Federal financial regulator the Office of the Superintendent of Financial Institutions (OSFI) is looking in-house to replace top executive Carolyn Rogers, who is set to take over as secretary general of the Basel Committee on Banking Supervision later this year.
OSFI announced on Tuesday that Ben Gully will replace Rogers as assistant superintendent, regulation sector, in the fall. He is currently OSFI’s assistant superintendent, risk support sector.
Gully, who already sits on the regulator’s executive committee, will also become OSFI’s representative on the Basel Committee starting in June.
Prior to his latest stint at OSFI, Gully was chief risk officer at the Australian Prudential Regulation Authority (APRA), and he’s worked at the Bank of England.
“Since returning to OSFI in 2017, Ben has led the reshaping of the nature of risk advice for supervision and regulation and introduced new areas of expertise designed to address non-financial risks related to people, technology, and digitization,” said Jeremy Rudin, superintendent at OSFI, in a statement announcing the change.
“He has also played a key role in establishing the foundation for building out OSFI’s data and risk analytics capabilities,” Rudin added.