July 27, 2016 2:23 AM ET

Insurance

Company Overview of Canada Deposit Insurance Corporation

Company Overview

Canada Deposit Insurance Corporation is a federal crown corporation that provides deposit insurance against the loss of eligible deposits at member institutions in the event of failure. The company offers deposit insurance against savings accounts, checking accounts, term deposits, debentures, money orders and bank drafts, and cheques. Its members include banks, federally regulated credit unions, and loan and trust companies and associations governed by the Cooperative Credit Associations Act that take deposits. The company was founded in 1967 and is based in Ottawa, Canada.

50 O’Connor Street

17th Floor

Ottawa, ON K1P 6L2

Canada

Founded in 1967

Phone:

613-996-2081

Fax:

613-996-6095

Key Executives for Canada Deposit Insurance Corporation

Chief Executive Officer and President
Chief Financial Officer and Vice-President of Finance & Administration
Vice-President of Corporate Affairs and General Counsel
Senior Vice President of Insurance and Risk Assessment
Senior Vice-President of Insurance and Risk Assessment
Compensation as of Fiscal Year 2016.

Canada Deposit Insurance Corporation Key Developments

Canada Deposit Insurance Corporation Appoints Robert Sanderson as Chairperson

Minister of Finance Bill Morneau announced the appointment of Robert Sanderson as Chairperson of the Canada Deposit Insurance Corporation (CDIC). Mr. Sanderson is the Managing Director of Ithaca House. He has over 40 years of experience in the financial sector and is a member of numerous industry groups including: the Chartered Professional Accountants of Canada, the American Bankruptcy Institute and the International Association of Insurance Receivers. Most recently he has served as a member of CDIC’s Advisory Panel on Resolution. Mr. Sanderson’s appointment is for a term of one year or until such time as a new Chairperson is appointed, whichever comes first.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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