The Canadian Securities Administrators (CSA), the council of securities regulators in Canada, announced June 14 that chair and CEO of the Alberta Securities Commission, Stan Magidson, will succeed Louis Morisset, president and CEO of the Autorité des marchés financiers, as chair of the CSA for a three-year term, effective July 1. Morisset first began serving as chair of the CSA back in April 2015.
The CSA also appointed David Cheop, chair and CEO of the Manitoba Securities Commission, to a three-year term as vice chair of the CSA, succeeding Kevin Hoyt, the CEO of the Financial and Consumer Services Commission of New Brunswick.
Before joining the Alberta Securities Commission in July 2016, Magidson was president, CEO and director of the Institute of Corporate Directors and chair of the Global Network of Director Institutes. Prior to that, he was partner for 21 years with Osler, Hoskin & Harcourt LLP, where he advised corporate issuers, investors, financial intermediaries and boards about securities law, corporate finance, mergers and acquisitions and corporate governance matters.
Prior to leading the Manitoba Securities Commission, Cheop was chief compliance officer, chief anti money laundering officer and chief privacy officer with Investors Group companies.
In the same announcement, the CSA also renewed Grant Vingoe’s term as chair of the policy coordination committee for an additional three years. Vingoe is also CEO of the Ontario Securities Commission.