The GIPS Standards Expand to Canada
The GIPS Executive Committee is pleased to announce that the Canadian Investment Performance Committee (CIPC) has been endorsed as the official sponsor of the Global Investment Performance Standards (GIPS) in Canada. This country sponsor endorsement represents the 29th country to formally adopt the GIPS standards. Administered by the CFA Institute Centre for Financial Market Integrity, the success of the GIPS standards is the result of an alliance of sponsors across Europe, North America, Asia-Pacific, and Africa. These key industry groups contribute significantly to promoting and developing the GIPS standards. (View all groups involved in GIPS promotion and development.)
Jonathan Boersma, CFA, executive director of the GIPS standards, commented, “The GIPS Executive Committee is pleased to have the CIPC share the important role of promoting the GIPS standards in Canada. By becoming a country sponsor, the CIPC will work to raise awareness of the GIPS standards. Their participation demonstrates a strong commitment to promoting global best practices.”
“The GIPS standards provide a global standard for reporting investment performance, resulting in the additional transparency investors need when comparing investment managers and a level playing field for managers that are competing for new business. As a sign that the GIPS standards continue to be adopted across the globe, the GIPS Executive Committee is pleased to welcome the CIPC as the latest GIPS country sponsor” said Stefan Illmer, chair of the GIPS Executive Committee and director, head of client reporting at Credit Suisse.
About the GIPS Executive Committee
The GIPS Executive Committee serves as the decision-making body responsible for the development and implementation of the GIPS standards. It also promotes the adoption and implementation of the GIPS standards throughout the world as the common method for calculating and presenting investment performance.