BC Financial Services Authority Announces CEO/CSO Retirement

Blair Morrison, Chief Executive Officer and Chief Statutory Officer of BC Financial Services Authority (“BCFSA”) will be retiring in early 2025 after over five years in the role.

As CEO/CSO, Blair has led a successful, holistic transformation of financial services sector regulation in British Columbia. His time at BCFSA has been marked by a number of formative events such as the establishment of BCFSA as a crown agency in 2019, the integration of real estate regulation into BCFSA in 2021, and the reimagining of regulatory approaches in areas such as capital requirements and the use of data.

Blair’s passion and commitment to people and community has been demonstrated in a variety of ways, including introducing programs at BCFSA for equity, diversity and inclusion, and employee giving. He has served as member of the United Way Campaign Cabinet, contributing to helping people in need across the province. Guided by his leadership, BCFSA has been recognized as a “Great Place to Work” and has been named to the List of Top BC Employers for the past two years.

Dr. Stanley Hamilton, Chair of BCFSA Board of Directors, stated, “On behalf of the Board of Directors, we would like to thank Blair for his leadership, dedication and significant achievements that has made BCFSA a modern, efficient, and effective regulator of B.C.’s financial services sector.”

“Looking back on my time at BCFSA, I am immensely proud of what has been achieved. It has been a privilege leading such a talented team of professionals, who are committed to helping protect British Columbians,” said Blair. “I will leave the organization in good hands and well positioned to continue its success in the future.”

The recruitment of BCFSA’s new CEO/CSO will be conducted by the CEO Search Committee of the BCFSA Board of Directors which is being led by the BCFSA Board Chair. Massey Henry, an external search firm, will support the CEO Search Committee in the recruitment and selection process.

About BCFSA

BC Financial Services Authority (“BCFSA”) is the province’s regulator for the financial services sector that helps to protect British Columbians during some of the most important financial decisions of their lives. As a Crown agency of the Government of British Columbia, BCFSA oversees credit unions, trust companies, insurance companies, pension plans, mortgage services, real estate services, real estate development marketing, and money services. BCFSA also administers the Credit Union Deposit Insurance Corporation of British Columbia (“CUDIC”). BCFSA’s mission is to instill confidence in the financial services sector by focusing on the safety and soundness of regulated entities and consumer protection.