Skip to content
New directors on the board of the London company, which makes a digital wealth management platform used by banks, have a mandate to revamp its business model to make it more sustainable and mature, La Caisse CEO Charles Emond told The Globe and Mail. (The Globe and Mail)
Talking point: La Caisse and CPP Investments joined other major shareholders in FNZ in demanding a board shakeup amid concerns about losses the company incurred while expanding into new markets. FNZ is also embroiled in a court battle with minority shareholders, who allege they were unfairly diluted in funding rounds La Caisse and CPP Investments participated in. FNZ announced a new board chair earlier this month and five additional directors departed in June. Emond told the Globe that he has confidence in FNZ’s product, but the company needs to cut spending.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
Commentary
Carmichael: America’s wobbly bonds are Canada’s advantage in the trade war. Here’s why
Briefing
Ottawa commits $11B for six new icebreakers from Chantier Davie Canada
Board overhaul at U.K. fintech FNZ should rein in costs: La Caisse
WildBrain buys Personality AI in deal that could top US$70M
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
