Q & A
PCMA MEMBER PROFILE
Q: Tell us about your background and career?
A: Originally from England, I ended up in Vancouver in the early
‘80s after a brief stint in Calgary. Ironically, it was in Vancouver that
I joined an oil and gas exploration, development and investment
company, which ultimately graduated from the Venture Exchange
to the TSE. This company was part of a group of public and private
companies, all, with the exception of the oil and gas company,
related to financial services: insurance, mortgage broker, real
estate investment, mutual fund dealer and a small private trust
company, Western Pacific Trust Company (WPTC). The diversity
of these companies provided a great training ground, governed
by a host of different regulators, operating respectively as a
non-deposit taking trust company, reporting issuer, dealer, broker
and investor. In a reverse take-over, WPTC was listed on the TSXV
in 1999, but it wasn’t until 2007 that we identified the underserved
trust business niche that is the core of our business today.
Q: What is your company’s focus in the exempt market?
A: WPTC offers self-administered tax deferred plans: RRSPs, LIRAs,
TFSAs to hold eligible private securities. We work with issuers,
exempt market dealers and their investors to provide efficient,
affordable, and knowledgeable trustee services to the exempt
market. As we say, we know that we are not the object of the
exercise, something which in the provision of services sometimes
seems to be forgotten. All our efforts are directed toward facilitating
the raising of private capital for qualified investments, while offering
investors the opportunity to enjoy the tax deferred benefits of a
registered plan for their eligible private capital investments.
Q: In your opinion, what are the major challenges and
opportunities in the private capital markets?
A: A major challenge is the perception that the private capital
markets are riddled with fraud and should be avoided by the
wise investor – a view which is encouraged by unbalanced media
coverage and lobby groups of indeterminate support. Education
and informed discussion are critical to counter the clamour created
by sensationalist fear-mongering. On the opportunities side, the
emergence of investment crowd-funding is an exciting and long
Q: What are the benefits of being a member of the Private
Capital Markets Association of Canada?
A: The quality of this organization is exceptional. We were
impressed by the high calibre of industry professionals associated
with the PCMA, and their passion to advocate for and represent,
directly or indirectly, all participants in the private capital markets.
Dealers, issuers, industry experts and service providers all have a
voice within the PCMA, and ultimately the exempt market investor
is better served by this diverse and talented group.
For members like us, the PCMA provides important networking
opportunities, an informed regulatory and educational resource
and a forum for discussion of practical matters facing members in
their various roles. As PCMA members we are active participants
in shaping the future of Canada’s private capital markets.
Become PCMA Member today and make a statement that you
are committed to your profession and highest standards of
business conduct. Join now at www.pcmacanada.com
Western Pacific Trust Company
Private Capital Markets
Association of Canada
Western Pacific Trust Company