AIC Diversified Canada Split Corp. · Burlington, ON Canada ·(TSX Venture: ADC)
Company Description
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This link will open in a new window AIC Diversified Canada Split Corp. provides investments for the highest growth segments, including wealth protection, wealth management, investment banking, retail banking and brokerage. Established in 1999, the company was one of Canada's first mutual fund split share product offerings. It was founded by Chairman and CEO Michael Lee-Chin who runs the company's affiliated fund management business, AIC Limited. To read the full description, subscribe now.
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Key AIC Diversified Canada Split Corp. Financials
| Company Type | - TSX Venture: ADC |
| 2005 Sales (mil.) | $0.0 |
AIC Diversified Canada Split Corp. Executives
16 executives listed for AIC Diversified Canada Split Corp.'s Burlington, ON location.
| Title | Name & Bio | Contact |
| Chairman | Michael Lee-Chin | Network |
| CEO, Chief Investment Officer, and Director | Jonathan Wellum | Network |
| CFO and Secretary | Victoria Ringelberg | Network |
Competition
Competitive Landscape for AIC Diversified Canada Split Corp.
Demand is driven by economic activity that results in company mergers, acquisitions, or public financing. The profitability of an investment bank depends on its ability to accurately assess both the value of a business transaction and the readiness of the market to buy the attendant debt or equity. Big firms have an advantage because large customer transactions require firms with substantial financial resources. Small investment banks can compete by participating in syndications and operating in regional markets or specialized industries. Although labor-intensive, the industry produces very high value: average annual revenue per employee at large firms is under $1 million. The global financial crisis of 2008-2009 dramatically altered the landscape of the investment banking industry. Morgan Stanley and Goldman Sachs, the only large firms still intact, have changed their status from investment banks to bank-holding companies. Both firms still engage primarily in investment banking, but former industry leaders such as Bear Stearns, Merrill Lynch, and Lehman Brothers have either been acquired or have filed for bankruptcy protection. The demise of these firms and the late 2000s recession have likely ushered in a new era in which the creation of innovative but risky financial instruments will be replaced by more traditional banking services. The new environment also means more industry oversight by the federal government, which had to step in and bail out dozens of financial services firms with billions of dollars of taxpayers' money. To read the full description, subscribe now.Top AIC Diversified Canada Split Corp. Competitors
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