NEMA and PCMA merge, ensuring stronger unified voice for the private capital markets in Canada
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.
One membership. One voice. All the benefits.
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.
In the meantime, simply continue to support PCMA initiatives. The PCMA marquee events are in full swing. To celebrate this exciting merger, an exclusive networking event will take place on April 11, 2018 in Toronto, and the PCM Awards will now take place in Calgary in October.