Michael Katchen
Michael Katchen is the co-founder and CEO of Wealthsimple, a Toronto-based online financial services provider that has transformed the investment landscape in Canada. Under his leadership, Wealthsimple has grown to manage over $70 billion in assets for more than 3 million clients, making it the largest financial institution established in Canada in the past 25 years. Known for his outspoken views on the Canadian banking industry, Katchen criticizes traditional banks for their high fees and slow processes, likening them to a tax on Canadians. At a recent event, he emphasized the need for competition and innovation within the financial sector, advocating for a more consumer-friendly banking environment.
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Recent news mentions
Michael Katchen is the chief executive officer of Wealthsimple.
Wealthsimple joins Swift global financial transfer system
Canada· 2026-03-03
Michael Katchen is the CEO of Wealthsimple, which achieved a $10-billion valuation.
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Michael Katchen is the chief executive officer of Wealthsimple.
Wealthsimple’s milestone deal: Online financial-services giant hits $10-billion valuation with $750-million financingCanada· 2025-10-28
Michael Katchen, founder of Wealthsimple, co-founded Simple Ventures to create and fund new companies in Canada.
Morning Update: The great tech escapeCanada· 2025-09-28
Michael Katchen is the chief executive officer of Wealthsimple.
Wealthsimple, Questrade ask Ottawa to regulate registered account transfersCanada· 2025-09-24
Wealthsimple CEO Michael Katchen spoke at a company event called 'The End of Banking' on June 11.
Wealthsimple CEO says banks are a tax on CanadiansCanada· 2025-06-11