David Wilson took office as the new head of the
Ontario Securities Commission (OSC), the most
influential financial regulator in Canada. Wilson began work on
November 1 at the start of a five-year term. Before chairing
the OSC, Wilson was vice chairman of the Bank of Nova Scotia
and chairman and chief executive of Scotia Capital. He took
over from David Brown, who had led the OSC since 1998. Brown
rejoined Davies Ward Phillips & Vineberg this month as
counsel, having been a senior partner with the firm before
moving to the OSC. His experience as a lawyer includes
corporate finance, restructurings and mergers and acquisitions.
During his time at the OSC, Brown took a leading role in
pushing for greater uniformity of securities rules and for the
creation of a national regulator to replace the 13 existing
provincial and territorial authorities.