Maureen Jensen, Chair and Chief Executive Officer of the Ontario Securities Commission, announced on Jan. 21 her decision to step down, effective April 15.
OSC Vice-Chair Grant Vingoe has been appointed Acting Chair effective April 15.
Jensen is the first woman to serve as Chair and CEO of the OSC. She was initially appointed to the role in 2016 and reappointed to a three-year extension in 2017. She first joined the OSC as its Executive Director in 2011.
“Under her leadership, the OSC finalized Client Focused Reforms, which establish a higher level of investor protection. It launched a successful whistleblower program, which has paid out awards of $7.5 million and continues to receive increasingly high-quality tips,” said the regulator in a statement. Most recently, the OSC announced 107 regulatory changes to reduce burden for market participants while maintaining critical investor protections.
"It has been an honour to serve Ontario investors and market participants," said Jensen. "These past nine years have been the most meaningful in my career. I have enjoyed every moment working alongside my respected colleagues and leadership team, and contributing to Ontario's vibrant, healthy and internationally recognized capital markets."
OSC Lead Director Lawrence Haber thanked Jensen for her professionalism and public service saying, "Maureen is an exceptional leader who has demonstrated integrity and dedication. She cares deeply about this agency and Ontario's investors and capital markets, and leaves behind a strong legacy that will endure."
