Balmoral Advisory is a boutique advisory firm based in Toronto that is committed to providing comprehensive market research intelligence as well as practical advice and assistance on product development and business delivery.


Donna Bales - Principal

Donna Bales

Donna is a highly-experienced product development and business professional with a proven track record of managing complex capital market industry initiatives often with multiple stakeholders, regulatory challenges and time to market constraints. With 20 years of capital market experience, she provides valued advice and in-depth analysis on how market structure and regulatory changes impact on-going business workflow and product development efforts. Donna has extensive capital markets experience having spent most of her career working abroad in the UK and Asia. Donna spent 10 years at TD Securities where she was responsible for the business and distribution strategy for TD Global Fixed Income E-commerce Solutions. Donna has led the product development efforts of several banking consortia initiatives in data management and alternative trading.

Donna assists organizations to understand emerging technologies, their impact on business strategies and manage change. She is an advisor to DigitalFutures, an advisory focused on fintech, blockchain, regtech and digital identity management; Finnolux, a digital finance enabler as well as the Think Alliance Group in Hong Kong.

Donna has an economics degree from the University of Western Ontario and has an Executive Certificate in Directorship from Singapore Management University.

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