The Ombudsman for Banking Services and Investments (OBSI) board of directors on Friday announced the new members of its independent Consumer and Investor Advisory Council (CIAC) and the appointment Guy Lemoine as council chairman.
Lemoine, a lawyer by profession, has been a member of the CIAC since 2014. He has previously worked with the Office of the Attorney General of Quebec specializing in economic crime, the federal Department of Justice, and is a former vice chairman and commissioner of the Commission des valeurs mobilières du Québec.
Lemoine has also served as a board member of the North American Securities Administrators Association and as the founding president of the Bureau de décision et de révision en valeurs mobilières du Québec.
He chairs disciplinary proceedings conducted by hearing panels of the Investment Industry Regulatory Organization of Canada and currently sits on the board of the Canadian Foundation for Advancement of Investor Rights.
Five new members will be joining the CIAC:
- Mohinder Singh Bajwa, a social worker;
- Harold Geller, a lawyer who represents investors with claims against financial advisors;
- Wanda Morris, vice president of advocacy for CARP,
- Harvey Naglie, a former senior policy advisor for the Ontario Ministry of Finance’s financial services policy division;
- and Andrew Teasdale, an economist and independent consultant.
Eric Spink and Richard Swift will remain on the council.
The CIAC was created to provide the input of consumers and investors into OBSI’s governance and operations, complementing the input OBSI regularly receives from industry stakeholders and regulatory and government officials.