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Jean St-Gelais leaves post at Quebec Financial Services Regulator

By Hubert Roy | January 17 2011 01:03PM

Jean-St-Gelais is leaving his job as CEO of the Quebec financial services regulator, the Autorité des marchés financiers (AMF), as well as his position as president of the Canadian Securities Administrators (CSA). He will head the new Quebec Revenue Agency, recently established by the provincial government. He will start in his new role on Jan. 17.

Mario Albert, who is currently Superintendent of Client Services, Compensation and Distribution, will act as interim CEO until a replacement for Mr. St-Gelais is found. At press time, there was still some question of who would replace Mr. St-Gelais at the CSA.

The Quebec government has appointed Mr. St-Gelais Deputy Minister of Revenue. When the new agency comes into being on April 1 next year, he will become its CEO. Mr. St-Gelais has served as head of the AMF since 2003. Prior to that, he occupied the highest civil servant position in the government of Quebec, serving as the province’s General Secretary and Clerk of the Executive Council.

“Mr. St-Gelais’ vast experience in public administration in Quebec will allow Revenue Quebec to pursue its government mandate with the utmost efficiency,” explained Minister of Finance Raymond Bachand. “Our ministry is a highly capable organization to which the government has assigned significant fiscal recuperation targets, namely the recovery of an additional $1.2 billion in revenue annually beginning in 2013-2014.”

Mr. St-Gelais’ mandate will be to transform Revenue Quebec into a governmental agency. The new organization will be responsible for ensuring greater fiscal control in Quebec. Mr. St-Gelais will also be in charge of equipping the agency with new online services to help citizens and businesses to fulfil their self-assessed tax obligations.

(HR)


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