Louis Morisset succeeds Mario Albert as AMF President and CEO

Quebec has appointed Louis Morisset to head provincial regulator succeeds Mario Albert as president and CEO

Québec on Wednesday appointed Louis Morisset as president and chief executive of provincial securities regulator the Autorité des marchés financiers (AMF) for a five-year term, effective July 2.

Morisset will take over from Mario Albert, who has led the AMF since 2011. Albert leaves to head Investissement Qubec, a provincial corporation that promotes investment in the province.

Morisset joined the AMF in 2006. He has served as superintendent of securities markets, where he oversaw the enforcement of legislation and regulations pertaining to public offerings by companies and mutual funds, including on matters of disclosures and governance, take-over and issuer bids, the creation and marketing of derivatives, as well as market operations.

He was also tasked with the supervision of exchanges and clearing houses that carry on activities in Québec, as well as the Québec activities of the Investment Industry Regulatory Organization of Canada (IIROC).

Over the years, he has assumed other responsibilities, such as overseeing market structures and derivatives markets in 2009 and, in 2012, AMF Public Affairs and Communications, which includes the development and implementation of financial education initiatives.