Ontario Securities Commission appoints new chair in Kevan Cowan

Kevan Cowan gestures during a luncheon speech at the CAPP Investment Symposium in Calgary, Alta., Wednesday, June 15, 2011. Ontario has appointed Cowan as the new chair of the Ontario Securities Commission. THE CANADIAN PRESS/Jeff McIntosh

TORONTO — Ontario says it has appointed former board member Kevan Cowan as the new chair of the Ontario Securities Commission (OSC).

In a press release, minister of finance Peter Bethlenfalvy says Cowan provided recommendations to the government on capital markets modernization.

Cowan is a financial services executive who has been a key participant in the transformation of Canadian capital markets during his three decades in the industry.

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He has served on a variety of boards and was CEO of the Capital Markets Authority Implementation Organization.

He has also been president of TSX markets and previously practiced corporate and securities law.

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The OSC is an independent government agency that enforces securities legislation in the province.

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