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The Ombudsman for Banking Services and Investments (OBSI) on Tuesday announced the appointment of its new chairman, Jim Emmerton.

Emmerton has been a long-serving community director and a member of the Finance and Audit Committee of the OBSI board. Previously, he served as the executive director of the British Columbia Law Institute and the Canadian Centre for Elder Law.

He has also served as a member of the National Seniors Council and as a member of OBSI’s Consumer and Investor Advisory Council before joining the board.

“I am looking forward to my new leadership role on the board and to continue working with OBSI stakeholders and staff towards shared goals for the future,” says Emmerton, in a statement.

Emmerton succeeds Fernand Bélisle as chairman.

OBSI also announced that Rick Annaert, senior vice president of advisory services at Toronto-based Manulife Financial Corp. and president and CEO of Manulife Securities, replaces Kevin Regan as the industry representative for the Mutual Fund Dealers Association.

Ronald Smith, director and chair of the audit committee of Toronto-based Alamos Gold Inc., will join the board as a community director.