Intact Financial Corporation announced that Michael Katchen, Co-Founder and CEO of Wealthsimple, will be appointed to its Board of Directors effective July 25, 2022. Mr. Katchen has been called an Industry Mover by the Financial Post, a Change Agent by Canadian Business Magazine, and one of Toronto's 50 most influential people by Toronto Life. He has received the Entrepreneur of the Year award from Ernst & Young, Canadian Startup Awards, and Techvibes, as well as been named one of Canada's "Top 40 Under 40." He is a graduate of the Richard Ivey School of Business at Western University.

Mr. Katchen is also an active member of the Business Council of Canada, is on the Board of the SickKids Hospital Foundation, and the Wealthsimple Foundation, an initiative that helps children from low-income families save for post-secondary education.