CALGARY and TORONTO, Feb. 12, 2018 /CNW/ - The Private Capital Markets Association of Canada (PCMA) and the National Exempt Market Association (NEMA) are pleased to announce their merger, thereby strengthening the private capital and exempt markets industry and making the new entity the largest private capital markets community in Canada.
The combined entity will retain the name Private Capital Markets Association of Canada (PCMA) in order to best reflect the evolution of the name of the industry in which its members operate.
Initially, the PCMA's membership base and activities were principally based in Eastern Canada, and NEMA's membership base and activities were principally based in Western Canada. However, as each association expanded, their respective operations have increasingly overlapped.
To ensure the private capital and exempt markets have a unified industry voice, and to better leverage the skills, experiences and relationships of their respective leadership teams, the PCMA and NEMA have agreed to merge their respective associations.
"After years of battling alongside one another, I'm extremely excited about the next chapter in advocacy for our industry with one unified voice," said Craig Skauge, Founder, President and Chairman, National Exempt Market Association. "NEMA's well-known grassroots advocacy efforts and the PCMA's political efforts and relationship-building, complement each other extremely well, and together position the private capital markets to have the strongest voice possible at a critical time in the capital markets," Skauge added.
"The PCMA has worked tirelessly for our members over the last 15 years," said Doug Bedard, Chair, Private Capital Markets Association of Canada. "During that time we have demonstrated our commitment to our industry through advocacy, professional development and a variety of events including our annual conference and national awards. Our efforts have contributed to the substantial growth of the association. Now, with the merger of our colleagues at NEMA, our association will truly be the one voice of the private capital markets. The two associations have worked often on the same committees and advocated in parallel on numerous industry and regulatory issues. It is with great pride in our membership and the dedicated work of our respective boards, that we are one association," Bedard said.
PCMA member benefits will continue uninterrupted at full value and NEMA members will be contacted in coming weeks to join the PCMA. The PCMA-NEMA union will greatly benefit members from coast to coast and assist them in preparing for growth and transformation in their respective businesses and to collectively build upon their successes.
Since 2002, the Private Capital Markets Association of Canada (PCMA) has brought together exempt market dealers, exempt market product issuers, dealing representatives, and professional advisers to the exempt market. The PCMA is the leading national industry voice for the private capital markets to securities regulators, government agencies and the capital markets.
The PCMA provides valuable services and benefits to its members, including: networking, regulatory and compliance resources, opportunities for professional development and industry education, exclusive insurance programs, and access to a network of private capital markets professionals from coast to coast.
Similar to the PCMA, the National Exempt Market Association ("NEMA") is a not-for-profit organization that was established with a mandate to be an industry voice for its members in respect of promoting and fostering the private capital markets in Canada. NEMA was incorporated under Alberta's Society Act on March 9, 2011 with the name "Western Exempt Market Association". On February 28, 2013 it filed Articles of Amendment to change its name to "National Exempt Market Association".
SOURCE Private Capital Markets Association of Canada (PCMA)
For further information: For more information about this merger, please contact: Georgina Blanas, Executive Director, Private Capital Markets Association of Canada, c: 416-301-2677