Finance Minister Joe Oliver Friday announced the appointment of Jeremy Rudin as the new Superintendent of Financial Institutions for a term of seven years, effective June 29.

Rudin will replace Julie Dickson, who led the Office of the Superintendent of Financial Institutions (OSFI) for eight years and helped guide Canada through the 2008–2009 global financial crisis.

Rudin is currently the Assistant Deputy Minister of the financial sector policy branch of the Department of Finance, a post he has held since 2008.

Rudin first joined Finance in 1993, and held a number of positions in the branch over the years. Prior to that, he taught economics at the University of British Columbia and Queen’s University. He has a B.A. from the University of Toronto, an M.C.R.P. from Harvard University, and a Ph.D. in economics from Stanford University.

“Jeremy Rudin is a distinguished public servant. He has extensive direct experience in the oversight of financial institutions, financial system stability and financial markets. He played an important role in Canada’s response to the global financial crisis. These skills and knowledge will be an asset in this critical position,” said Oliver in a release.

“I would also like to thank the outgoing Superintendent, Julie Dickson, for her outstanding contributions to the stability and soundness of Canada’s financial system, in particular through the 2008–2009 global financial crisis.”