Susan Silma has been appointed director of the newly-created Investment Funds Branch of the Ontario Securities Commission, Chair David Brown announced today.

“With her understanding of the industry, her 10 years of experience in investment funds and her range of contacts, Susan is uniquely positioned to lead a branch that will regulate this important and growing sector of the financial industry,” Brown said.

“Susan will be building on the important accomplishments of OSC staff in investment funds regulation. The creation of a new branch for the regulation of investment funds underscores the importance of this sector and the challenges we expect to meet. We look forward to Susan joining our team.”

Effective March 3, Silma will lead a branch of approximately 15 employees responsible for all investment funds policy and operational work at the OSC.

Silma, a lawyer/MBA, previously served as general counsel and secretary at Working Ventures, a venture capital fund.

Prior to that role, she spent eight years in the private practice of law at a major Toronto law firm, specializing in securities and corporate law. During that time, she completed a two-year secondment at the OSC

http://www.newswire.ca/releases/January2003/29/c4544.html