Office of the Superintendent of Financial Institutions

Office of the Superintendent of Financial Institutions

November 28, 2007 11:43 ET

OSFI Superintendent Announces New Executive Member

OTTAWA, ONTARIO--(Marketwire - Nov. 28, 2007) - The Superintendent of Financial Institutions, Julie Dickson, has announced the appointment of Coleen Volk as Assistant Superintendent, Corporate Services Sector, within the Office of the Superintendent of Financial Institutions (OSFI).

A copy of Ms. Volk's biography can be obtained through the following link: http://www.osfi-bsif.gc.ca/osfi/index_e.aspx?ArticleID=2096.

OSFI's Corporate Services Sector consists of nine divisions, encompassing such areas as Finance and Corporate Planning, Human Resources and Administration, Security Services, Communications and Public Affairs, Project Management and Information Management, and Information Technology Services.

Most recently, Ms. Volk was Assistant Deputy Minister, Corporate Services Branch with the Department of Finance, where she directed corporate services for Finance Canada and the Treasury Board Secretariat and served on the executive management committees of both departments.

Prior to joining the Department of Finance, Ms. Volk was at Canada Mortgage and Housing Corporation (CMHC), where she held various corporate finance positions, including Deputy Treasurer, Treasurer, Managing Director, Securitization, and Assistant Vice-President of Finance and Corporate Services. Before joining CMHC, she spent eight years with two major banks in Toronto, in the areas of financial systems, corporate finance and treasury and risk management.

In addition to the Superintendent and Ms. Volk, the other two members of OSFI's executive team are Ted Price, Assistant Superintendent, Supervision Sector, and Bob Hanna, Assistant Superintendent, Regulation 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 registered deposit-taking institutions, insurance companies, and federally registered 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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