14 Feb Croesus is proud to contribute to the success of the 2022 Bourstad Challenge
Montréal, Québec, Canada – February 14, 2022
Croesus is proud to participate in the success of the 35th stock market simulation competition, the 2022 Bourstad Challenge, which will take place over the next two months across Canada.
From February 14 to April 14, 2022, participants in the 2022 Bourstad Challenge will manage a virtual portfolio of $200,000 to be invested in securities on the stock market. The competition brings together participants from high schools, CEGEPs, universities, and the general public.
Participants will compete in one of three categories: financial performance, portfolio management, and responsible investing. The jury will award nearly $30,000 in scholarships at the awards ceremony in May 2022. One of the participants will also win a three-month paid internship at Croesus.
The Bourstad program is an initiative of the Centre interuniversitaire de recherche en analyse des organisations (CIRANO), which promotes and supports financial education. In 2020–2021, the program reached over 10,000 participants, including nearly 3,000 in the 2021 Bourstad Challenge.
“At Croesus, we are committed to developing financial literacy. Which is why we are pleased to support programs like Bourstad that train the next generation of investment professionals. Our partnership is a natural fit with our values of social commitment, and we wish the best of success to all participants in this 35th edition of Bourstad,” said Matthieu Cardinal, Vice-President of Business Development and Strategic Partnerships at Croesus.
“CIRANO and Croesus formally partnered in 2020 through the Bourstad Financial Education Program. We are extremely pleased with this partnership, which has a key objective of encouraging academics to participate in the Bourstad Challenge. Our partnership also fits perfectly with CIRANO’s initiatives to increase awareness of career opportunities in the financial sector for students at all three levels of education,” said Paul Bourget, director of CIRANO’s Bourstad program.
Founded in 1987, Croesus is a WealthTech offering cutting-edge, easy-to-use, and highly secure wealth management solutions. A leader in the sector with over 180 employees in Montréal and Toronto, Croesus’s solutions include a portfolio management system, centralized portfolio rebalancing, and application programming interfaces (APIs) to help wealth management professionals make informed decisions and maximize performance. Croesus’s offering is designed for interconnectivity and third-party integration to provide a best-in-class user experience and to meet the regulatory requirements of the investment process. Croesus has won several awards and industry recognition as a high-quality product supplier and a remarkable employer.
The Centre interuniversitaire de recherche en analyse des organisations (CIRANO) is a multidisciplinary research, liaison, and transfer center whose mission is to accelerate the transfer of knowledge between research and practice (www.cirano.qc.ca).
Frédéric Le Bouar
Director of Product Marketing and Business Promotion