Quebec's Autorité des marchés financiers (AMF) has appointed a new head of its solvency division.
Patrick Déry has been appointed as superintendent, solvency, and will be responsible for standards and deposit insurance, the supervision of deposit institutions, control of the right to practise and the supervision of insurers.
Déry is returning to the AMF. In his previous stint, between July 2011 and September 2012, he served as superintendent, client services, compensation and distribution. He has also several in high-level positions in the Quebec's Ministry of Finance.
In particular, the AMF notes that he served as assistant deputy minister, federal-provincial and financial policies; where he managed the impacts of the financial crisis on the major financial institutions in Quebec.