The Private Capital Markets Association of Canada (PCMA) and the National Exempt Market Association (NEMA) are to merge, creating the largest private capital markets community in Canada in the process.
The combined organisation 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,” says 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.”
“The PCMA has worked tirelessly for our members over the last 15 years,” says 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.”
