The federal government has appointed Guy Saint-Pierre as president and CEO of the Canada Deposit Insurance Corp.

Saint-Pierre appeared before the House of Commons Standing Committee on Finance on May 5.

“Mr. Saint-Pierre is widely recognized as an expert in deposit insurance and brings a wealth of experience to his new position,” said Goodale. “With his knowledge of the financial services sector and his commitment to the protection of consumers, Mr. Saint-Pierre will ensure that CDIC continues to protect Canada’s deposit insurance system.”

An 18-year veteran of the corporation, Saint-Pierre currently serves as CDIC’s executive vp and COO. He has been instrumental in the design and implementation of a number of deposit insurance innovations that have since been adopted by many organizations both in Canada and abroad.

A native of Quebec, Saint-Pierre was educated in Ottawa, where he resides. He holds the designations of chartered accountant and certified management accountant.

CDIC is a federal Crown corporation that provides deposit insurance against the loss of deposits with its member banks, trust companies and loan companies.