New Brunswick’s financial regulator, the Financial and Consumer Services Commission (FCSC), named a new chairman Friday.

The FCSC announced that Peter Klohn, partner with Stewart McKelvey, has been named the new chairman of the regulator, which was established on July 1. The FCSC consolidates the regulators for the securities, insurance, and pension sectors, along with other aspects of the financial sector in New Brunswick. Klohn’s five-year appointment will begin Jan. 1, 2014.

Klohn, a graduate of the University of New Brunswick and Osgoode Hall Law School, has practised law in Saint John for more than 25 years. In 1986, he joined Stewart McKelvey, where he specialized in corporate finance, securities and technology law.

“I am looking forward to taking on this new and challenging role,” said Klohn.”I am enthusiastic to begin working with the professional team at the commission in its important role of regulating financial services and protecting consumers and investors in the province.”

“Mr. Klohn’s appointment is great news for the commission,” said David Barry, the current chair of the commission. “His extensive experience working with New Brunswick companies to help them prosper will provide an excellent point of reference for the other areas that the commission regulates.”