Board of Directors

Mr. Sanderson, of Vancouver, B.C., served as the Chair of the Canadian Association of Insolvency and Restructuring Professionals and President of the Insolvency Institute of Canada and the International Association of Restructuring, Insolvency & Bankruptcy Professionals and is a fellow Chartered Professional Accountant of Ontario and British Columbia. Mr. Sanderson has also served as a member of the CDIC Advisory Panel on Resolution.

Mr. Sanderson spent over 40 years with KPMG in numerous capacities including: partner; president of KPMG Inc. (insolvency services); and, Chair of the Partnership Board of Directors. He served as Commissioner and Chair of the Audit Committee for the Insurance Commission of The Bahamas. Mr. Sanderson received a Bachelor of Arts (Honours) in Economics and Commerce from Simon Fraser University in 1969 and received his Chartered Professional Accountant designation in 1972.

Andrew J. Kriegler is the inaugural CEO of the Canadian Investment Regulatory Organization (CIRO) through the amalgamation of the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association of Canada (MFDA).

Andrew was appointed to President and CEO of the Investment Industry Regulatory Organization of Canada (IIROC), CIRO’s predecessor organization since late 2014. Before coming to IIROC, Andrew served as Deputy Superintendent of the Office of the Superintendent of Financial Institutions (OSFI) where he was responsible for the prudential supervision of Canada’s federally regulated financial institutions. He also spent 25 years in the private sector, most recently as Treasurer of CIBC from 2008 to 2012, and earlier as Senior Vice President & Chief Human Resources Officer of Moody’s Corporation, parent of the credit rating agency Moody’s Investors Service, where he had been the Canadian Country Managing Director.

Andrew has also worked as a treasury executive and as a securitization and debt capital markets banker and began his career as an analyst and then a trader on a mortgage-backed securities trading desk.

Andrew serves on the Board of Directors of the Canada Deposit Insurance Corporation (CDIC). He holds an MBA from the Ivey Business School at Western University and a B.Sc. in Computer Science and Economics from Trinity College in the University of Toronto.

J. Martin Castonguay is a Chartered Professional Accountant and auditor with over 40 years of experience serving public companies, primarily in the financial services industry, including mostly deposit-taking institutions such as banks. Other companies with which Mr. Castonguay worked included securities dealers, asset managers and clients in the telecommunications, engineering and construction sectors.

Most recently Mr. Castonguay was an Audit and Advisory Partner with Deloitte Canada, having held various management positions with the firm during his career, and serving as lead client service partner to some of the largest public companies in Canada. He has also been a member of various advisory committees to industry regulators and professional institutes.

Mr. Castonguay holds a Bachelor of Science from Loyola College, a Bachelor of Commerce from Concordia University, and a Graduate Diploma in Public Accountancy from McGill University. He is also a member of the Institute of Corporate Directors and holds the ICD.D designation.

Mr. Heath was appointed to CDIC’s Board of Directors on May 31, 2023, for a four-year term. He previously served as Chair of CDIC’s Advisory Panel on Resolution.  He served as Executive Vice-President and Group Treasurer of Bank of Nova Scotia prior to his retirement in 2015.  In this role he was responsible for the bank’s treasury operations on a global basis.  Prior to this, he held a number of senior positions in risk management at the bank.  Mr. Heath has served as a board member of a number of organizations and is currently a board member of Northeast Power Coordinating Council.

Mr. Heath holds a Bachelor of Commerce degree from Queen’s University and is a CPA CA.

Tashia Batstone is the President and CEO of FP Canada™, the leading certification and oversight body for the financial planning profession in Canada.

Since joining FP Canada, some of her biggest priorities have included promoting financial wellness for all Canadians; improving access to financial planning services; and increasing diversity, equity, and inclusion within the financial planning profession.

Before joining FP Canada, Tashia held senior executive positions at the Chartered Professional Accountants of Canada and also spent 5 years as CEO of the Institute of Chartered Accountants of Newfoundland and Labrador. She played a significant role in the unification of the accounting profession in Canada and led the development of the CPA Certification Program.

Her belief in giving back led Tashia to volunteer roles at organizations such as the CPA Canada Martin Family Initiative and Girl Guides of Canada.  She currently serves on the Board of the International Federation of Accountants (IFAC), and the World Association of Girl Guides and Girl Scouts (WAGGGS).

Helen R. del Val practised business law with a focus on regulated industries, primarily financial services and telecommunications.

She has served as a member of the audit committees of the Office of the Superintendent of Financial Institutions and of the federal Department of Justice. She was Chair of BC’s Financial Institutions Commission (now BC Financial Services Authority). She has served on the Canadian Radio-television and Telecommunications Commission (CRTC) as the commissioner representing the BC and Yukon regions, and taught telecommunications regulation internationally. She also chaired BC’s Community Care and Assisted Living Appeal Board, and served on BC’s Health Professions Review Board and Financial Services Tribunal.

Committed to community service, she is a former President of the British Columbia Council of Administrative Tribunals, a former director of the Justice Education Society of BC and of various community organizations, including Vancouver’s Chinese Cultural Centre and S.U.C.C.E.S.S.

Born and raised in Hong Kong, she moved to Canada at age 15. She attended the University of British Columbia and was awarded the University Medal for graduating with the highest standing in UBC’s Arts Faculty.

She is an accredited mediator, an Institute-certified director (ICD.D) and a retired member of the Law Society of BC.

Ms. Tanya van Biesen was appointed to the role of President and CEO of VersaFi (formerly Women in Capital Markets) in January 2024, where she works with leaders across the finance sector to accelerate equity in finance for women and gender-diverse individuals.

Prior to joining VersaFi, Ms. van Biesen was a Managing Partner with Korn Ferry where she led the Board & CEO Succession practice and advised corporate clients on their most significant leadership decisions.  Previously, she was a Partner at Spencer Stuart where she co-led the Financial Services practice for 11 years, advising the boards and leadership teams of banks and asset management firms across North America.

In addition to her experience in executive search and talent management, Ms. van Biesen was a Senior Vice President at Catalyst, a global non-profit, focused on the advancement of women in the workplace. In this role she was responsible for  working with over 500 companies around the world to build gender-inclusive workplaces.

Ms. van Biesen is a member of the Culture External Advisory Committee at the Office of the Superintendent of Financial Institutions, chair of the Executive Sleep-Out at Covenant House Toronto, a member of the Advisory Board at the Smith School of Business at Queen’s University, and President-elect of the Canadian Club of Toronto.

Ms. van Biesen holds a Master of Business Administration in Management from the University of Toronto’s Rotman School of Management, as well as a Bachelor of Commerce from the Smith School of Business at Queen’s University.

Leah Anderson was appointed President and Chief Executive Officer (CEO) of the Canada Deposit Insurance Corporation (CDIC) on August 16, 2023, for a five-year term. She began leading CDIC as interim president and CEO in August 2021, during a period of heightened global risks and rapid innovation in the financial sector.

Ms. Anderson started her public service career in 1993. Prior to joining CDIC, she was Assistant Deputy Minister of Financial Sector Policy at Finance Canada from 2016 to 2021. In this role, Ms. Anderson worked to strengthen the safety and soundness of the financial sector regulatory framework, oversight of the retail payments system, and financial consumer protection. She also worked on the federal government’s debt management and foreign reserves programs, and was alternate director on the Board of Directors of both CDIC and the Canada Mortgage and Housing Corporation. From 2020 to 2021, her work focused on the extraordinary financial sector response to the COVID-19 pandemic.

Following the 2008 global financial crisis through 2013, Ms. Anderson served as Director General at Finance Canada, where she led a review of the deposit insurance framework and development of resolution strategies and tools for systemically important financial institutions. From 2013 to 2015, Ms. Anderson was Associate Assistant Deputy Minister responsible for Economic Development Policy and Corporate Finance, and then for Financial Sector Policy from 2015 to 2016. She has also worked as a policy consultant to the financial sector.

Born in Sherbrooke, Quebec, Ms. Anderson is fluent in English and French. She holds a Bachelor of Arts and a Master of Arts in Economics from Queen’s University.

Mr. Macklem was appointed Governor of the Bank of Canada, effective 3 June 2020, for a term of seven years. As Governor, he is also Chairman of the Board of Directors of the Bank.

Born in Montreal, Quebec, Mr. Macklem graduated from Queen’s University in 1983 with a bachelor’s degree in economics and completed a master’s degree and a PhD in economics from the University of Western Ontario.

Prior to his appointment as Governor, Mr. Macklem was Dean of the Rotman School of Management at the University of Toronto, where he was a frequent speaker on the global financial system, risk management and public policy.

Before joining Rotman, he served as the Senior Deputy Governor at the Bank of Canada between July 2010 and May 2014. In this capacity, he was the Bank’s Chief Operating Officer and a member of the Board of Directors of the Bank. Mr. Macklem’s duties included acting for the Governor, overseeing strategic planning and coordinating the Bank’s operations, sharing responsibility for the conduct of monetary policy as a member of the Bank’s Governing Council, and participating in fulfilling the Bank’s responsibilities for promoting financial stability.

He was the first Chair of the Financial Stability Board’s Standing Committee for Standards Implementation from 2009 to 2013 and represented the Bank of Canada at the FSB. Previously, Mr. Macklem was Associate Deputy Minister at the Department of Finance from 2007 to 2010, serving as Canada’s representative at the G7, G20 and Financial Stability Board.

Carolyn Rogers was appointed Senior Deputy Governor of the Bank of Canada, effective December 15, 2021, for a seven-year term.

At the time of her appointment as Senior Deputy Governor, Ms. Rogers was Secretary General of the Basel Committee on Banking Supervision. From 2016 to 2019, Ms. Rogers served as Assistant Superintendent, Regulation Sector at the Office of the Superintendent of Financial Institutions (OSFI), where she was responsible for policy-related functions, including capital, accounting and legislation.

Before joining OSFI, Ms. Rogers served from 2010 to 2016 as Superintendent and Chief Executive Officer of the integrated financial sector regulator of British Columbia, the Financial Institutions Commission. During that time she served as Vice-Chair and Chair of the Canadian Council of Insurance Regulators. She is also a founding member and past Chair of the Credit Union Prudential Supervisors Association.

Before entering the provincial public service, Ms. Rogers worked in various roles in the private sector, including as chief financial officer and chief executive officer of a private company. She also worked in the financial services sector at several credit union organizations and a major bank.

Born in Winnipeg, Manitoba, Ms. Rogers is a Chartered Professional Accountant, and holds a bachelor of arts from Brandon University and a master of business administration from Queen’s University.

Chris Forbes was appointed Deputy Minister of Finance as of September 11, 2023.

He previously served as Deputy Minister of Environment and Climate Change, having been appointed in February 2023. From 2017 to 2023, Mr. Forbes was the Deputy Minister of Agriculture and Agri-Food Canada.

He has held several senior positions in government, including at the Department of Finance from 2000 to 2013 and again from 2016 to 2017.

Mr. Forbes has a Master’s Degree in Economics from McGill University.

Grahame Johnson was appointed Assistant Deputy Minister of Finance in the Financial Sector Policy Branch effective July 4, 2023. In this capacity, he advises the Deputy Prime Minster and Minister of Finance on all matters related to the financial sector, including financial crimes and security, financial stability, financial institutions and funds management. He is on secondment from the Bank of Canada.

Prior to being appointed Assistant Deputy Minister, Mr. Johnson was Advisor to the Governor. In this role, he provided advice on monetary policy operations and balance sheet management, the Bank of Canada’s fiscal agent activities, and international and domestic capital market forums. He also chaired the Bank’s Pension Fund Investment Committee.

Mr. Johnson has extensive knowledge of financial markets, the financial system, and monetary and funds management policies. Before becoming an Advisor, Mr. Johnson was Managing Director of the Financial Markets Department (FMD). He also served as Managing Director of the Banking and Payments Department (BAP) and Financial Stability Department (FSD). Prior to that, he held increasingly senior roles in the Financial Risk Office and FMD. Before joining the Bank in 2001, he worked on the fixed-income trading desk of a major Canadian financial institution.

Mr. Johnson is a native of Montréal, Québec. He has a degree in commerce from Queen’s University and holds a Chartered Financial Analyst designation.

Peter Routledge was appointed Superintendent of Financial Institutions in June 2021, for a seven-year term.

He previously served as the President and Chief Executive Officer of Canada Deposit Insurance Corporation (CDIC) beginning in November 2018. While at CDIC, Mr. Routledge led a successful transformation of CDIC’s culture, strategy, and technology vision. Mr. Routledge has extensive experience in Canada’s financial sector. Prior to joining CDIC, he was a Senior Advisor at the Department of Finance where he provided advice on a range of policy issues including financial stability, housing finance, and competition in Canadian financial services.

Mr. Routledge has held a variety of leadership roles in the financial services industry, both in Canada and abroad. He served as managing director of research at National Bank Financial, where he led a team responsible for producing equity, fixed income, and derivatives research on Canadian financial institutions. Prior to that, Mr. Routledge led the Canadian Financial Institutions Group at Moody’s Canada, with responsibilities for covering issuers in the banking, life insurance, personal and commercial insurance and reinsurance industries in Canada and the United States.

Mr. Routledge holds an MBA from INSEAD in France, and a bachelor’s degree in business and economics from Simon Fraser University.

Ben Gully was named Deputy Superintendent of OSFI’s Supervision Sector in April 2022.

In this executive role, Mr. Gully supervises federally regulated financial institutions and private pension plans. He assesses and responds to financial and operational risks while making capital and liquidity adequacy assessments.

Before becoming Deputy Superintendent, Mr. Gully served as Assistant Superintendent of the Regulation Sector, as well as the Risk Support Sector.

Prior to his appointment as Assistant Superintendent in 2017, he was Chief Risk Officer at the Australian Prudential Regulation Authority (APRA) where he was responsible for enterprise strategy and risk, performance and quality assurance.

Previously, Mr. Gully spent 14 years at OSFI where he held senior roles with increasing responsibility, including as the head of large bank supervision. He played a lead role in developing OSFI’s supervisory practices in the areas of stress testing, risk management and risk analytics.

Prior to joining OSFI, he worked at the Bank of England on financial stability.

Mr. Gully holds a Doctorate in economics and a Master of Arts degree (Honours) from the University of St. Andrews, and a Master of Science degree in economics from the University of Glasgow.

In March 2019, Werner Liedtke joined the Agency as Chief Financial Officer and Assistant Commissioner, Corporate Services and was appointed interim Commissioner in February 2024.

Before joining FCAC, he had a long career in the military.

He began as a member of the Stormont, Dundas and Glengarry Highlanders. Upon reaching the rank of Corporal, he was accepted as an Officer Cadet at Royal Military College in Kingston, Ontario. In 1988, he graduated with a Bachelor of Administration from Collège militaire royal de Saint-Jean.

His first posting was in Toronto, Ontario and he served extensively with the Logistics Finance Community. Highlights include being appointed the 8 Wing/CFB Trenton Comptroller, Staff Officer to the Director General Financial Services and various finance positions in Ottawa. He also served at Joint Force Command Brunssum in the Netherlands as the J8 Budget Officer responsible for NATO ISAF financial operations in Afghanistan. He was deployed to Kabul in January 2004 as the ISAF HQ Deputy CJ8.

Promoted to Lieutenant-Colonel in 2006, he served as the Information Management Group Comptroller and as Director of Budget 3, responsible for budget operations within the Department of National Defence. In 2009 he assumed command of the Canadian Forces Support Unit (Europe) in Geilenkirchen, Germany.

He was promoted to Colonel in 2010 and served as the Royal Canadian Air Force Comptroller/Director Air Comptrollership and Business Management. In 2015, he was promoted to Brigadier-General and worked as the Director General Financial Management. He retired from the Canadian Armed Forces in October 2017 and worked as the Chief Financial Management/Deputy Chief Financial Officer for National Defence until March 2019.

He is a Certified Management Accountant and completed Masters Degrees in Business Administration at the University of Ottawa and in Defence Studies at Royal Military College. In addition, he graduated from the Canadian Forces Command and Staff College in 2006.

Frank Lofranco was appointed Deputy Commissioner,  Supervision and Enforcement at the Financial Consumer Agency of Canada (the Agency) in 2020. He is a seasoned leader with significant expertise and experience in regulatory compliance and enforcement, strategic policy, program operations, project management, and business transformation.

Before joining FCAC, Mr. Lofranco was the Deputy Superintendent, Operations and Corporate Services, at the Office of the Superintendent of Bankruptcy, and prior to that he was Vice President of Scotiabank’s Global Anti-Money Laundering Operations.

Mr. Lofranco also has held executive positions at the Treasury Board Secretariat, Human Resource and Skills Development Canada, FedDev Ontario, and the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). During his 10 years with FINTRAC, he served in multiple roles including Deputy Chief Compliance Officer.

Mr. Lofranco holds a Master of Public Administration (MPA) from the University of Guelph, and a Bachelor of Public Policy and Administration (PPA) from York University.