Commodity futures and options brokerage Union Securities has named a new CEO, president and executive committee.
Union Securities, an investment dealership headquartered in Vancouver with 16 other offices across Canada and a British office in London, last week named John MacPhail as its new CEO and Arden Cornford as its new president.
Vice-chairman John Thompson and chairman Norman Thompson had previously held the two positions, the company said in a release. The two brothers, operating the firm founded in 1963 by their father, Norman Thompson Sr., said in a release they “feel that making room for these new appointments is key to our continued growth and success.”
MacPhail, who came to Union Securities in 2007 as its executive vice-president and managing director of capital markets, has been in the industry since his stint as a floor trader at the Vancouver Stock Exchange starting in 1982. He also previously held executive positions at Yorkton Securities and at Research Capital Corp.
Cornford, who until now has been executive vice-president of corporate and regulatory affairs for Union Securities, was previously president of ADP Investor Communications, vice-chairman and CEO of FundServ Inc., and in corporate administration at Dofasco.
Along with MacPhail and Cornford, the company’s executive committee will now include the firm’s CFO Scott Taylor, Martin Lang, its chief compliance officer and Rob Titerle, Union’s chief administrative officer and chief information officer.
The company, which employs over 300 people, has product offerings such as equity trading, fixed-income investments, corporate finance and wealth management services as well as its commodities trading business.