Steven Cohen and Raymond Crossley are the Alberta Securities Commission’s newest members, the provincial regulator announced on Monday.
Each is appointed for a three-year term expiring on March 31, 2021.
“We are pleased to welcome Steve and Ray to the Commission,” said Stan Magidson, chair and CEO, ASC, in a statement.
“Each of these gentlemen bring outstanding knowledge and experience to our organization as we continue to foster a fair and efficient capital market and provide strong investor protection.”
Cohen has over 35 years of experience in the legal profession. He is currently a partner in the securities group at Burnet, Duckworth & Palmer LLP, focusing on capital markets activities, where he advises issuers, investment firms and other market participants on public offerings, private placements, mergers and acquisitions, reorganizations, recapitalizations, corporate governance, proxy matters and regulatory compliance. He served on advisory committees of both the ASC and the Ontario Securities Commission.
Crossley is a highly experienced financial professional and corporate director. He is currently the chief financial officer of the Calgary Health Trust, and also serves on the board of directors of Obsidian Energy Ltd. and the Canada West Foundation.
Before retiring from PricewaterhouseCoopers (PwC) in 2015, Crossley served as managing partner, Western Canada and was the audit partner on a broad range of public companies primarily in the energy sector. Prior to becoming a partner, he worked in PwC’s offices in Toronto, New York and London. Crosssley has previously served as a member of the ASC’s financial review committee and the financial advisory committee. He holds the ICD.D designation from the Institute of Corporate Directors and is a member of the Institute of Chartered Professional Accountants of Alberta.
In addition to the new member appointments, Kathryn Chisholm, has been re-appointed as a commission member for a three-year term expiring on March 31, 2021 and Ann Rooney, has been re-appointed to the position of lead independent member for another year, expiring on March 31, 2019.
Members act as the ASC’s board of directors overseeing the management of the commission as well as considering and approving changes to Alberta securities laws.