Streetwise newsletter: New CEO for iA Financial Group; oil junior Junex to merge with Cuda – The Globe and Mail
CEO appointment: After 18 years as president and chief executive officer of iA Financial Group, industry veteran Yvon Charest is set to retire in September and pass the reins over to chief operating officer Denis Ricard. Story (Clare O’Hara, for subscribers)
Energy merger: Quebec oil junior Junex Inc. is merging with Calgary’s Cuda Energy Inc., the latest driller to lose its independence in the French-speaking province as Premier Philippe Couillard’s government moves to tighten the rules on oil and gas exploration and production. Story (Nicolas Van Praet, for subscribers)
Street shuffle: Royal Bank of Canada’s U.S. compliance chief is no longer with the firm, at least the third executive to depart in the past two months. Story