Peter Routledge will become the next head of Canada’s national bank regulatorA vast background in the financial sector, including the Department of FinanceArticle contentPeter Routledge will lead Canada's banking regulator, replacing Jeremy Rudin who is retiring.Routledge, the current chief executive at the Canada Deposit Insurance Corporation(CDIC), starts his seven-year term Tuesday as Superintendent of Financial Institutions. As Canada aims to recover from the pandemic-ravaged economic crisis, Routledge assumes the position.We are sorry, but the video is not loading.Tap here to view other videos by our team. Refresh your browser or Peter Routledge will become the next head of Canada’s national banking regulator. Back to videoRoutledge was a senior advisor to the Department of Finance before joining the CDIC in 2018. He advised on financial stability and housing policy.As National Bank Financial's managing director of research, he was responsible for the equity, fixed income, and derivatives research in Canadian financial institutions.He was also the head of Moodys Canada's financial institutions group.He has made a name for himself in the private and public sectors, and I know that his leadership and ability to innovate will be of tremendous value as we navigate the COVID crisis and Canada's economic recovery," Chrystia Freeland, Finance Minister, said in a statement.Rudin, who has served seven years as a banking regulator, will be retiring from the Office of the Superintendent of Financial Institutions. In December, Rudin announced his retirement from public service.Twitter: StefanieMarotta
