The Canadian Securities Administrators have appointed Jean St-Gelais, president and CEO of the Autorité des marches financiers, as the new chairman of the CSA for a two-year term, commencing April 1.

St-Gelais succeeds Stephen Sibold, the Alberta Securities Commission chairman, who has served as head of the CSA since April 2003. “I am extremely pleased to step into this role, and look forward to working with my colleagues across Canada to continue to make improvements to the regulation of our capital markets,” St. Gelais said in a release.

Sibold said that the establishment of a permanent secretariat has helped make the CSA a more structured and effective organization. “I am proud of what we’ve accomplished at the CSA over the past two years,” he added.

Don Murray, chair of the Manitoba Securities Commission, was named CSA vice chairman, succeeding Donne Smith, chairman of the New Brunswick Securities Commission.

“We will continue to deliver on the CSA strategic principles and ongoing efforts to harmonize securities legislation,” Murray said.

“It has been a pleasure serving the CSA. I wish my incoming colleagues all the best as they assume their new positions,” said Smith.

St-Gelais graduated in economics at Laval University, with a B.A., and Queen’s University, with an M.A.

He was appointed president and CEO of the AMF in 2003

He has also served as Quebec Associate Deputy Minister for Taxation, Budgetary Policy and Financial Institutions, and as Secretary General and Clerk of the Executive Council of the Government of Quebec