The top of Ontario’s mortgage dealer regulator has confirmed he can be stepping down from his position as CEO later this month.
Mark White, head of the Monetary Companies Regulatory Authority of Ontario (FSRA), is vacating his place to tackle his new position as Chair of the Ontario Power Board.
White has led FSRA since Could 2018, bringing in depth expertise in regulation, danger administration, governance, legislation and finance.
Previous to becoming a member of FSRA, he was Senior Vice-President & Head of Enterprise Danger at BMO, and in addition held roles at OSFI, RBC Capital Markets and Ernst & Younger LLP.
Throughout his tenure, White carried out Ontario’s title safety framework for monetary advisors and planners, and launched new personal mortgage licensing necessities to boost shopper safety.
This initiative was a part of a broader effort to boost shopper safety and guarantee increased requirements of observe inside the mortgage brokering trade.
Interim CEO introduced
FSRA has confirmed that Stephen Energy will take over the position as interim CEO whereas the regulator undertakes its seek for a everlasting successor.
Energy is the Govt Vice President of Company Companies at FSRA and is answerable for main finance, danger administration, human assets, data know-how, services planning and undertaking administration.
Moreover, FSRA board chair Joanne De Laurentiis has had her time period prolonged for one 12 months to make sure continuity throughout this transition interval.
