Dina Palozzi, the superintendent and CEO of the Financial Services Commission of Ontario, is leaving her long-time career with the Ontario government.

Palozzi said today she will be retiring effective July 13. “The past four years at FSCO have been exciting, productive, challenging and personally fulfilling,” she said in a memo to staff.

A spokesman for Palozzi’s office said the former assistant deputy minister of finance was leaving simply because her years of service and her age made her eligible for retirement.

Palozzi, who recently turned 50, was just named for a second two-year term as chairman of the Joint Forum of Financial Market Regulators, an interprovincial organization made up of regulators from the insurance, securities and pension disciplines. Its aim is to streamline regulations across the country as best as possible.

FSCO itself is in the midst of merging with the Ontario Securities Commission, a process in which Palozzi was very much involved.