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Charlie Spiring, founder and former chief executive of mid-size brokerage Wellington West Holdings Inc.

Ken Armstrong/The Globe and Mail

Charlie Spiring has joined the board of the The Investment Industry Association of Canada as its new chair.

The Winnipeg-based Mr. Spiring is best known as the founder and former chief executive of mid-size brokerage Wellington West Holdings Inc. The business was bought by National Bank Financial Inc. in 2011 to increase itss presence beyond Quebec. Mr. Spiring is now a director and vice chair at NBF.

"The need for a strong industry association and voice for the Canadian securities industry to speak out constructively on the regulatory process and on public policy has never been greater," said Mr. Spiring in a release. He emphasized the rapid pace of incoming regulatory proposals, and the need to argue for cost-effective regulation as areas of focus.

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Mr. Spiring takes over for Roman Dubczak, head of equity markets at CIBC World Markets. Mr. Dubczak plans to stay on the board for one more year.

The IIAC board is also welcoming four other new board members:

-Sandy Cimoroni, president at TD Mutual Funds

-Mario Frankovich, CEO of Burgeonvest Bick Securities Ltd.

-Peter Meyers, head of Canadian investment and corporate banking at BMO Nesbitt Burns Inc.

-Deborah Starkman, CFO at GMP Capital Inc.

(Jacqueline Nelson is a Globe and Mail Financial Services Reporter.)

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