Province nominates new OSC chair

(June 22, 2005) The Ontario government has nominated David Wilson, vice-chair of Scotiabank and CEO of Scotia Capital, as the new chair of the Ontario Securities Commission. If the nomination is approved, Wilson will assume his new role in November, replacing David Brown, who is leaving the post at the end of June after a seven-year term.

“The OSC is indeed fortunate to have someone with the experience and expertise of David Wilson willing to lead the commission at such a dynamic time for capital markets,” Brown said in a statement. “I welcome the nomination … and am confident that he is the right person to lead the commission forward.”

Brown made the statement after the minister responsible for the OSC, Gerry Phillips, Chair of Management Board of Cabinet, announced that Wilson has been nominated as the new chair of the commission, subject to review by the Standing Committee on Government Agencies. If the Standing Committee concurs with this nomination, Wilson’s appointment would take effect on November 1, 2005. In the interim, Susan Wolburgh Jenah, the OSC’s vice-chair, will be acting chair.

(06/22/05)

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