KAWARTHA LAKES-Ontario’s Minister of Finance Peter Bethlenfalvy announced the appointment of a new Chair for the Ontario Securities Commission (OSC) today.
“I am pleased to announce that Kevan Cowan will be appointed the new Chair of the Ontario Securities Commission, pending review by the Standing Committee on Government Agencies.” said Bethlenfalvy. “Mr. Cowan has been a valuable member of the Board of Directors for the OSC and was key in providing recommendations to our government on capital markets as a member of the Ontario Capital Markets Modernization Taskforce Expert Advisory Group. With over 30 years of experience in the capital markets industry, Mr. Cowan will play a critical role in supporting our government’s vision to make the OSC a 21st century capital markets regulator.”
The government says it is implementing many of the recommendations made by the Capital Markets Modernization Taskforce including expanding the mandate of the OSC to include capital formation and competition in capital markets, separating the combined OSC Chair and Chief Executive Officer position into two distinct positions and establishing a new Capital Markets Tribunal within the OSC.
“Our government looks forward to continuing to work with Mr. Cowan and the leadership at OSC to continue to protect investors and ensure that Ontario remains an attractive jurisdiction to invest and raise capital.” said the Minister
Kevan Cowan is a financial services executive with more than 30 years of experience in capital markets operational, regulatory and policy matters.