Louis Morisset not seeking third term as AMF chief

Veteran public servant to leave Quebec's financial regulator on July 1

Louis Morisset not seeking third term as AMF chief

After two successful terms, Autorité des marchés financiers (AMF) President and CEO Louis Morisset has announced his plans to retire from the regulatory agency.

“I have given the best of myself throughout my years at the helm of the AMF and am very satisfied and proud of what we have accomplished together," Morisset said in a statement. "After much thought, it is time for me to consider letting someone else lead the AMF to new heights.”

Morisset’s career in public service began in 2006. Since then, he’s played an instrumental role in developing Quebec’s current framework for regulating the financial sector.

He joined the AMF as superintendent, Securities Markets, and was elevated to president and CEO for an initial five-year term in 2013. In 2018, he was appointed for a second term.

“For ten years, the AMF has benefited from his thoroughness and sense of public service,” said Québec Finance Minister Eric Girard. “I wish to thank him for devoting himself to the task of making practices in the industry safer and more respectful and sustainable."

Robert Panet-Raymond, chair of the AMF's board of directors, also thanked Morriset for his contributions.

“He will have a lasting impact on the AMF and, because of his leadership, will be leaving behind a regulator providing even greater added value for consumers and the industry and with unprecedented local, national and international reach,” Panet-Raymond said. “His vision and determination will also have resulted in the establishment of a solid executive team that will ensure the longevity of a heritage that he can be proud of."

Morisset will be leaving the agency on July 1 when his current term ends. What he will do for the next chapter in his professional life remains to be seen.

“I believe that we have made enormous strides since 2013 and our great organization now occupies a very important place within the Québec financial ecosystem,” he said.