IIROC announces new board director

Newly named director brings over 35 years of industry experience, also serves on various other boards

IIROC announces new board director

The Investment Industry Regulatory Organization of Canada (IIROC) has announced a new member of its board of directors.

IIROC has elected Debra Doucette, a veteran with more than 35 years of experience in Canada’s investment space, as its new industry director. She is taking the place of Holly A. Benson, who is stepping down after serving for nearly seven years on the board due to her retirement from the industry.

"On behalf of the board, I would like to thank Holly for her steadfast commitment, as well as recognize the significant contributions she has made," said Paul D. Allison, chairman and Chief Executive Officer, Raymond James Ltd. and chair of IIROC's Board

Currently, Doucette is president and CEO of Odlum Brown Limited, a full-service investment firm whose headquarters is in Vancouver; before that, she took on various roles since 1991.

She is a sitting member of the boards of Providence Health Care and Drug Free Kids Canada; an alumna of the University of British Columbia, she’s also a member of the UBC Sauder School of Business Faculty Advisory Board and the Alumni UBC Board of Directors. She also has governance experience as an industry director and chair of the board of the Canada Investor Protection Fund.

“We are pleased to welcome Debra to the board. Her deep industry knowledge, unique skillset and history of leadership make her an ideal individual for this role,” Allison said.

“I'm confident that Debra's knowledge and experience in the investment industry will be a valuable addition to our Board of Directors,” added IIROC President and CEO Andrew J. Kriegler. “We're excited by the collective expertise the board will bring to IIROC as we focus on our mandate to protect investors and support healthy Canadian capital markets.”