Canada's Office of the Superintendent of Financial Institutions has told federally regulated financial institutions that two senior leadership changes will take effect this fall. Josée Turcotte will become Deputy Superintendent for Integrity, National Security and Integrated Solutions on September 8, 2026, and Laurence Frappier will become Chief Actuary on October 1, 2026. The appointments follow the retirements of Kathy Thompson, Deputy Superintendent for Integrity, National Security and Integrated Solutions, and Assia Billig, Chief Actuary. Turcotte is returning to OSFI after most recently serving as executive vice president, chief operating officer and chief of staff at the Ontario Securities Commission. At OSFI she previously led the Emerging Risk Operations Directorate, covering non-financial risks and regulatory responses in areas including climate risk, digital innovation, technology and cybersecurity, third-party risk, culture and compliance, and integrity and security. Frappier joined the Office of the Chief Actuary in 2011 and is currently a senior director leading actuarial reports, studies and advisory work on the Canada Pension Plan, the Old Age Security Program, the Employment Insurance Program and other federal programs and benefits.
Office of the Superintendent of Financial Institutions2026-06-16
Canada's Office of the Superintendent of Financial Institutions appoints Josée Turcotte and Laurence Frappier to senior roles effective this fall
Canada's Office of the Superintendent of Financial Institutions announced two leadership appointments effective this fall. Josée Turcotte will become deputy superintendent for Integrity, National Security and Integrated Solutions on September 8, 2026, and Laurence Frappier will become chief actuary on October 1, 2026. The changes follow the retirements of Kathy Thompson and Assia Billig.