Head of major Canadian firm steps down

Head of major Canadian firm steps down

Head of major Canadian firm steps down Nicolas Heffernan

Tuula Jalasjaa has stepped down as the Managing Director & Head of HollisWealth.

“She left effective Feb 11th to pursue other opportunities,” a spokesperson told WP.

The search for a successor to Jalasjaa is expected to be completed in the next few weeks, but in the meantime, the business will report to Glen Gowland, SVP, Canadian Wealth Management at Scotiabank. During the interim period, day to day accountability for the business will be handled by Farhan Hamidani, Managing Director, Retail Services, Project & Support, HollisWealth.

Jalasjaa has been with Scotiabank for 18 years in both Wealth Management and Global Transaction Banking. In addition, she has been a strong advocate for Women in Wealth over the last number of years.
  • Gerry 2016-02-21 3:11:46 PM
    What does this mean as to the "independent advisory status" of HollisWealth going forward? Parent is Scotia Bank, so does this resignation mean LESS independence?
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  • Jason 2016-03-03 1:27:48 PM
    Yes, there is way less independence since Scotia bought them. Scotia will use them to flog their Scotia product, and make it near impossible for HollisWealth guys to put clients in anything not Scotia or in the private market, regardless if it is in the best interest of their clients.
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