Manitoba Legislative Building in Winnipeg, Manitoba, Canada

David Cheop has been appointed the chief administrative officer of the Manitoba Financial Services Agency (MFSA) and chairman and CEO of the Manitoba Securities Commission (MSC), Finance Minister Scott Fielding announced Friday.

He succeeds Don Murray, who had headed the MSC since 1997, and retired on Nov. 30.

“Mr. Cheop’s extensive experience in the securities industry will guide the MSC as it continues to improve regulatory protection for the public and investors, educate industry stakeholders, and co-ordinate with federal and provincial regulators,” says Fielding in a statement.

Cheop is vice president and chief compliance officer at IG Investment Management Ltd. and Mackenzie Financial Corp.

This is Cheop’s second go round at the MSC. He was deputy director and secretary of the commission from 1986 to 1998.

He has a BA from the University of Toronto and a law degree from the University of Manitoba. He was called to the bar in Manitoba in 1981 and named a QC in 1997.

Cheop serves on the Mutual Fund Dealers Association of Canada’s policy advisory committee, and is vice chairman of the ICE Futures Canada’s special regulatory committee.

The MFSA includes the MSC and Manitoba’s insurance and deposit regulator, the Financial Institutions Regulation Branch.