CANADA - Office of the Superintendent of Financial Institutions (OSFI) superintendent Nicholas Le Pan has resigned with two years still remaining on his contract.
Le Pan (pictured) was appointed superintendent on September 1, 2001 for a seven-year term, but last week tendered his resignation to the finance minister. He will leave OSFI on 13 October.
“I believed OSFI is well placed to continue meeting its mandate to contribute to public confidence in the Canadian financial system,” said Le Pan.
Le Pan has been with OSFI since 1995 and served in a variety of roles.
The appointment of a new superintendent will be managed by the government.
By Damian Clarkson
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