Leah Anderson appointed as CDIC President & CEO
OTTAWA – April 24, 2023 – Today, the Canada Deposit Insurance Corporation (CDIC) welcomes the announcement by the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, to appoint Leah Anderson as its President and Chief Executive Officer (CEO) for a five-year term.
Ms. Anderson has been serving as Interim President and CEO since August 2021. CDIC protects depositors by strengthening financial system resolution readiness to ensure Canadians have timely access to their savings, and promoting financial system stability.
“CDIC deposit protection is a cornerstone of Canada’s strong and resilient financial system,” said Ms. Anderson. “It is an honour to continue serving Canadians and provide peace of mind that their hard-earned savings are safe and will be available when needed.”
Ms. Anderson brings with her extensive experience. Prior to joining CDIC, she held a range of senior executive roles at Finance Canada, including most recently as Assistant Deputy Minister responsible for Financial Sector Policy where she worked to ensure financial system stability and sound oversight, including in the areas of housing finance, deposit insurance, and the payments system. Her work also focused on the extraordinary financial sector response to the COVID-19 pandemic.
CDIC is a federal Crown corporation established in 1967 to protect the savings of Canadians and contribute to financial stability by safeguarding more than $1 trillion in eligible deposits at more than 85 member institutions. As resolution authority, CDIC is responsible for handling the failure of any of our members, from the smallest to the largest. Our members include banks, federally regulated credit unions as well as loan and trust companies. We are funded by premiums paid by member institutions and do not receive public funds to operate. We have resolved 43 member failures to date, affecting some two million Canadians. No one has lost a dollar of deposits under CDIC protection.
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