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It is not monolithic and includes such varied enterprises as pension fund investment managers such as AIMCo , insurance companies, investmentbanks, broker dealers, hedge funds, mortgage investment companies – and still others. However, this diversity should rather be seen as a source of strength, not as a vulnerability.
At the same time, Emond was rising through the ranks at Scotiabank, spending four years as the investmentbank’s head of Quebec. Then he moved to Toronto to lead the bank’s entire Canadian corporate banking and global investmentbanking teams. One is the intense scrutiny on the Caisse. Why not do both?
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