BCFSA Welcomes Tolga Yalkin as New Chief Executive Officer and Chief Legal Officer

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BCFSA Welcomes Tolga Yalkin as New Chief Executive Officer and Chief Legal Officer

Vancouver, Nov. 19, 2024 (GLOBE NEWSWIRE) — The BC Financial Services Authority (“BCFSA”) is pleased to announce the appointment of Tolga Yalkin as Chief Executive Officer and Chief Legal Officer, effective January 13, 2025. Mr. Yalkin, who will replace Blair Morrison after he announced his retirement earlier this year, joins the BCFSA in his current leadership role. agenda at the Canadian Office of the Regulator of Financial Institutions (“OSFI”).

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Mr. Yalkin brings extensive public sector experience and a forward-thinking approach to oversight, having led transformational initiatives in financial services regulation. Known for his collaborative leadership and commitment to strengthening Canada’s financial system, he is well-equipped to guide BCFSA’s evolution in British Columbia’s dynamic financial services environment.

“We are very happy to welcome Tolga as our new CEO and CSO,” said Dr. Stanley Hamilton, Chair of the BCFSA Board of Directors. “His leadership, expertise, and experience will help us continue to build an efficient, accessible financial sector for the people of British Columbia, supported by a strong regulatory and organizational framework where Team Members are respected and supported.”

The leadership of Mr. Yalkin will be instrumental in BCFSA’s ongoing efforts to build confidence in BC’s financial services sector by prioritizing stability, safety, and consumer protection.

“I am honored to take on this role and am very excited to work with the talented team at BCFSA,” said Mr. Yalkin. “Together, we will rise to the challenges and seize the opportunities ahead to keep BC’s financial services sector strong, inclusive, and innovative as a regulator focused on the people we serve.”

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Mr. Yalkin holds honors degrees in business and law from the University of Oxford, the University of Sydney, and the University of British Columbia.

About BCFSA

The BC Financial Services Authority (“BCFSA”) is the provincial regulator of the financial services industry that helps protect British Columbians during the most important financial decisions of their lives. As a Crown agency of the Government of British Columbia, the BCFSA oversees credit unions, trust companies, insurance companies, pension plans, mortgage services, real estate services, real estate marketing, and financial services. The BCFSA also oversees the Credit Union Deposit Insurance Corporation of British Columbia (“CUDIC”). The BCFSA’s mission is to instill confidence in the financial services sector by focusing on the safety and soundness of regulated entities and consumer protection.

BCFSA has approximately 400 employees and an annual operating budget of $75 million. BCFSA has been named to BC’s top employers list for the past two years, known as a “Great Place to Work,” and has earned certification from the Rick Hansen Foundation Accessibility Certification program.

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