CMHC appoints former banker

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The minister responsible for Canada Mortgage and Housing Corporation (CMHC), Jason Kenney, announced today that Evan Siddall has been appointed president and chief executive officer of CMHC for a five-year term effective January 1.

"Mr. Siddall brings to the position extensive leadership and senior management experience," Kenney said. "His proven financial and capital markets expertise will be of tremendous value to CMHC."

Siddall, who has a bachelor of arts in economics and a law degree from Osgoode Hall, has worked in various financial services and management positions throughout his career, including stints with BMO Nesbitt-Burns, Goldman Sachs and Irving Oil.

He takes over for Douglas Steward, who has acted as interim president for CMHC since June 2013.

"I am honoured to be joining CMHC, Canada's national housing agency, as its president and CEO," said Siddall said. "I look forward to working with its dedicated staff, clients and stakeholders to ensure that Canadians continue to benefit from CMHC's key role in providing affordable and accessible housing, as well as in promoting a strong financial system."

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