Glen Padassery has significant experience in regulatory and policy roles within the government and financial sectors. Glen is currently the Executive Vice President and Chief Consumer Officer at the Financial Services Regulatory Authority (FSRA), where they oversee policy, planning, and strategy for the newly created financial services regulator. Glen is also responsible for the Chief Consumer Office and Office of Innovation.
In addition, Padassery serves as a Member of the Board of Directors at the Ontario Motor Vehicle Industry Council (OMVIC) and the Technical Standards & Safety Authority (TSSA). At OMVIC, they contribute to the governance and decision-making processes of the organization. At TSSA, they ensure public safety through the regulation of various industries and devices.
Padassery previously served as a Member of the Board of Directors at the Tarion Warranty Corporation, where they contributed to the protection of consumers of new homes by enforcing provincial legislation and resolving warranty disputes.
Prior to their board positions, Padassery held various leadership roles within the Ontario government. Glen was the Assistant Deputy Minister of Consumer Protection Ontario, responsible for overseeing provincial policies and executing regulatory statutes across a range of industries. Glen also served as the Director of Policy, Standards, and Compliance Enforcement, where they designed and implemented a compliance and enforcement program for the Accessibility for Ontarians with Disabilities Act. In addition, Padassery led the government's employment programs for youth and new professionals and managed program design and compliance.
Overall, Glen Padassery has a strong background in regulatory oversight, policy development, and strategic leadership in the financial services and government sectors.
Glen Padassery, C.Dir has completed the Chartered Directors Program in Governance at the DeGroote School of Business - McMaster University from 2020 to 2021. Prior to that, they obtained a Bachelor of Arts (BA) in Urban and Economic Geography from the University of Toronto, graduating between 1995 and 1999.
Financial Services Regulatory Authority of Ontario (FSRA)
The Financial Services Regulatory Authority of Ontario (FSRA) is a new, independent regulatory agency created to improve consumer and pension plan beneficiary protections in Ontario. FSRA was established to replace the Financial Services Commission of Ontario (FSCO) and the Deposit Insurance Corporation of Ontario (DICO). The agency is flexible, self-funded and designed to respond rapidly to an evolving commercial and consumer environment. In this capacity, FSRA will: • Promote high standards of business conduct • Foster a sustainable, competitive financial services sector • Respond to market changes quickly • Promote good administration of insurance and pension plans • Encourage innovation The newly created agency protects Ontarians by regulating: • Property and casualty insurance • Life and health insurance • Credit unions and caisses populaires • Loan and trust companies • Mortgage brokers • Health services providers (related to auto insurance) • Pension plan administrators • Financial planners and advisors For more information, visit www.fsrao.ca