Martin Lavigne to step down as head of NBF Wealth Management

first_img PenderFund names new SVP for investments CETFA elects new board leader The head of National Bank Financial Wealth Management is leaving his position at the end of the week, Finance et Investissement reported on Tuesday.NBF Wealth Management president Martin Lavigne will be replaced by Jonathan Durocher on May 8, the bank told the Montreal-based newspaper. Durocher has been president of National Bank Investments since 2014. Related news Share this article and your comments with peers on social media TD getting new head of private wealth, financial planning IE Staff Keywords Wealth management,  Appointments Horn speaker for public relations sign symbol, vintage color - sun with blue sky 123RF An internal memo said Lavigne’s decision to leave the role was mutual, as he explores other opportunities and spends more time with his family, Finance et Investissement reported.The memo said Lavigne helped the firm become an industry leader over his nine years in the role.Durocher, the memo said, who spent several years as vice-president of NBF Wealth Management, is passionate about financial advice. He’s also worked in partnership with various fintechs and is a board member of the Investment Funds Institute of Canada.Finance et Investissement is the sister publication to Investment Executive. Both publications are owned by Newcom Media. Facebook LinkedIn Twitterlast_img read more

After Target breach, Homeland Security warns retailers

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Investigators probing the recent holiday season cyberattack are warning retailers about sophisticated malware that potentially affected a large number of stores.By Evan Perez and Gregory Wallace  @CNNMoneyA homeland security official said Thursday that the malware is described in a government report that has been distributed to retailers.The warning follows a massive breach at Target that compromised credit card numbers and other personal information on up to 110 million customers.A private firm working on the investigation, iSIGHT Partners, said the hackers behind the malware “displayed innovation and a high degree of skill in orchestrating the various components of the activity.”“It’s not necessarily the specific malware components individually that make this new or sophisticated, but it’s really the size or scale of this operation at large that makes this unique,” said Tiffany Jones, senior vice president at iSIGHT Partners.The malware infects individual point of sale devices. It monitors data processed on the device, then transmits that data outside of the retailer, she said.It is especially hard to detect because it deletes records that could tell investigators it fraudulently transmitted the data, Jones added.The “malicious software has potentially infected a large number of retail operations,” Jones told CNNMoney.Jones declined to name specific retailers infected with the malware, but her description of its function is in line with experts’ understanding of the Target hack. A spokeswoman for Target did not immediately respond to a request for comment.“We’ve seen various types of malware that have done that, but its the first time that we’ve seen this attack at this scale of criminal operation,” she said. The malware manages to “covertly subvert network controls” and avoids current anti-virus software. continue reading »last_img read more

AEP makes barge business sale

first_imgHLPFI reported on March 24, 2015 that AEP had engaged Morgan Stanley to explore strategic alternatives for its inland barge subsidiary, which is headquartered in Chesterfield, Missouri, and owns around 2,301 barges, as well as 56 tugs. AEP acquired the barge transportation business, formerly known as MEMCO, from Progress Energy in 2001.  Upon close of the sale – which the company says is expected in the fourth quarter of 2015 – ACL will acquire AEP River Operations by purchasing all the stock of AEP Resources, the parent company of the barge business. ACL will then assume all assets and liabilities of AEP River Operations.AEP will retain ownership of its captive barge fleet that delivers coal to the company’s regulated coal-fuelled power plants owned by Appalachian Power, Kentucky Power and Indiana Michigan Power. No decision has been made about the future of that business, confirmed the company. www.aep.comwww.aepriverops.comlast_img read more

Wolmer’s, Vauxhall through with draw

first_imgVauxhall High secured their place in the second round of the ISSA/Digicel Manning Cup after battling to a 2-2 draw with Wolmer’s in the final Group E game at Windward Road yesterday.Wolmer’s, who were already assured their passage to the last 16, still had a slim chance of winning the group with a win and Jamaica College dropping points at José Marti. But the Alex Thomas-coached team found Vauxhall stubborn and resilient. Vauxhall head coach Keon Broderick praised the effort of his team for how they performed against tough opposition to advance to the second round for the third time in five years.“Coming up against a Wolmer’s team with so much talent, we knew it would be difficult,” he said. “I asked the boys to concentrate for 90 minutes, and they did that. We scored two goals, but [though] we gave up two soft goals, we did what we needed to do and got the point we deserved.”Wolmer’s captain Shamar McLean is focused on his team’s preparations for the second round. “It was a tough game against Vauxhall,” he said. “We came here with [the mindset] to get three points, but leaving with one is okay. Going forward, we [have to] just prepare, make sure we win the first leg (of the second round), and go from there.”The result meant that Wolmer’s finished on 28 points behind Jamaica College. Vauxhall, who finished on 23 points in third place, qualify as one of the two best third-place teams with Mona High from Group D. Mona finished with 24 points.Wolmer’s started the game brightly and had a chance to take an early lead in the eighth minute when they were awarded a penalty for handball, but Ronaldo Webster’s shot was saved by goalkeeper Stephen Brightly, who foiled the rebound when it fell to Webster. MAIN THREAT Vauxhall took the lead in the 24th minute when a good pass unlocked Chad André Jenkins, who fired low into the net past Deshawn Bernard. Webster redeemed himself in the 35th minute when his header from a Revaldo Mitchell cross levelled the match at one.Vauxhall forward Troy Nosworthy was the main threat for the home side and had a shot saved by Bernard. But four minutes from the end of the first half, Nosworthy fired Vauxhall back into the lead with a great one-time finish in the penalty area.The second half saw the visitors push for the equaliser, with Vauxhall trying to protect their lead. A free kick in the 60th minute presented Wolmer’s with a golden opportunity to restore parity, which they took when McLean caught Brightly off his line and his delivery sailed into the back of the net. [email protected]last_img read more

Sunil Narine rues missed World Cup opportunity

first_img(Reuters) – Sunil Narine has still not given up hope of a return to international cricket after missing out on a spot in West Indies’ World Cup squad due to injury, the spinner has said. The 30-year-old, who last played an one-day international in 2016, had come into consideration under the new selection policy of Cricket West Indies (CWI) but missed out due to a finger injury on his right hand.“I would have loved to play in the World Cup,” Narine, who is currently playing for the Kolkata Knight Riders in the Indian Premier League, told ESPNcricinfo.“I’ve missed international cricket and missed representing the West Indies. It’s where my heart lies. But I don’t feel my finger is quite ready for ODI cricket. “I can get through a T20 where I bowl just four overs. But even that isn’t easy and I need help from the physio. It’s holding me back from playing international cricket. I wouldn’t be able to do myself or the team justice.”Sunil NarineNew CWI president Ricky Skerritt had earlier this month announced a series of administrative changes including an overhaul of the selection panel, with Robert Haynes replacing Courtney Browne as interim head of selectors.As part of the old selection policy, availability for domestic tournaments was a requirement to be picked for West Indies squads, but Skerritt said selectors would be allowed to pick all players who make themselves available. “I’m really happy the selectors considered me. It shows they have faith in me,” Narine added.“I haven’t played international cricket in so long and this shows how much they want me to come back. It was good to have some conversations with them and I feel we’re all on the same page going forward.”West Indies, champions in 1975 and 1979, begin their World Cup campaign on May 31 against Pakistan in Nottingham.last_img read more