OSC Commissioner Appointments: Sarah Kavanagh and Judith Robertson

TORONTO – Ontario Securities Commission (OSC) Chair Howard Wetston, Q.C., today announced the appointments of Sarah Kavanagh and Judith Robertson as Commissioners to the OSC, effective June 1, 2011. Both appointments are for two years.

“Both Ms. Kavanagh and Ms. Robertson bring substantial domestic and international experience in the capital markets,” said Mr. Wetston. “Their specialized expertise will be an asset to the Commission in the effective regulation of rapidly evolving capital markets.”

Sarah Kavanagh has over 20 years of experience in investment banking in Canada and the United States. Most recently, she held senior positions with Scotia Capital’s investment banking group, where she was responsible for key industries in the Ontario economy, such as media, telecommunications, consumer products, forestry and power, and was actively involved in numerous IPO and public equity and income trust financings. Ms. Kavanagh has also held senior finance positions at several Canadian corporations. Ms. Kavanagh has an MBA from Harvard Business School and a BA in economics.

Judith Robertson has 25 years of experience in the financial services industry where she has held senior positions in buy-side and sell-side firms in Canada, the United States and the United Kingdom. She has substantial expertise in securities market infrastructure, marketplaces, trading technologies, securities lending and investment products. Most recently, Ms. Robertson was President and CEO of Belzberg Technologies Inc. Ms. Robertson holds the Chartered Financial Analyst designation and has an MBA from the Richard Ivey School of Business.

As the regulatory body responsible for overseeing the capital markets in Ontario, the OSC administers and enforces securities legislation in the province of Ontario. The OSC’s statutory mandate is to provide protection to investors from unfair, improper or fraudulent practices and to foster fair and efficient capital markets and confidence in capital markets.

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