About

Members of the Commission

Each Member of the Commission is appointed for a fixed term by the Lieutenant Governor in Council. The Commission must be composed of at least nine Members but not more than 16.

At present, the Commission is composed of 15 Members. Three Members are full-time − the Chair and Vice-Chairs − and 12 are part-time. The Chair of the Commission is both Chair of the Board and Chief Executive Officer, as set out under the Securities Act (Ontario).

Howard I. Wetston, QC, Chair
Monica Kowal, Vice-Chair
D. Grant Vingoe, Vice-Chair
Mary G. Condon
Garnet W. Fenn
William J. Furlong
Sarah B. Kavanagh
Edward Kerwin
Deborah Leckman
Janet Leiper
Alan Lenczner, QC
Timothy Moseley
Christopher Portner, Lead Director
Judith N. Robertson
AnneMarie Ryan



Howard I. Wetston, Q.C

THE HONOURABLE MR. HOWARD I. WETSTON, QC


Chair

Mr. Wetston is a respected public servant and a distinguished lawyer, jurist, regulator and executive. He is one of Canada’s most prominent leaders in administrative law and regulation with deep expertise in securities, energy, competition and other regulated industries.

He has been the Chair & CEO of the Ontario Securities Commission since 2010, was the Chair & CEO of the Ontario Energy Board from 2003 to 2010, and was a Vice-Chair of the OSC from 1999 to 2004. The OSC and OEB are two of the largest and most complex industry regulators in Canada.

In addition to his duties as OSC Chair, Mr. Wetston is a Vice Chair of the Board of the International Organization of Securities Commissions (IOSCO). IOSCO is the leading international policy forum for securities regulators and is recognized as the global standard setter for securities regulation.

Mr. Wetston was granted the title “Honourable” after an exemplary six years as a Trial Judge at the Federal Court of Canada and Ex-officio Judge of its Appeal Division.

He was appointed Q.C. during his seven years as a prominent regulator working up to the level of Director of Investigations & Research (now Commissioner of Competition) at the federal government’s Bureau of Competition Policy.

He spent the first 12 years of his career as a lawyer achieving the positions of General Counsel at the Canadian Transport Commission and Assistant General Counsel at the National Energy Board. Mr. Wetston was also General Counsel and Program Director at the Consumers’ Association of Canada. Before that, he was a Crown Counsel in Nova Scotia and at the federal Department of Justice. He has worked in private practice in Montreal and Calgary and articled in private practice in Halifax.

In addition, Mr. Wetston is a member of the Advisory Board for The Program on Ethics in Law and Business at the University of Toronto and is a member of the Shannon School of Business Advisory Board at Cape Breton University. He was a lecturer of competition law and regulated industries at the University of Ottawa for seven years.

Mr. Wetston holds an LL.B. from Dalhousie and a B.Sc. from Mount Allison and has been called to the Bar in Nova Scotia, Ontario and Alberta. He holds the ICD.D designation from the Institute of Corporate Directors. He holds honorary doctorate degrees from Cape Breton University and Dalhousie University.


Appointed: November 2010
Reappointed: May 2012
Term expires: November 2015

Committees:
  • Governance and Nominating Committee (ex officio)



Monica Kowal

MONICA KOWAL


Vice-Chair

Monica Kowal has over 25 years of experience in capital markets law and policy spanning both the public and private sectors. Most recently, Ms. Kowal continues to play a leading role on the Cooperative Capital Markets Regulatory System initiative as well as other major policy initiatives of the Ontario Securities Commission.

Before becoming Vice-Chair, Ms. Kowal was General Counsel of the OSC, building a 15 person in-house legal, policy and risk management resource to the Commission while leading a number of regulatory reform agendas including modernizing derivatives legislation following the 2008 financial crisis. As a trusted advisor to governments and an expert in capital markets regulation, Ms. Kowal was seconded to the Canadian Securities Transition Office where she led the federal derivatives regulatory initiative and co-led the harmonization of provincial securities regulation.

Prior to joining the OSC, Ms. Kowal was a partner at Blake, Cassels & Graydon LLP where, as a member of the Blakes securities group, she was involved in extensive securities and corporate law matters.
Appointed: July 2014
Term expires: July 2016

Committees:
  • Adjudicative Committee



Grant Vingoe

D. GRANT VINGOE, BA, LL.M., JD, ICD.D.


Vice-Chair

Grant Vingoe is a leading counsel on securities law in the U.S. and Canada, who has extensive experience as a leader on cross-border securities initiatives and a background in corporate governance and regulatory policy. He has been a partner with international law firms in Toronto and New York, most recently with Norton Rose Fulbright where he specialized in the regulation of financial institutions and capital market transactions. He is a former independent director of the Investment Industry Regulatory Organization of Canada (IIROC) and was Chair of its Corporate Governance Committee.

Mr. Vingoe is a graduate of Osgoode Hall Law School and received his LL.M. from the New York University School of Law. He has served as Counsel to the Toronto Stock Exchange and as guest lecturer at Osgoode Hall Law School as part of its LL.M. Securities Law Program. He is a member of the Canadian Bar Association Subcommittee on Securities Regulation and the Canadian Centre for Ethics & Corporate Policy.

Appointed: August 2015
Term expires: August 2017




Mary G. Condon

MARY G. CONDON, BA, MA, LLM, SJD




Professor Mary Condon is a leading academic in the area of securities law. She teaches securities law at Osgoode Hall Law School, and also directs and teaches in its part-time LLM program specializing in securities law.

She is co-author of Securities Law in Canada: Cases and Commentary (2nd ed. 2010) and Business Organizations: Principles, Policies and Practice (2007), and author of Making Disclosure: Ideas and Interests in Ontario Securities Regulation (1998). She is also the author of numerous articles, book chapters and commentaries on topics related to securities regulation and pension policy, and has presented conference papers and given lectures nationally and internationally.

Professor Condon is a member of the Board of Trustees of the York University Pension Fund and is a member of the Investor Education Fund board of directors.
Appointed: June 2014
Term expires: June 2016

Committees:
  • Adjudicative Committee
  • Governance and Nominating Committee




GARNET W. FENN, CPA, CA, CMA, CGA (Ontario), CPA (Michigan)




Garnet Fenn was a senior finance executive in the automotive industry and is a sessional instructor in Finance and Accounting at the Odette School of Business, University of Windsor. Mr. Fenn brings extensive experience in all areas of finance in Canada, the United States, and internationally. He recently retired as the Group Global Assistant Treasurer of Chrysler LLC and was formerly VP CFO/Treasurer of Chrysler Canada Ltd. He has also held positions at KPMG Chartered Accountants, The Hospice, and RBC Dominion Securities.

Mr. Fenn holds several accounting, investment, and corporate governance designations and is a former voting member of the Canadian Audit and Assurance Oversight Council. He has completed executive programs at the University of Western Ontario, INSEAD (Paris), and IMD (Switzerland). He has an H.B.Comm and MBA from the Odette School of Business and is currently a DBA candidate at Edinburgh Business School.

Appointed: July 2015
Term expires: July 2017



William J. Furlong

WILLIAM J. FURLONG, MBA


William Furlong is a senior banking executive who brings more than 20 years of experience in Canadian and international capital markets to the Commission. He has expertise in asset-backed securitization, structured derivatives and the governance and oversight of trading businesses. He retired from TD Securities/TD Bank in 2012, having held the position of Vice-Chair and Senior Vice President, Global Head of Trading Business Management, and was a member of the most senior TD Securities business committees. Mr. Furlong’s 17-year career at TD saw him build and lead back-office, middle-office, and front-office business groups with operations in Toronto, New York, London, Tokyo and Singapore. Mr. Furlong holds a Bachelor of Commerce (Honours) degree from Memorial University of Newfoundland and an MBA from the Ivey School of Business at Western University. He is currently the Executive-in-Residence at the Ian O. Ihnatowycz Institute for Leadership at the Ivey School of Business. Appointed: January 2015
Term expires: January 2017




Sarah B. Kavanagh

SARAH B. KAVANAGH


Chair, Audit and Finance Committee

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.
Appointed: June 2011
Reappointed: May 2013
Term expires: May 2016

Committees:
  • Audit and Finance Committee (Chair)
  • Governance and Nominating Committee



Edward Kerwin

EDWARD KERWIN



Edward Kerwin brings extensive legal expertise, knowledge of the capital markets and experience as a director to the Commission’s regulatory, adjudicative and operational functions.

Mr. Kerwin has more than 35 years of experience in securities, mergers and acquisitions, and corporate governance law. As a partner of McCarthy Tétrault from 1979 until his retirement in 2009, he advised major investment dealers on securities offerings by reporting issuers and advised the senior management of issuers. He practised law in Toronto, Calgary and London, U.K., wrote more than 60 articles, and lectured nationally and internationally.

Mr. Kerwin was called to the Ontario bar in 1973 and the Alberta bar in 1981. He holds the ICD.D designation and has served on the boards of a number of TMX-listed corporations, arts organizations, and university and charitable bodies.
Appointed: January 2011
Reappointed: December 2012
Term expires: January 2016

Committees:
  • Adjudicative Committee
  • Human Resources and Compensation Committee



Deborah Leckman

DEBORAH LECKMAN, MBA, CFA



Deborah Leckman is a senior investment executive with over 30 years of experience in the pension fund and retail wealth industries, including over 20 years as a portfolio manager.

Most recently, Ms. Leckman was a Senior Vice President at TD Waterhouse, where she was responsible for providing research, recommendations and education to over 1,200 private investment advisors, financial planners and private investment counsellors across Canada. Prior to joining TD Waterhouse, she was responsible for the $15 billion actively managed public equity program at OMERS.

Ms. Leckman is a Chartered Financial Analyst and has an MBA from McGill University. She serves on the financial affairs committee of Family Services Toronto, and serves on the board of the CODE Foundation.
Appointed: February 2013
Reappointed: February 2015
Term expires: February 2017

Committees:
  • Audit and Finance Committee
  • Human Resources and Compensation Committee



Janet Leiper

JANET LEIPER, LLM, CS


Janet Leiper has more than 25 years of experience as an adjudicator chairing administrative hearings, as a prosecutor and defence counsel in criminal matters, and as a leader in legal ethics and regulatory oversight. In addition to her active legal practice, she has held many positions serving the public interest. Ms. Leiper is an Alternate Chair of the Ontario and Nunavut Review Boards. She recently completed a high-profile appointment as Integrity Commissioner for the City of Toronto. She was Chair of Legal Aid Ontario and a director of Pro Bono Law Ontario. She continues to serve the legal profession and the public as an elected Bencher of the Law Society of Upper Canada. In 2009 she received the Law Society’s Laura Legge Award, which recognizes women lawyers from Ontario who have exemplified leadership within the profession. Ms. Leiper has a Bachelor of Laws degree from the University of Western Ontario and a Master of Laws degree from the University of Toronto. She was called to the bar of Ontario in 1987 and is certified as a specialist in criminal law by the Law Society. Appointed: January 2015
Term expires: January 2017



Alan Lenczner

ALAN LENCZNER, QC


Chair, Adjudicative Committee

Alan Lenczner is a founding member of Toronto law firm Lenczner Slaght. He has over 40 years of experience in civil litigation with emphasis on commercial litigation, class action cases, professional liability and securities litigation. During his career, he has argued more than 200 full trials and appeals. He is a frequent lecturer on a broad range of legal topics ranging from fiduciary duty to constitutional law, and has taught trial advocacy at the University of Toronto and Osgoode Hall law schools.

Mr. Lenczner was appointed Queen’s Council in 1982. He was called to the Ontario bar in 1969. He is a member of the Advocates’ Society and is a Fellow of the American College of Trial Lawyers.
Appointed: February 2013
Reappointed: February 2015
Term expires: February 2017

Committees:
  • Adjudicative Committee (Chair)
  • Audit and Finance Committee



Timothy Moseley

TIMOTHY MOSELEY, LLB, MBA


Timothy Moseley brings global regulatory expertise and a unique securities litigation and enforcement background to the Commission. He was most recently the Senior Vice-President and Chief Compliance Officer for the Canadian Imperial Bank of Commerce’s worldwide operations from 2004 to 2014. Before that, he headed the CIBC’s Canadian compliance operations and had led the litigation groups of CIBC and Merrill Lynch Canada. From 1995 to 2001, he was litigation counsel in the OSC’s Enforcement branch, with the last two years as Manager of Litigation. Mr. Moseley is a Director of the Laskin Moot, the national bilingual moot court competition in administrative law, and has been a regular lecturer on business ethics in the MBA programmes at Queen’s University and York University. Mr. Moseley received a Bachelor of Laws degree from the University of Toronto and an MBA from Queen’s University. He was called to the bar of Ontario in 1989.
Appointed: January 2015
Term expires: January 2017



Christopher Portner

CHRISTOPHER PORTNER


Lead Director, OSC

Christopher Portner brings extensive legal, mergers and acquisitions and governance expertise to the Commission, particularly with respect to fulfilling its public interest mandate.

Mr. Portner was a partner at Osler, Hoskin and Harcourt LLP for 33 years. His practice was focused on mergers and acquisitions, pension and private equity investments and corporate governance. He has advised major public and private corporations in the financial services and energy sectors on mergers and acquisitions and restructuring transactions and on corporate, finance, regulatory and governance matters. In addition, he has provided corporate and regulatory advice to Ontario and federal Crown corporations.

Mr. Portner was called to the Quebec bar in 1972 and the Ontario bar in 1980. He has been a director of a number of public and private companies and of The Hospital for Sick Children, the Holland Bloorview Kids Rehabilitation Hospital and the Holland Bloorview Kids Rehabilitation Foundation of which he is a past Chair. He is currently a director of the Wellspring Cancer Support Foundation.
Appointed: December 2010
Reappointed: December 2012
Term expires: December 2015

Committees:
  • Adjudicative Committee




Judith N. Robertson

JUDITH N. ROBERTSON, CFA


Chair, Human Resources and Compensation Committee

With over 25 years of international financial services experience in senior positions in both buy-side and sell-side firms, Judith Robertson brings substantial expertise in securities markets, infrastructure, trading technologies, securities lending and investment products.

Most recently, Ms. Robertson was President and CEO of Belzberg Technologies Inc., a provider of integrated trading technology and brokerage services. Prior to joining Belzberg, Ms. Robertson was Executive Vice President with Perimeter Financial Corp., was CEO of Markets Inc. and was a Managing Director with Barclays Global Investors in San Francisco, London and Toronto.

Ms. Robertson is a Chartered Financial Analyst and has been an active participant in industry issues, serving as Chair of the Implementation Committee for the Order Protection Rule and as a member of the Market Rules Advisory Committee of IIROC. In addition, Ms. Robertson serves on the board of MPrime Network, a Network of Centres of Excellence for the mathematical sciences.
Appointed: June 2011
Reappointed: May 2013
Term expires: May 2016

Committees:
  • Human Resources and Compensation Committee (Chair)
  • Adjudicative Committee



AnneMarie Ryan

ANNEMARIE RYAN, MBA


Chair, Governance and Nominating Committee

AnneMarie Ryan brings over 35 years of experience in the capital markets as a senior executive in the areas of strategic planning, market structure, trading technology and transaction processing for institutional and retail brokerages.

Most recently, Ms. Ryan was President of AMR Associates, a consulting firm specializing in business strategy, trading technology and regulatory matters, where she provided guidance to senior executives in the securities industry. Prior to that, she had an extensive career as a senior executive at a number of financial services firms.

Ms. Ryan is Past Chair and a member of the board of Women in Capital Markets, and is a member of the boards of Benefaction Foundation and Epilepsy Canada.
Appointed: February 2013
Reappointed: February 2015
Term expires: February 2017

Committees:
  • Governance and Nominating Committee (Chair)
  • Audit and Finance Committee