Our leadership

Guiding iA Clarington is a team of industry veterans who bring proven depth of expertise, insight and enthusiasm.


Carl Mustos, MBA

Carl began his career in the mutual fund industry in 1993 as an inside wholesaler with Global Strategy. He held senior wholesaling roles in Vancouver and Calgary before returning to Toronto in 2013 to join Mackenzie Financial. Prior to his appointment as President of iA Clarington, Carl was the company's Senior Vice-President and National Sales Manager for almost eight years.

Carl brings to iA Clarington a wealth of experience in mutual funds, managed solutions and other investments. He holds an MBA in international business from McMaster University and completed a postgraduate fellowship in international studies at the Boeki Kenshu Centre at Shizuoka University in Fujinomiya, Japan.


Nancy Cappadocia, CPA, CA
Vice-President, Finance & Chief Financial Officer

Nancy joined iA Clarington in 2008 and has over 20 years of investment industry experience. Prior to joining iA Clarington, Nancy held progressively senior roles, including Chief Financial Officer and Vice-President of Finance, at Altamira Investment Services.

After graduating from the University of Toronto with a Bachelor of Commerce, Nancy joined Deloitte & Touche and earned her CA designation. She is a member of the Chartered Professional Accountants of Canada.

Andrew Dalglish

Andrew Dalglish, CPA, CA
Senior Vice-President, Chief Operating Officer

A highly respected veteran of the financial services industry, Andrew brings over 20 years of leadership experience to iA Clarington. He previously served as CEO of MRS Securities Services and MRS Inc., Chair of Winfund Software Corporation, Executive Vice-President and Chief Operating Officer of Mackenzie Financial Corporation, and has held various other roles.

Andrew brings extensive experience and a unique perspective to iA Clarington, having spent a decade at Deloitte & Touche, and serving as a past director at the Federation of Mutual Fund Dealers, IPC Investment Corporation, FundSERV Inc. (including a term as board Chair) and MFDA Investor Protection Corporation. Andrew graduated with an Honours Bachelor of Commerce from Queen's University.


Dolores Di Felice, LLB
Vice-President, Chief Legal Counsel & Chief Compliance Officer

Dolores joined iA Clarington in 2013 and has over 25 years of experience in corporate and securities law, focusing on capital markets and the investment management industry. She was previously a partner at Borden Ladner Gervais LLP, one of Canada’s premier law firms, having joined the firm in 1994. Dolores earned a BA and LLB from the University of Toronto, and was called to the Bar of Ontario in 1994. She is a member of the Law Society of Ontario and the Canadian Bar Association.


Adam Elliott
Senior Vice-President & National Sales Manager

Adam joined iA Clarington in 2018 and has almost 20 years of mutual fund sales experience. He previously spent 18 years at Dynamic Funds, holding a variety of senior roles that included Regional Sales Manager for Ontario and Senior Executive, Business Development.

Adam earned an Honours BA in History and Political Science from McGill University and is working towards his Chartered Investment Manager (CIM) designation.


Eric Frape, CFA
Senior Vice-President, Product & Investments

Eric has over 18 years of industry experience, with expertise in developing and bringing to market innovative investment solutions, including closed- and open-ended investment funds, managed and structured products and Canada’s first guaranteed life-cycle funds. He is also responsible for overseeing iA Clarington's internal and external portfolio managers, and leads the Investment Oversight Committee.

Eric is a CFA charterholder and a member of the CFA Society Toronto. He graduated from the University of Western Ontario with an Honours BA in Economics.


Rob Martin
Vice-President, Product Management & Marketing

Rob joined iA Clarington in 2015, bringing 20 years of domestic and international experience in financial services marketing and product management. He previously held senior positions at Mackenzie Investments, overseeing product management, marketing, brand and advertising. Prior to that, he spent over 10 years at Fidelity Investments in a variety of senior marketing roles, including Head of Investment Marketing for Fidelity Asia (Tokyo) and Head of Marketing for Fidelity International (Hong Kong).

Rob holds a BA from Western University and an Honours Bachelor of Commerce from the University of Windsor.