AMF taps top civil servant as new chief

Veteran civil servant Yves Ouellet will be the next leader of Quebec’s Autorité des marchés financiers (AMF), replacing Louis Morisset whose 10-year run at the regulator’s helm ended July 1.

Ouellet has been a life-long public servant since 1991, most recently serving as secretary general and clerk of the Conseil exécutif, the top-ranking civil servant in Quebec.

He also had stints in the finance ministry, served as deputy minister of natural resources and wildlife, and was president and CEO of the Société québécoise des infrastructures. He has bachelors and masters degrees in economics from the Université du Québec à Montréal.

“Yves Ouellet’s appointment as AMF president and CEO comes at an important time for the organization,” said finance minister Eric Girard in a release.

“The financial sector is in constant flux in the age of new technologies and artificial intelligence. His refined knowledge of the machinery of government, the economy and public finances and his strong management skills will be invaluable assets for the AMF.”

Ouellet will take over as president and CEO of the AMF on Aug. 21. In the meantime, the regulator tapped Marie-Claude Soucy, who is currently vice-president, finance, talent and technology, as its interim president and CEO.

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