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David Wilson, MBA ’70, Chairman, Ontario Securities Commission

David Wilson became Chair of the Ontario Securities Commission on November 1, 2005, following an extensive 35-year career in Canada's securities industry.

Prior to his appointment for a five-year term as OSC Chair, Mr. Wilson was Vice Chair of the Bank of Nova Scotia and Chair and Chief Executive Officer of Scotia Capital in Toronto. He was responsible for all of Scotiabank's global wholesale banking activities, which included its corporate, institutional and government relationships on a global basis. Previously, Mr. Wilson held a variety of senior management positions with Scotiabank in the areas of investment banking, retail brokerage and corporate finance. He began his career as a financial analyst and in 1971 joined McLeod Young Weir, a predecessor firm to Scotia Capital.

During his career, Mr. Wilson has been actively involved in securities regulatory matters in Ontario and across Canada. He was Chairman of the Investment Dealers Association of Canada (IDA), a national self-regulatory organization (SRO), in 1996-1997. He was a founding Director of the Mutual Fund Dealers Association of Canada (MFDA), a SRO for the mutual fund industry, from 1997 to 1998. From 2001 to 2003, he served on the Ontario government’s Five Year Review Committee, which reviewed the content of the Ontario Securities Act. Since 2003, he has been advising the Government of Ontario on its work toward the establishment of a common securities regulator for Canada.

In 2007, Mr. Wilson co-chaired the Securities Fraud Enforcement Working Group, which was formed at the request of the federal, provincial and territorial ministers responsible for justice and which made recommendations to ministers to improve enforcement in Canada in late 2007.

Mr. Wilson was educated at the University of Toronto (B.Comm.) and York University (MBA).

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