The head of Canada's securities industry self-regulator is going to get a very good inside look at how her peers in the U.S. do business, having been named to the board of the equivalent U.S. body.
Susan Wolburgh Jenah, the chief executive officer of the Investment Industry Regulatory Organization of Canada (IIROC), was named one of two new public governors on the board of the Financial Industry Regulatory Authority (Finra). She is the first Canadian to serve on the board of the U.S. body.
Ms. Wolburgh Jenah brings "an extraordinary knowledge of securities regulation and a steadfast commitment to the interests of investors to Finra," Finra CEO Richard Ketchum said in a release.
Ms. Wolburgh Jenah won't overlap long at the two bodies. She is planning to retire from IIROC on Oct. 31, having served more than seven years as head of the regulator. Before that, she spent 23 years at the Ontario Securities Commission.