Randee Pavalow, a nine-year veteran of the Ontario Securities Commission, has been appointed director of the OSC’s capital markets branch.

“Randee is highly regarded both inside the OSC and on the Street for her knowledge of how capital markets function,” said David Brown, OSC chairman.

Pavalow will lead a team of 80 employees responsible for the regulation of registrants, investment products, markets and clearing and settlement systems.

Pavalow previously served as deputy director of the branch and as manager, market regulation team. She was chair of the Canadian Securities Administrators Staff Committee on Y2K, which included responsibility for working with industry representatives to co-ordinate measures to ensure the smooth operation of Canadian capital markets over the Y2K period.

Pavalow replaces William Gazzard, who has moved to a job in the private sector.