The Canada Deposit Insurance Corporation (CDIC), a federal crown corporation established to protect the savings of Canadians, has announced the appointment of Leah Anderson as its interim president and CEO. Anderson will serve in the role for up to two years, beginning August 16 2021, while the competitive, merit-based appointment process is completed.

She is currently assistant deputy minister of the Financial Sector Policy Branch at Finance Canada and, in that capacity, serves as an alternate ex officio member of CDIC’s board of directors. Anderson replaces Peter Routledge, who became the new superintendent of financial institutions on June 29, 2021.

Commenting on her appointment, Anderson said she feels privileged to have been offered this opportunity and looks forward to serving in the role.

“CDIC plays a critical role in the financial system and in supporting financial stability,” she said. “It is an honour to begin to work on CDIC’s important mission of protecting Canadian depositors and to continue to make CDIC an outstanding institution with a strong global reputation.”