OSFI head announced

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The government of Canada announced the new head of OSFI who will take over for Julie Dickson effective June 29.

Dr. Jeremy Rudin, a former economics professor will take over as Superintendent of Financial Institutions. Rudin worked in the department of finance during the financial crisis in 2008 and will be leaving his post as assistant deputy minister of the financial sector policy branch of the department of finance.

“Jeremy Rudin is a distinguished public servant. He has extensive direct experience in the oversight of financial institutions, financial system stability and financial markets,” Finance Minister Joe Oliver said in an official statement. “He played an important role in Canada’s response to the global financial crisis. These skills and knowledge will be an asset in this critical position.”

Dickson announced in the spring of 2013 that she would be stepping down following the end of her one and only term as OSFI head.
She was appointed superintendent in July 2007 of financial institutions for a seven-year term.

After joining OSFI in April of 1999, Dickson served as assistant superintendent, regulation sector, from January 2000 to June 2006, when she was appointed deputy superintendent. In October 2006 she was appointed acting superintendent.

Prior to joining OSFI, Dickson served for 15 years in the department of finance, primarily in areas related to financial institution policy. In the private sector she served as group leader of financial institutions practice for a national consulting firm from 1995 to 1998.

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