The B.C. Financial Services Authority’s board of directors is appointing Blair Morrison as its new chief executive officer, effective July 22, 2019.

The province’s financial institutions commission will become the BCFSA, a self-funded Crown agency focused on the regulation of pension plans, credit unions, insurance and trust companies and mortgage brokers.

In addition to the role of CEO, Morrison will serve as superintendent of financial institutions, superintendent of pensions, registrar of mortgage brokers and CEO of the Credit Union Deposit Insurance Corp.

Read: Ontario launches new pension, financial services regulator

“It is with great pleasure that the board welcomes Blair Morrison to help lead the organization through the next phase of our transition from FICOM to the BCFSA,” said Stanley Hamilton, chair of the BCFSA board of directors, in a press release. “He brings invaluable experience in financial services as well as the leadership that will help us meet current and future challenges and opportunities in financial services regulation.”

Morrison joins the BCFSA with more than 25 years in senior executive roles. Most recently, he was at the Bank of Montreal as chief procurement officer, chief compliance officer and senior vice-president and corporate secretary for legal.

“I am proud to be joining FICOM/BCFSA at this important time in its history,” said Morrison. “I look forward to working with all the stakeholders, including FICOM’s professional and dedicated staff, as we make the successful transition to BCFSA.”

Read: A look ahead at pension legislative changes for 2019

Copyright © 2019 Transcontinental Media G.P. Originally published on benefitscanada.com

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