Portfolio Management Association of Canada

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. 

History of Portfolio Management Association of Canada 

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. 

Services of Portfolio Management Association of Canada 

PMAC member organizations can access a range of services, including: 

  • Advocacy: PMAC actively represents its members' views to securities regulators and government agencies. 
  • Public awareness: The association works to increase public knowledge about the benefits of independent portfolio management. 
  • Business services: PMAC provides valuable commercial services to its members, including networking events, seminars, and insurance coverage. 
  • Standards advancement: A key objective is to promote high standards of unbiased portfolio management in the interest of investors.  

Culture at Portfolio Management Association of Canada 

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. 

About Portfolio Management Association of Canada President Katie Walmsley 

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). 

Future at Portfolio Management Association of Canada 

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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