities Commission (OSC).
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Moreover, NEO Exchange board will also consist of four new independent directors and five non-independent directors, collectively bringing the total number of NEO Exchange directors to ten. Presently, half of the NEO Exchange boards, including its Chair, are independent. The other independent directors are as follows:
- Vincent Chahley
- Dave Lauer
- Perry Dellelce
- Alan Hutton
According to Greg Mills, Aequitas’ Chair, in a recent statement on the board appointments, “These individuals bring a wealth of capital markets skills and experience to Aequitas. It is my great honour to welcome them to the boards and I am confident they will keep Aequitas true to its founding vision at all times.”
“It is an honour to serve as the Chair of an organization that is working to transform the Canadian capital markets. The goal of the NEO Exchange is to fairly address the needs and interests of investors, capital-raising companies and dealers alike. I look forward to working with the board and management team to bring to life their vision of a marketplace that will advantage all,” noted Susan Wolburgh Jenah, NEO Exchange Chair, in an accompanying statement.