Chief announces retirement
BC Financial Services Authority (BCFSA) chief executive Blair Morrison (pictured) has announced his retirement, set to take place in early 2025.
Morrison has served as chief executive officer and chief statutory officer for over five years, overseeing significant changes in the regulator.
The search for Morrison's successor will be led by the CEO Search Committee of the BCFSA board of directors, with assistance from the external search firm Massey Henry.
During his tenure, Morrison led the transformation of BCFSA, which included its establishment as a crown agency in 2019, the integration of real estate regulation into the agency in 2021, and the development of new regulatory approaches in areas such as capital requirements and data usage.
“Blair’s passion and commitment to people and community has been demonstrated in a variety of ways, including introducing programs at BCFSA for equity, diversity and inclusion, and employee giving,” the BCFSA said in its media release.
Under Morrison’s leadership, BCFSA has been recognized as a "Great Place to Work" and named one of the Top BC Employers for the past two years. His community involvement included serving on the United Way Campaign Cabinet, which supports people in need across the province.
Stanley Hamilton, chair of BCFSA board of directors, commented: “On behalf of the Board of Directors, we would like to thank Blair for his leadership, dedication and significant achievements that has made BCFSA a modern, efficient, and effective regulator of BC’s financial services sector.”
“Looking back on my time at BCFSA, I am immensely proud of what has been achieved. It has been a privilege leading such a talented team of professionals, who are committed to helping protect British Columbians,” said Blair. “I will leave the organization in good hands and well positioned to continue its success in the future.”
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BCFSA is the provincial regulator for the financial services sector in British Columbia, overseeing credit unions, trust companies, insurance companies, pension plans, mortgage services, real estate services, real estate development marketing, and money services. The agency also administers the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC).
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