Five-year sponsorship agreement with the
College of Family Physicians of Canada will support students, family medicine
residents, family physicians, and recognition of excellence among
family doctors in Canada
TORONTO, July 15, 2019 /CNW/ - Today, Scotiabank and MD
Financial Management Inc. (MD), in collaboration with the Canadian
Medical Association (CMA), are announcing a $3.58 million investment to support professional
development for family doctors across the country as well as awards
and scholarships for medical students and family medicine
residents. Scotiabank and MD have also signed a five-year agreement
with the College of Family Physicians of Canada (CFPC) and its Foundation for Advancing
Family Medicine (FAFM) to support the next generation of family
doctors. Representing nearly half of all physicians in Canada, the CFPC is an important body whose
work touches the lives of all Canadians.
The $3.58 million in funding, to
be distributed over five years, is the latest in a series of
contributions Scotiabank is making to Canada's medical profession as part of its
10-year, $115-million affinity
agreement with the CMA. The funds will include annual investments
for:
- student and family medicine resident scholarships and awards,
including funds dedicated to Indigenous students and
residents;
- the CFPC's Family Medicine Forum, Canada's largest gathering of family
physicians for professional development, networking and celebrating
the outstanding achievements of family physicians including the
Family Physician of the Year awards;
- international fellowships in family medicine to support
advancing primary care globally; and
- family medicine interest groups at medical schools across
Canada to inspire students to
pursue rewarding careers in family medicine.
The announcement comes just after the CFPC celebrated the
anniversary of its founding in June
1954. Leveraging a combined 115 years of experience serving
the best interest of physicians, MD, Scotiabank, CFPC and FAFM will
work together to explore ways to develop new initiatives to support
family physicians in Canada.
"For 50 years, MD has invested in physicians and the issues most
important to them and their communities," said Brian Peters, President and CEO of MD Financial
Management. "This new sponsorship illustrates our ongoing
commitment."
"Scotiabank recognizes the crucial role of family physicians in
communities across Canada and is
proud to support them through this collaboration with the CFPC,
working together to recognize family doctors, provide scholarships
to medical students and family medicine residents, and connect the
best of family medicine to the international community," said
Glen Gowland, Executive Vice
President, Global Wealth Management at Scotiabank.
"We are so pleased to support the CFPC through this financial
contribution. Family medicine is the backbone of primary care in
Canada, and we must seize every
opportunity to connect the profession, celebrate its contribution
to patient care, and enable professional development," stated Dr.
Gigi Osler, CMA President.
"For 65 years and counting, the CFPC remains dedicated to the
training, certification and lifelong learning of family doctors,"
said CFPC President Dr. Paul
Sawchuk. "We are very grateful for the generous support from
Scotiabank and MD that will help us further enhance this important
work, create new opportunities to celebrate outstanding
achievements, and encourage a strong future in family medicine for
the people in Canada."
About Affinity Contributions
Scotiabank, MD Financial
Management (MD) and the Canadian Medical Association (CMA) together
are firmly committed to supporting the medical profession and
advancing health in Canada. As
proof of this commitment, and in collaboration with the CMA and MD,
Scotiabank will invest $115 million
over the next 10 years to support physicians and the communities
they serve across Canada.
Additional announcements for the physician community are
forthcoming, recognizing that such collaborations are essential to
support the profession and effect meaningful change.
About Scotiabank
Scotiabank is Canada's international bank and a leading
financial services provider in the Americas. We are dedicated to
helping our more than 25 million customers become better off
through a broad range of advice, products and services, including
personal and commercial banking, wealth management and private
banking, corporate and investment banking, and capital markets.
With a team of more than 99,000 employees and assets of over
$1 trillion (as at April 30, 2019), Scotiabank trades on the Toronto
Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS).
For more information, please visit www.scotiabank.com and follow us
on Twitter @ScotiabankViews.
About MD Financial Management Inc.
With 50 years of
physician-focused experience, MD has one main goal: to help
Canada's physicians achieve
financial well-being. MD had $50
billion in assets under administration as of July 5, 2019 and is dedicated to serving
Canada's physicians and their
families. MD provides financial products and services, the MD
Family of Funds and investment counselling services through the MD
Group of Companies. For a detailed list of these companies, visit
md.ca.
About the College of Family Physicians of Canada
The College of Family Physicians
of Canada (CFPC) is the
professional organization that represents more than 38,000 members
across the country. The College establishes the standards for and
accredits postgraduate family medicine training in Canada's 17 medical schools. It reviews and
certifies continuing professional development programs and
materials that enable family physicians to meet certification and
licensing requirements. The CFPC provides high-quality services,
supports family medicine teaching and research, and advocates on
behalf of the specialty of family medicine, family physicians, and
the patients they serve.
About the Foundation for Advancing Family Medicine
The
CFPC's Foundation for Advancing Family Medicine (FAFM), formerly
known as the Research and Education Foundation, was established in
1994 to provide leadership in family medicine through philanthropy.
The FAFM funds programs and projects in family medicine and
supports numerous research grants, scholarships, and awards that
recognize the achievements of clinicians, teachers, researchers,
family medicine residents, and medical students. Our funding
priorities (family medicine research and family medicine education,
the Patient's Medical Home, and global health care via the Besrour
Centre) recognize our most important initiatives and have a
meaningful impact on improving patient care in Canada and around the world.
https://fafm.cfpc.ca.
About the Canadian Medical Association
Since 1867, the
Canadian Medical Association has been the national voice of
Canada's medical profession. We
work with physicians, residents and medical students on issues that
matter to the profession and the health of Canadians. We advocate
for policy and programs that drive meaningful change for physicians
and their patients.
SOURCE Scotiabank