After 10 years in operation, Wealthsimple CEO Michael Katchen says an initial public offering could be in the cards at some point in the future, while an acquisition remains unlikely.
Michael Katchen, CEO of Wealthsimple, joins BNN Bloomberg to reflect on the past 10 years for the company and their growth to $50 billion in AUM
Despite the view that a merger or acquisition isn’t in the best interest of the company at this time, Katchen said an initial public offering could be a future possibility. When asked what it took to get them there Katchen said “It’s taken scale, and it’s taken a commitment to using technology to automate so much of the back office that we can offer all of those savings back to our clients in the future.”
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