Deputy Superintendent – Supervision Sector
Ben Gully was named Deputy Superintendent of OSFI’s Supervision Sector in April 2022.
In this executive role, Mr. Gully supervises federally regulated financial institutions and private pension plans. He assesses and responds to financial and operational risks while making capital and liquidity adequacy assessments.
Before becoming Deputy Superintendent, Mr. Gully served as Assistant Superintendent of the Regulation Sector, as well as the Risk Support Sector.
Prior to his appointment as Assistant Superintendent in 2017, he was Chief Risk Officer at the Australian Prudential Regulation Authority (APRA) where he was responsible for enterprise strategy and risk, performance and quality assurance.
Previously, Mr. Gully spent 14 years at OSFI where he held senior roles with increasing responsibility, including as the head of large bank supervision. He played a lead role in developing OSFI’s supervisory practices in the areas of stress testing, risk management and risk analytics.
Prior to joining OSFI, he worked at the Bank of England on financial stability.
Mr. Gully holds a Doctorate in economics and a Master of Arts degree (Honours) from the University of St. Andrews, and a Master of Science degree in economics from the University of Glasgow.
Office of the Superintendent of Financial Institutions
The Office of the Superintendent of Financial Institutions (OSFI) is an independent agency of the Government of Canada, established in 1987, to protect depositors, policyholders, financial institution creditors and pension plan members, while allowing financial institutions to compete and take reasonable risks.