Edna Chu

Edna Chu

LL.B., J.D., MBA
Counsel and Compliance Consultant
edna.chu@northstarlegal.ca

Edna Chu is joining North Star Legal as Counsel and will also act as a Compliance Consultant with North Star Consultants. She has more than 30 years of legal and compliance experience in Canadian wealth management. A compliance leader firms bring in to build, fix and integrate, her experience includes designing compliance programs from the ground up, strengthening existing programs, including remediating regulatory enforcement and internal audit findings, and serving as the compliance subject-matter expert on complex reorganizations, integrations and significant regulatory change at large financial institutions. She is also qualified to act as Chief Compliance Officer for securities-regulated firms.

Since 2018, Edna has run her own consulting practice, advising major Canadian banks on compliance transformation, significant regulatory implementations and business integrations. At TD, she has supported the Compliance Transformation program and Wealth Compliance, and the implementation of the Client Focused Reforms. At RBC, she was the compliance subject-matter expert for the integration of the RBC and HSBC Canada mutual fund dealer registrants.

In January 2017, Sentry Investments recruited Edna as Senior Vice President and Chief Compliance Officer as part of its commitment to best-in-class compliance standards in response to an OSC enforcement matter that began prior to her arrival. Edna worked directly with the independent consultant to oversee the implementation of its recommended enhancements to Sentry's policies, procedures and internal controls.

Before Sentry, Edna spent almost ten years as Vice President and Deputy Head of Wealth Management Compliance at Scotiabank, overseeing compliance across portfolio management, mutual fund manufacturing and distribution, insurance, trust and private banking, along with a registration department serving more than 10,000 individual registrants. She was the compliance subject-matter expert for major reorganizations and integrations, including the integration of the DundeeWealth and Scotiabank asset management businesses into 1832 Asset Management, and for the implementation of significant regulatory changes, including the NI 81-107 Independent Review Committees and NI 31-103 Registration Reforms.

Earlier, as Chief Compliance Officer at MD Financial Management (CMA Holdings) and at Canada Life, Edna designed and implemented comprehensive compliance programs from the ground up, covering portfolio managers, investment fund managers, a trust company, insurance businesses and an investment dealer.

Edna began her career practising corporate and commercial law at Lang Michener LLP (now McMillan LLP) and was later Legal Counsel at TD Bank.

She is a member of the Embark Independent Review Committee and previously chaired the Independent Review Committees of CST and Harvest Portfolios Group. Edna sits on the board of The Veritas Foundation, where she chairs the Investment Committee and is a member of the Audit/Finance Committee.

Edna holds a J.D. from the University of Detroit Mercy, an LL.B. and an MBA from the University of Windsor, and a BBA from Wilfrid Laurier University.