As the head of our executive team, the President and CEO leads CDIC and is responsible for overseeing the effective functioning of the corporation’s business and affairs. The President and CEO ensures that in fulfilling the corporation’s objectives, employees act in a manner consistent with board policies and directions.
- Peter Routledge, President and Chief Executive Officer
- Dean A. Cosman, Executive Vice-President and Chief Risk Officer
- Michael Mercer, Senior Vice-President, Resolution
- Chantal M. Richer, VP, Corporate Affairs, General Counsel and Corporate Secretary
- Anthony Carty, VP, Finance, Technology & Depositor Solutions & CFO
President and Chief Executive Officer
Peter Routledge was appointed President and Chief Executive Officer of Canada Deposit Insurance Corporation (CDIC) in November 2018. Mr. Routledge leads CDIC’s team of more than 140 professionals from a variety of disciplines whose work supports the corporation’s vision to earn the trust of Canadians as a global leader in deposit insurance and resolution.
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.
Dean A. Cosman
Executive Vice-President and Chief Risk Officer
Mr. Cosman was appointed to this role in April 2019 and is responsible for enterprise risk management (ERM), corporate strategy and global affairs functions. In this capacity, he represents CDIC on the global stage as a member of the Executive Council of the International Association of Deposit Insurers (IADI), Vice Chair of the IADI Audit and Risk Council Committee, and Chair of IADI’s Regional Committee of North America.
Mr. Cosman’s responsibilities also include CDIC’s Centre of Excellence for Crisis Simulations, which centralizes the testing and simulation activities for teams across the corporation.
Mr. Cosman, who first joined CDIC in 1995, has more than 20 years of experience with Crown corporations. Previously he served as CDIC’s Senior Vice-President, Insurance and Risk Assessment and prior to that as Vice-President, Finance and Administration and Chief Financial Officer. He holds a Bachelor of Commerce degree from Carleton University. He is a Chartered Professional Accountant, Chartered Accountant, as well as a graduate of the Executive Development Program at Queen’s University.
Senior Vice-President, Resolution
In his role as the Senior Vice President of Resolution, Mr. Mercer is responsible for overseeing CDIC’s member risk assessment, intervention and failure resolution activities.
Mr. Mercer joined CDIC in 2008 as a risk manager, and was appointed Director, Complex Resolution in June 2012, and later became Managing Director, Operational Preparedness and Coordination. Prior to joining CDIC, Mr. Mercer worked in the private sector occupying increasingly senior risk management roles in banking institutions in Australia, Europe and Canada.
Mr. Mercer holds Chartered Financial Analyst designation and a Bachelor of Economics from the University of Western Australia, Perth.
Chantal M. Richer
VP, Corporate Affairs, General Counsel and Corporate Secretary
Ms. Richer was appointed as Vice-President Corporate Affairs and General Counsel in June 2015, and as Corporate Secretary in January 2018. In this executive role, Ms. Richer is responsible for legal services, communications and public affairs, human resources, and the Corporate Secretariat.
Ms. Richer first joined CDIC in 2003 and has held roles of increasing responsibility within CDIC, including: Managing Director, Policy and Insurance, and Director, Legal Services. Before joining CDIC, Ms. Richer was a partner at an Ottawa law firm where she practiced corporate, commercial and real estate law.
Ms. Richer obtained her LL.B. from the University of Ottawa in 1990 and was called to the Ontario Bar in 1992.
VP, Finance, Technology & Depositor Solutions & CFO
In addition to being CDIC’s Chief Financial Officer, Mr. Carty is responsible for effectively aligning those who manage business processes related to reimbursement and interaction with depositors and those who develop the technology solutions to power those processes. This is a particularly critical function in the event of the failure of a CDIC member where reimbursement of insured deposits would be directly handled by Mr. Carty and his team.
Mr. Carty brings to CDIC more than twenty-five years of senior leadership experience in the private and public sectors in Canada and the U.S. Previously, he served as Vice-President, Corporate Services and CFO of the Canadian Commercial Corporation. In that role, Mr. Carty was responsible for managing a diverse portfolio consisting of finance, enterprise risk management, human resources, information technology, facilities, strategy and communications.
Mr. Carty holds a Master of Business Administration from Cornell University, a Bachelor of Arts (Mathematics and Statistics) from Queen’s University and is a Certified Public Accountant.