The Ontario Securities Commission (OSC) is seeking a new vice chairperson following the departure of Monica Kowal.
She will join Toronto-Dominion Bank as head of global wealth compliance on Sept. 5.
Kowal, whose term as a OSC vice chairwoman was slated to run until July 2018, resigned from the regulator in July, according to Ontario’s Public Appointments Secretariat,
Grant Vingoe, the regulator’s remaining vice chairman. is taking over executive sponsorship of Kowal’s policy projects, while the OSC searches for her replacement.
Kowal was appointed vice chairwoman in 2014, and served as acting chairwoman after Howard Wetston stepped down from the regulator in 2015. Prior to that, she was general counsel at the OSC and spent 15 years in private practice.
“Over the last 13 years, the OSC has benefited from Monica’s extensive experience in securities law and capital markets regulation, her ability to build strong relationships, and her deep commitment to the principles and values of public service,” says Maureen Jensen, OSC chairwoman and CEO, in an internal message to OSC staff.
For its new vice chairperson, the commission is looking for a lawyer with at least 20 years experience, who is eager for “the opportunity to have a direct impact on the future structure and functioning of Canadian capital markets, enhancing fair and efficient markets and investor protection,” the OSC indicates.
“The successful candidate will be a senior lawyer with outstanding legal and/ or policy experience,” the OSC indicates in its job posting.
The deadline for applications for the permanent full-time position is Sept. 15.
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