There’s a new top cop in the Great North.
The Investment Industry Regulatory Organization of Canada (IIROC), the nation’s leading securities regulator, announced the appointment of Andrew Kriegler as the incoming IIROC president and chief executive officer. Kriegler will assume the position on November 1, and will also become a member of the regulator’s Board of Directors at that time.
He succeeds Susan Wolburgh Jenah who, earlier in the year, announced her intention to step down from her role as IIROC’s inaugural president and chief executive effective October 31, 2014.
Kriegler currently serves as Deputy Superintendent of the Office of the Superintendent of Financial Institutions (OSFI), an executive position he has held since August 2013, with responsibility for the supervision of more than 400 federally regulated financial institutions. As president and chief executive, his charge will be leading the regulator which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
Kriegler joined OSFI as assistant superintendent, Supervision Sector, in February 2013. He has more than 25 years of experience in the financial services industry, including executive positions in treasury and human resources and in areas such as debt capital markets, securitization and fixed income trading.
Prior to OSFI, he was senior vice president & treasurer of CIBC, a post he held from November 2008 through August 2012. He joined CIBC in the bank’s risk management group earlier in 2008 from Moody’s Corporation, parent of the credit rating agency Moody’s Investors Service, in New York.
At Moody’s, Kriegler was senior vice president & chief human resources officer and a member of the executive management committee. He joined the executive team after having been the Canadian Country managing director for Moody’s Investors Service for a number of years.
Prior to Moody’s, he was responsible for liquidity risk management and funds transfer pricing at Canada Trust and for developing the firm’s wholesale funding and securitization programs. He directed the institution’s credit market access and represented the company to institutional investors as well as to government and regulators in matters concerning liquidity risk and asset securitization.
From 1993 through 1997, Kriegler was an investment banker with the securitization and debt capital markets groups at BMO Nesbitt Burns.
IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
