Louis Morisset not seeking third term as AMF chief

He joined the AMF as superintendent, Securities Markets, and was elevated to president and CEO for an initial five-year term in 2013. In 2018, he was appointed for a second term.

“For ten years, the AMF has benefited from his thoroughness and sense of public service,” said Québec Finance Minister Eric Girard. “I wish to thank him for devoting himself to the task of making practices in the industry safer and more respectful and sustainable.”

Robert Panet-Raymond, chair of the AMF’s board of directors, also thanked Morriset for his contributions.

“He will have a lasting impact on the AMF and, because of his leadership, will be leaving behind a regulator providing even greater added value for consumers and the industry and with unprecedented local, national and international reach,” Panet-Raymond said. “His vision and determination will also have resulted in the establishment of a solid executive team that will ensure the longevity of a heritage that he can be proud of.”

Morisset will be leaving the agency on July 1 when his current term ends. What he will do for the next chapter in his professional life remains to be seen.