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Mike Katchen, co-founder and CEO of Wealthsimple with Dr. Barry Craig, President & Vice-Chancellor, Huron.

Wealthsimple co-founder and CEO returns to Huron for the President’s SPARK Speaker Series, sharing lessons on entrepreneurship, innovation, and Canada’s economic future.

London, ON – On October 28, Wealthsimple co-founder and CEO Mike Katchen returned to Huron for the President’s SPARK Speaker Series, joining award-winning journalist and broadcaster Steve Paikin, OC OOnt, for a conversation about entrepreneurship, trust, and Canada’s economic future.

Under Katchen’s leadership, Wealthsimple has grown into one of Canada’s leading financial technology companies. As of September 30, 2026, the company reported approximately $169 billion in assets under administration, serving more than four million Canadians. Its continued growth was highlighted in an October 27 report by The Globe and Mail.

During the conversation, Katchen reflected on his entrepreneurial journey, how the relationships and reputation formed during his time at Huron helped get Wealthsimple off the ground, and why Canada needs to embrace a sense of “naive ambition” to compete on the global stage.

The Huron Connection: Relationships That Last and Make an Impact

Returning to Huron, Katchen remarked on how Huron has modernized and grown, and while the campus looks different, the close-knit community remains the same.

He shared memories of friendships formed while living in Huron’s O’Neil/Ridley residence during his first year.

Those connections also played a role in Wealthsimple’s beginnings. At 26, with no previous experience working in financial services, Katchen needed someone with the professional qualifications to help establish the company. After reaching out to hundreds of potential candidates, he connected with fellow Huron alumnus Dave Nugent (’08), who had served as President of the Huron University College Students’ Council (HUCSC) when Katchen first arrived at Huron. Nugent joined Katchen as part of the founding teamof Wealthsimple, serving as the company’s first Chief Investment Officer and Chief Compliance Officer.

Beyond Wealthsimple, two friends Katchen met during his first year remain among his closest connections. Those relationships have since developed into new business opportunities, including a partnership in his startup studio focused on building new Canadian companies and an investment in another former classmate’s business.

“You never know where these relationships that you form at Huron can go over the course of a career and a lifetime,” Katchen said.

Mike Katchen reflects on the lasting impact of friendships formed at Huron.

Building Wealthsimple: Trust at the Centre

When Katchen co-founded Wealthsimple, he set out to make financial services simpler, more transparent, and more accessible to Canadians.

During the conversation, Katchen drew a distinction between faith and trust. He suggested that Canadians have faith in established banks because of their long history and perceived stability, but trust is something financial institutions must continually earn through their actions.

During the conversation, Katchen challenged the idea that established banks have a monopoly on trust, arguing that customers may have faith in their stability, but genuine trust must be earned by consistently delivering on promises and putting customers first.

“And we always set out that we want to earn people’s trust. And that journey is something that is never done,” Katchen said.

For Wealthsimple, that means consistently delivering on promises while making financial services more accessible, empowering customers with the knowledge and tools to make informed decisions and take greater control of their financial futures.

Mike Katchen discusses Wealthsimple’s approach to earning customer trust.

Why Canada Needs to Think Bigger

Katchen challenged Canada’s business community to embrace what he calls “naive ambition,” a willingness to imagine what’s possible rather than immediately focusing on the obstacles that could prevent an idea from succeeding.

Speaking about Wealthsimple’s early days, he explained how shifting the question from why something won’t work to what it would take to succeed can open up new possibilities.

Drawing a comparison to Canada’s competitive spirit in winning gold medals in Olympic hockey, Katchen questioned why the same determination to succeed internationally is not always reflected in business and entrepreneurship.

Paikin challenged that perspective, pointing to how Canada’s traditionally cautious banking system weathered the 2008 financial crisis and asking whether a more reserved approach to business might have its advantages.

“I would say categorically not,” Katchen responded.

While acknowledging the stability of Canada’s banks during the crisis, Katchen questioned why the country continues to celebrate that achievement nearly two decades later. He argued that Canada’s reluctance to take risks has come at the expense of innovation and economic growth, emphasizing that risk-taking is essential to building globally competitive businesses and sustaining long-term prosperity.

Katchen encouraged entrepreneurs to set goals that may initially seem unrealistic and resist the temptation to measure success only against what has been achieved before.

Katchen argued that Canada’s greatest entrepreneurial challenge isn’t losing successful companies to American buyers, but building more Canadian businesses capable of competing globally. He pointed to his startup studio, Simple Ventures, which aims to launch three to five new Canadian companies each year, as one way he’s working to address that challenge.

Steve Paikin and Mike Katchen discuss risk-taking and Canada’s economic future.

Steve Paikin and Mike Katchen discuss risk-taking and Canada’s economic future

Katchen encouraged students and emerging professionals to view artificial intelligence as an opportunity to rethink how they work, solve problems, and create value.

He urged students to experiment with AI tools, start small, and learn by building.

For students preparing to enter the workforce, Katchen emphasized two qualities he believes will become increasingly important: agency, or the initiative to act and learn new skills, and curiosity.

“Those are the two skills that I think are going to find success in the future: people that have the agency to figure out how to get started and how to become proficient in things, and the curiosity to kind of explore and learn them,” Katchen said.

Inspiring Canada’s Next Generation of Leaders

For Katchen, building globally competitive Canadian companies doesn’t require sacrificing the values that make Canada distinctive. Ambition, kindness and care for others can coexist, creating businesses that compete on the world stage while contributing to the communities around them.

“Those things don’t have to be a conflict,” said Katchen, reflecting on the possibility of building an ambitious company that leads with heart.

It’s a perspective that speaks directly to Huron’s commitment to developing Leaders with Heart: individuals who pursue ambitious goals, challenge what’s possible and recognize that success is measured not only by what they achieve, but by the difference they make for others.

The President’s SPARK Speaker Series, part of Huron’s Nation Builder Program, connects students with influential leaders and thinkers who model intellect, integrity, and impact. SPARK stands for Shape Possibilities, Awareness, Resilience, and Knowledge.

The series is made possible through the generous support of The Schulich Foundation, founding sponsor of the Nation Builder Program.

For Huron students, Katchen’s journey demonstrated how the connections made on campus can shape opportunities long after their time at Huron.

Up Next

Justice Laurie A. Goldbach is the next SPARK Spotlight on November 24, at 6:30 PM.
Judicial Independence: Why it Matters to Canadians

The Honourable Justice Laurie A. Goldbach (’95), Huron alumna and Justice of the Tax Court of Canada, will explore why judicial independence matters to Canadians and how an independent judiciary upholds the rule of law, protects individual rights, and maintains public trust in the justice system. Drawing on her distinguished legal career, she’ll share insights into the judiciary’s role in Canadian democracy and why protecting its independence matters to us all.

The conversation will be moderated by Yola S. Ventresca (’02), Managing Partner of Lerners LLP’s London office, Huron alumna, and member of Huron’s Board of Governors.

This event is in collaboration with Huron’s Lawyer-in-Residence programming.