The Canadian Insurance Services Regulatory Organizations (CISRO) announced March 14 the appointment of Patrick Ballantyne as its new Chair. He succeeds Eric Jacob in this position. 

Ballantyne is currently CEO of the Registered Insurance Brokers of Ontario (RIBO). He has held this position since 2016. Ballantyne has more than 30 years leadership experience in legal and regulatory compliance in the financial services industry, says a statement about his announcement. He was called to the Ontario Bar in 1987. 

Outgoing Chair, Eric Jacob is Executive Director, Enforcement at the Autorité des marchés financiers (AMF) He held the position as CISRO’s Chair from December 2021 to February 2024, according to his LinkedIn profile. 

In a statement, Ballantyne thanked Jacob for his work with the organization. "Under Eric's leadership, CISRO has invested in important activities to strengthen the organization, while pursuing initiatives in close collaboration with the Canadian Council of Insurance Regulators to enhance the fair treatment of customers.” 

CISRO is a forum of Canadian regulatory authorities for information sharing and collaboration between regulators responsible for licensing and registration of insurance intermediaries. Last fall it published its three-year plan, Strategic Plan 2023-2026.