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Globe says OSC told John to head fellow regulator FSRA

2025-01-28 07:13 ET - In the News

The Globe and Mail reports in its Tuesday edition that Ontario's financial services regulator has named Dexter John its new chief executive officer, six months after the organization's inaugural CEO stepped down to join the Ontario Energy Board. The Globe's Clare O'Hara writes that the Financial Services Regulatory Authority of Ontario (FSRA) announced Monday that Mr. John, who is one of its board members, will assume the roles of president and CEO effective March 1. Mr. John, who is currently the CEO of consulting firm Morrow Sodali (Canada), will replace Stephen Power, who stepped into the role of interim CEO last summer after the departure of FSRA's first leader, Mark White. FSRA was founded in 2019 to replace the Financial Services Commission of Ontario and the Deposit Insurance Corporation of Ontario. The regulator had been on the hunt for an executive leader since last May, when Mr. White was nominated to take over as chair of the Ontario Energy Board. The organization oversees the province's financial services providers, such as certain areas of insurance, pensions, credit unions and mortgage brokers. It is not responsible for securities, which are regulated by the Ontario Securities Commission.

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