Press release

Mario Albert appointed to the Board of Directors of the CSF

Montreal, May 21, 2024 – The Chambre de la sécurité financière ("CSF") is pleased to welcome Mr. Mario Albert to its board of directors as an independent director appointed by the Minister of Finance for a three-year term starting May 10, 2024. Mr. Albert succeeds Ms. Anne Côté, who stepped down after nine years on the board of the CSF.

With a background in economics, Mr. Albert brings extensive experience in the financial sector and its regulatory environment. His vast expertise has led him to hold several important positions in the financial sector, including President and CEO of the Autorité des marchés financiers, President and CEO of Investissement Québec, and Deputy Minister at the Ministry of Finance. He has also held numerous other senior management positions in private, public, and parapublic organizations, including La Capitale and Finance Montréal. As a member of the board of directors, Mr. Albert will contribute to guiding CFS's strategic initiatives, thus ensuring the protection of consumers of financial products and services and the preservation of high professional standards in the sector.

"The CSF’s board of directors is delighted to welcome Mr. Albert. We will benefit from his expertise and vast experience in the financial sector to contribute to the CFS’ new 2024-2026 strategic plan. Once again, the expertise and knowledge of the principles of good governance demonstrated by our directors, including our colleagues appointed by the Minister of Finance, contribute to forming a board worthy of the CSF's important mission," said the Chairman of the Board, Mr. Gino-Sebastian Savard.

"I am proud to join the Chambre de la sécurité financière as an independent director. Quebec has a unique and innovative model for regulating financial services intermediaries thanks to the multidisciplinarity that allows for holistic advising and serving of consumers," said Mr. Mario Albert. "I have been a privileged witness to the evolution and significant contribution of the CSF, and I am pleased to join and support a credible, respected, and necessary organization that contributes to the confidence of Quebecers in the financial sector."

The CSF is governed by a board of directors composed of 13 directors, including eight directors elected from among its members and five independent directors appointed by Quebec’s Minister of Finance. This model provides the CSF with the competence, expertise, and independence required to fulfill its mission of protecting the public. Designated based on specific profiles and skill profiles, directors contribute to the proper functioning of the CSF and are able to take positions on issues that may affect how the profession is practiced and the protection of consumers of financial products and services.

It should be noted that three other director positions are currently up for election at the CSF, as members will have to choose whom among their peers will represent them on the board in the categories of life and health insurance, mutual funds brokerage, and financial planning. The number of professionals who have put themselves forward as candidates reflects the growing interest of members in promoting the CFS's mission of protecting the public.

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