Former brokerage industry executive, former commissioner with the Ontario Securities Commission (OSC) and academic, Paul Bates, will serve as chairman of the OSC’s independent investor advisory panel (IAP).
The OSC announced Friday that Bates will lead the IAP for the upcoming year. It also formally introduced the four new members of the panel, which were revealed at its annual conference earlier this week: investor advocate, Ken Kivenko; Connie Craddock, former vice president of public affairs at the Investment Industry Regulatory Organization of Canada (IIROC); Cary List, president and CEO of the Financial Planning Standards Council (FPSC); and, Alan Goldhar, chief investment officer at the Office of the Public Guardian and Trustee in Ontario’s Ministry of the Attorney General.
The four additions expand the panel to eight members from seven, as they join continuing members: Bates, Nancy Averill, Stan Buell and Steve Garmaise. The panel is charged with providing the investor perspective on OSC rulemaking initiatives, as well as bringing investor issues to the commission’s attention.
“The panel has become an important voice for investors in the regulatory process, and the new members have been selected to ensure that the panel continues to represent a broad range of relevant experience, skills, knowledge and perspectives,” said Mary Condon, vice chair of the OSC. “I am pleased that Paul Bates has agreed to extend his term and serve as chair of the panel.”
Currently, Bates is serving as a special advisor to the president of the DeGroote School of Business at McMaster University. He is also a former Dean of Business at DeGroote, a former part-time commissioner to the OSC, and he is currently chair of the Investor Education Fund. Before that, Bates worked in the financial industry, including stints as chief executive of Charles Schwab Canada, founder of Porthmeor Securities Inc. and Priority Brokerage, and he had stints at Royal Trust, Marathon Brokerage and TD Green Line.