The Alberta Securities Commission (ASC) has tapped its acting general counsel, Samir Sabharwal, to take over the role on a permanent basis effective immediately.
Sabharwal has been acting head of the regulator’s Office of the General Counsel (OGC) since its previous leader, Kari Horn, was appointed vice chairman of the ASC in May.
Sabharwal joined the ASC in 2005 and has served as associate general counsel, legal counsel within the OGC and as litigation counsel in the regulator’s enforcement division. Prior to that, he was legal counsel at the Financial Services Commission of Ontario (FSCO).
“Samir is highly qualified for this role, having served as the ASC’s associate general counsel for the past nine years,” said Stan Magidson, chairman and CEO of the ASC, in a statement. “In that role, he developed critical legislative amendments in conjunction with staff of the government of Alberta on multiple occasions and was significantly involved in preparing the Canadian Securities Administrators’ response to the International Monetary Fund during its most recent positive assessment of Canada’s capital markets.”