Office of the Superintendent of Financial Institutions

Office of the Superintendent of Financial Institutions

July 17, 2009 09:00 ET

OSFI Superintendent Announces New Executive Member

OTTAWA, ONTARIO--(Marketwire - July 17, 2009) - The Superintendent of Financial Institutions, Julie Dickson, has announced the appointment of Mark White as Assistant Superintendent, Regulation Sector, effective July 27, 2009.

OSFI's Regulation Sector includes such areas as Legislation and Approvals, Capital, Accounting and Research, Actuarial, Private Pension Plans, Legal Services and the International Advisory Group.

A copy of Mr. White's biography can be obtained through the following link: http://www.osfi-bsif.gc.ca/osfi/index_e.aspx?ArticleID=3124.

"I am pleased to welcome Mark to OSFI's Executive Committee and know that his industry experience will be of great value to the Office in continuing to deliver on its mandate," said Ms Dickson.

"Mark is replacing Bob Hanna, who is retiring after more than 30 years of service to OSFI," adds Ms. Dickson. "Happily, he has agreed to stay on in an advisory capacity. We are grateful to him for his years of service and willingness to continue to be of help."

In addition to the Superintendent and Mr. White, the other two members of OSFI's executive team are Ted Price, Assistant Superintendent, Supervision Sector, and Gary Walker, Assistant Superintendent, Corporate Services Sector.

Created in 1987 by an Act of Parliament, the Office of the Superintendent of Financial Institutions (OSFI) is the primary regulator and supervisor of federally regulated deposit-taking institutions, insurance companies, and federally regulated private pension plans. OSFI's mandate is to advance and administer a regulatory framework that contributes to public confidence in a strong, stable and competitive financial system.

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