Minister Morneau Announces Term Appointments to Finance Portfolio Partners

News release

July 18, 2018 – Ottawa, Ontario – Department of Finance Canada

The Government of Canada is committed to appointing highly qualified candidates able to best serve the interests of Canadians.

As part of a commitment to an open, transparent and merit-based selection process for all Governor-in-Council appointments, interim appointments are sometimes required to fill immediate needs, and today Finance Minister Bill Morneau announced four such appointments:

Jennifer Camelon, Chief Financial Officer and Vice-President of Finance and Administration of the Royal Canadian Mint, has been appointed Master of the Mint for a six-month term effective August 30, 2018;

Dean Cosman, Senior Vice-President of Insurance and Risk Assessment at the Canada Deposit Insurance Corporation (CDIC), has been appointed CDIC's President and Chief Executive Officer for a six-month term, effective June 19, 2018;

Stephen Swaffield, Director at the Canada Development Investment Corporation (CDEV), has been appointed CDEV Acting Chairperson for a one-year term effective July 1, 2018; and

Lucie Tedesco, Commissioner of the Financial Consumer Agency of Canada, has been re-appointed for a six-month term effective September 3, 2018.

The appointees' biographical information is below. 

Biographical Notes

Jennifer Camelon

Jennifer Camelon was appointed Chief Financial Officer and Vice-President of Finance and Administration of the Royal Canadian Mint in January 2015. She oversees all aspects of the Mint's finance, information technology, procurement, enterprise risk management, corporate program management office and employee communications functions.

Prior to joining the Mint, Ms. Camelon was the Chief Financial Officer for QNX Software Systems, a company known for its innovative, market-leading technology in the embedded systems software space. In addition to the finance portfolio, Ms. Camelon led the IT, Operations and Quality functions. Ms. Camelon was the primary corporate representative to QNX's parent companies: Harman International (2004) and Research in Motion (BlackBerry, 2010). In addition to her responsibilities at QNX, she regularly undertook special projects and additional responsibilities in support of BlackBerry's transformation efforts. Prior to QNX, Ms. Camelon worked for Delta Hotels and Resorts, and Price Waterhouse in both Toronto and Ottawa.

Ms. Camelon is a Chartered Professional Accountant (CPA, CA) and holds a Bachelor of Commerce (Honours) from Queen's University. In 2005, the Ottawa Business Journal recognized Ms. Camelon as one of the Top 40 under 40.

Dean Cosman

Dean Cosman originally joined Canada Deposit Insurance Corporation (CDIC) in 1995 and has been involved in a number of key areas within CDIC including finance, member risk assessment, monitoring and the resolution of member institutions. Since September 2015, he has served as Senior Vice-President, Insurance and Risk Assessment and prior to that as Vice-President, Finance and Administration, and Chief Financial Officer.

Mr. Cosman brings more than 20 years of financial leadership experience in Crown corporations during which he successfully took on increasingly senior roles at CDIC and Export Development Canada.

Mr. Cosman holds a Bachelor of Commerce degree from Carleton University and is a Chartered Professional Accountant, Chartered Accountant.

Stephen Swaffield

Stephen Swaffield has significant experience in Canada's financial and energy sectors, having held senior roles with the Royal Bank of Canada (RBC Capital Markets and RBC Dominion Securities) and Canaccord Financial Inc. He also held senior executive leadership positions with British Gas and Shell International Petroleum Company.

Mr. Swaffield has many years of advisory and board experience, with both public and private companies, as well as with not-for-profit organizations.

He holds a B.A. and M.A. in Engineering Science from the University of Oxford and an MBA from INSEAD.

Lucie Tedesco

Lucie Tedesco was appointed Commissioner of the Financial Consumer Agency of Canada (FCAC) in September 2013, for a five-year term. She previously served as its Deputy Commissioner, starting in 2008.

As FCAC Commissioner, Ms. Tedesco is responsible for ensuring that federally-regulated entities comply with consumer protection measures. She also works to improve the financial literacy of Canadians.

Ms. Tedesco serves as a member of the federal Financial Institutions Supervisory Committee and is a board member of the Canada Deposit Insurance Corporation.

In 2016, Ms. Tedesco was appointed Chair of the International Financial Consumer Protection Organization, an international association of supervisory authorities responsible for financial consumer protection.

Ms. Tedesco began her career with Burke-Roberston, Barristers and Solicitors, where she specialized in insurance law. She went on to hold senior leadership roles with major Canadian financial institutions. In 2000, Ms. Tedesco joined Export Development Canada, where she took on increasingly senior positions, finishing her career there as Vice-President, Strategy and Planning.  

A member of the Ontario Bar, Ms. Tedesco holds a Bachelor of Arts degree (Lettres françaises) and an LL.B. from the University of Ottawa.

Quotes

"The partner agencies and Crown corporations in the Finance portfolio play an important role in safeguarding trust and stability in Canada's financial system. Today's appointees bring a wealth of private and public sector experience to their roles, which will serve Canadians very well. I would like to thank the appointees for their service to Canadians and congratulate them on their appointments."

Bill Morneau, Minister of Finance

Quick facts

  • The Canada Deposit Insurance Corporation is a federal Crown corporation that contributes to the stability of the Canadian financial system by providing deposit insurance against the loss of eligible deposits at member institutions in the event of failure.

  • The Canada Development Investment Corporation manages a portfolio of assets and investments held by the Government of Canada, on behalf of all Canadians, and privatizes its holdings when appropriate.

  • The Royal Canadian Mint is the Crown corporation responsible for the minting and distribution of Canada's circulation coins. The Mint is recognized as one of the largest and most versatile mints in the world, offering a wide range of specialized, high quality coinage products and related services on an international scale.

  • The Financial Consumer Agency of Canada is a federal government agency responsible for protecting consumers of financial services and products. It was established in 2001 by the federal government to strengthen oversight of consumer issues and to expand consumer education in the financial sector.

Associated links

Contacts

Media may contact:

Pierre-Olivier Herbert 
Press Secretary 
Office of the Minister of Finance
pierre-olivier.herbert@canada.ca 
613-369-5696

Media Relations
Department of Finance Canada
fin.media-media.fin@canada.ca
613-369-4000

General Enquiries

Phone: 613-369-3710
Facsimile: 613-369-4065
TTY: 613-369-3230
E-mail: fin.financepublic-financepublique.fin@canada.ca

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