Deven Shah joins iA Wealth
Joined iA Wealth in 2023 and now leads the Structured Products team (only the year is published).
Corporate Finance Advisory
The capital markets division of iA Private Wealth: equity, debt and structured-product underwriting, M&A advice and trading, with retail distribution through iA's advisor network.
iA Capital Markets is a division of iA Private Wealth Inc., part of iA Financial Group (founded 1892, with more than $341 billion in assets under management and administration). From offices in Montreal, Toronto and Calgary it underwrites equity, debt and structured products (closed-end funds, split-share corporations and structured notes), advises on M&A and fairness opinions, and runs equity, bond and FX trading. Its distinguishing feature is direct placement through more than 700 iA Private Wealth investment advisors. In 2025 it reported taking part in 32 equity deals raising $1.7 billion and 17 debt deals raising $12.4 billion. Its published corporate finance team lists six people across origination and ECM/syndication.
0 open roles6 deals6 people19 sources
Primary and secondary equity underwriting and debt origination and structuring, with distribution through iA Private Wealth's advisor network.
Closed-end funds, split-share corporations, tax-assisted vehicles and private-equity-related products, plus principal-protected and principal-at-risk structured notes issued with major Canadian banks.
Sell-side and buy-side M&A, strategic and valuation advice, and fairness opinions for boards.
Equity, bond and FX desks in Toronto and Montreal, including algorithmic and block facilitation trading and a retail trading desk.
| Montreal | QC | headquarters |
| Toronto | ON | office |
| Calgary | AB | office |
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From the inside
Reasons that work in interviews
3 reasons for iA Capital Markets
Backed by a large Quebec insurer, which gives the dealer stability and a different client orientation from bank-owned desks.
Mid-market and small-cap Canadian issuers, so you work on deals where your contribution is visible.
Quebec and national coverage together: useful if you want Montreal without a purely regional mandate.
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Winter 2027
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Product 5
Sit inside investment banking and work across the coverage teams rather than holding clients of their own. M&A is the one to understand: it does the modelling and execution on deals most coverage groups originate.
Origination / Investment Banking
Coverage and origination bankers sourcing equity and debt mandates across industries.
Equity Capital Markets / Syndication
Equity syndication and ECM execution, led by a co-head of ECM, with distribution through iA Private Wealth advisors.
Debt Capital Markets
Debt underwriting; listed as a corporate finance section with no named members.
Structured Products
Underwrites closed-end funds, split-share corporations, tax-assisted vehicles and private-equity-related offerings.
Advisory
M&A advice on divestitures and acquisitions, strategic and valuation advisory, and fairness opinions.
Senior Managing Director, Head of Capital Markets
Leadership
Joined iA Capital Markets in 2021 with almost 25 years of industry experience. He runs the research, sales and trading operations and leads strategic efficiency projects. He was previously Managing Director and Head of Equities at CIBC World Markets in Montreal, and earlier a VP, sales and trader at Blackmont; BComm from Concordia.
Managing Director, Co-Head of Equity Capital Markets
Equity Capital Markets / Syndication
Co-heads equity capital markets and syndication, with a Montreal (514) phone number. No detailed bio is published.
Photo: iacapitalmarkets.ca (official) (opens in a new tab)
Managing Director, Head of Trading
Trading
Heads trading across the equity, bond and FX desks; Toronto (416) phone number. No detailed bio is published.
Photo: iacapitalmarkets.ca (official) (opens in a new tab)
Managing Director, Head of Fixed Income
Fixed Income
Joined in 2012 and runs the bond desk, trading for institutional clients and internal advisors across REITs, energy, telecom, infrastructure and retail credits. He has over 30 years in capital markets, including 10 years as head of fixed income at Penson Financial Services.
Managing Director, Origination Investment Banking
Corporate Finance
Leads origination and investment banking and is listed on the leadership page; no detailed bio is published. Has a Toronto (647) phone number.
Photo: iacapitalmarkets.ca (official) (opens in a new tab)
Managing Director, Structured Products
Structured Products
Leads structured products development and underwriting. He joined iA Wealth in 2023 as Head of Dealer Products and Oversight at iA Private Wealth, where he helped launch the Elite UMA program, and has nearly two decades in financial services.
Professional information only, drawn from official biographies and published reporting. BSO never lists private contact details.
May 18, 2021
Neighbourly Pharmacy Inc.
Underwriter (syndicate member) · Health Care (Pharmacy)
Neighbourly priced its IPO of 10.3 million common shares at $17.00 for gross proceeds of about $175 million, upsized from $150 million.
Mar 23, 2021
Dialogue Health Technologies Inc.
Underwriter (syndicate member) · Health Care (Virtual Care)
Dialogue priced its IPO of 8.33 million common shares at $12.00 for treasury proceeds of about $100 million.
Jul 2020
StorageVault Canada Inc.
Underwriter (as Industrial Alliance Securities Inc.) · Real Estate / Self Storage
StorageVault closed a $75 million bought deal offering of 5.75% senior unsecured hybrid debentures.
Feb 10, 2020
Great Canadian Gaming Corporation
Syndicate underwriter (as Industrial Alliance Securities Inc.) · Gaming & Leisure
Great Canadian announced a $180 million bought deal of 5.25% senior unsecured debentures due 2026 alongside a substantial issuer bid for up to $500 million of its shares.
Nov 25, 2019
Fortis Inc.
Underwriter (as Industrial Alliance Securities Inc.) · Power & Utilities
Fortis announced a C$1.1 billion common share offering: a C$600 million bought deal plus a concurrent C$500 million placement with an institutional investor.
Oct 2015
Hydro One Limited
Underwriter (as Industrial Alliance Securities Inc.) · Utilities
Seller Province of Ontario
The Province of Ontario sold common shares of Hydro One Limited in an initial public offering on the TSX underwritten by a 16-dealer syndicate.
Joined iA Wealth in 2023 and now leads the Structured Products team (only the year is published).
The former CIBC World Markets head of equities in Montreal joined iA Capital Markets, where he now heads capital markets (only the year is published).
No sourced people moves for this firm. BSO publishes a fact only once it can attribute it to a named source, so these stay off the page rather than being filled in from inference. If you know something published that belongs here, it is the fastest way to get it added.
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iA Financial Corporation / RF Capital Group (Richardson Wealth) · Jul 28, 2025 · richardsonwealth.com
Neighbourly Pharmacy Inc. via CNW · May 18, 2021 · newswire.ca
Dialogue Health Technologies Inc. via CNW · Mar 23, 2021 · newswire.ca
iA Financial Group (Cision / newswire.ca) · Jan 18, 2021 · newswire.ca
StorageVault Canada Inc. via GlobeNewswire · Jul 20, 2020 · globenewswire.com
Great Canadian Gaming Corporation via GlobeNewswire · Feb 10, 2020 · globenewswire.com
Fortis Inc. (Form 6-K, Exhibit 99.1) · Nov 26, 2019 · sec.gov
Fortis Inc. (Form 6-K, Exhibit 99.1) · Nov 25, 2019 · sec.gov
Bank of Nova Scotia via SEC EDGAR (6-K Ex. 99.1) · Dec 1, 2015 · sec.gov
Hydro One Inc. via SEC EDGAR (6-K Ex. 99.1) · Oct 29, 2015 · sec.gov
iA Capital Markets · Date unavailable · iacapitalmarkets.ca
iA Capital Markets · Date unavailable · iacapitalmarkets.ca
iA Capital Markets · Date unavailable · iacapitalmarkets.ca
iA Capital Markets · Date unavailable · iacapitalmarkets.ca
iA Capital Markets · Date unavailable · iacapitalmarkets.ca
iA Private Wealth · Date unavailable · iaprivatewealth.ca
iA Capital Markets · Date unavailable · iacapitalmarkets.ca
iA Capital Markets · Date unavailable · iacapitalmarkets.ca
Bay Street Oracle · Oct 8, 2026 · intelligence.baystreetoracle.ca
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Summer Analyst · Canada
The independents recruit on their own campus cycles rather than a common one, and the spread is wide: some post in the autumn for the summer after next, while others close as late as the end of January. Postings often sit on school career boards rather than a public careers page, so check both. BSO has not confirmed a timetable for iA Capital Markets on an official page: this records that the intake exists and what the category's cycle looks like, not a published date. Confirm with the firm before you plan around it.
Co-op / Off-cycle intern · Canada
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GuidanceOne prior internship: a small PE fund, a small investment bank, or corporate development.
Global bulge brackets and elite boutiques
Global banks
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Rising boutiques and mid-market independents
iA Capital Markets is hereBoutiques, small-cap dealers and deal advisory
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