Photo: Josée Turcotte
The Office of the Superintendent of Financial Institutions has named Josée Turcotte the deputy superintendent, integrity, national security and integrated solutions.
Turcotte will succeed Kathy Thompson, who retires along with chief actuary Assia Billig. Turcotte steps into the deputy superintendent role on September 8, marking her return to OSFI.
Turcotte was once executive director of the emerging risk operations directorate at the OSFI. She spearheaded non-financial risks management and the development of the office’s regulatory responses in climate risk, digital innovation, technology and cybersecurity, third‑party risk, culture and compliance, and integrity and security.
She went on to become the Ontario Securities Commission’s executive vice president, chief operating officer, and chief of staff, leading operational and strategic functions. She directly supported the OSC’s chief executive officer. Moreover, she served as secretary and independent adjudicative counsel.
Turcotte served as chief legal officer at the Alcohol and Gaming Commission of Ontario previously. She was also senior vice president, corporate secretary, and governance head at HSBC; according to LinkedIn, she was on the bank’s executive and risk management committees. In this role, she reported to HSBC Bank Canada’s president and CEO, the board of directors, and the group company secretary of HSBC Holdings plc in London.
She was a part-time professor at the Osgoode Hall Law School at York University and an adjunct professor of evidence law at the University of Ottawa. She once served as a senior legal advisor on the Competition Tribunal, where she offered strategic and legal recommendations on competition law matters and on the delivery of the tribunal’s statutory mandate and priorities. Moreover, she spearheaded tribunal projects and reforms under the federal regulatory approval process in alignment with legislative changes; she also drafted final orders, reasons, and decisions.
Turcotte was previously a competition law officer at the Competition Bureau. She holds the ICD.D designation and is part of the Ontario and Quebec bars. She obtained her LLM in business law from Osgoode Hall Law School and has civil and common law degrees with honours from the University of Ottawa.
Replacing Billig in the chief actuary role as of October 1 is Laurence Frappier. She is presently a senior director in the Office of the Chief Actuary.