QTrade Financial Group officially has a new CEO at the helm. Bill Packham has been formally appointed the position by the company’s board of directors following a stint as interim CEO as of January 2015.
Packham has also been co-chair of QTrade’s board of directors since April 2013, coinciding with its new status as a Desjardins affiliate.
During his interim role, he is credited with reorganizing the wealth management company’s leadership team. In addition to running a full service and online brokerage, QTrade also runs a mutual fund dealership, asset management, correspondent and institutional services, as well as insurance.
"Under his direction, Qtrade has won a number of significant new partners, including credit unions, insurers, and investment dealers,” says John Sibley, Qtrade’s Board co-chair and director. “We have also seen strong financial results—client assets grew from $10 billion to a record level of nearly $12 billion. We have absolute confidence that Qtrade is positioned for continued success as a partner of choice in the financial services space."
Denis Berthiaume, Desjardins senior executive vice-president and general manager of Wealth Management and Life and Health Insurance, says Packham’s leadership has helped the company weather what has been a turbulent year for the financial services industry.
"His depth of experience allowed him to effect a remarkably smooth leadership transition and establish a strategic direction to drive growth in a highly competitive sector. We are delighted to have someone with his knowledge of the industry and his vision to take Qtrade to the next level."
Previously, Packham has held a number of senior positions in wealth management and financial sectors, including president, CEO and director of Rockwater Capital Corporation, Merrill Lynch Canada, Midland Walwyn Capital, Blackmont Capital and Financial Concept Group. He joined Desjardins Group in March 2012, and will continue as executive managing director of Wealth Management and Life and Health Insurance in addition to his new role as CEO.
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