The Canadian Investment Regulatory Organization (CIRO) announced on June 25, 2026, that Andrew Kriegler, its inaugural President and Chief Executive Officer, has informed the Board of Directors that he will not seek a further term. Kriegler intends to retire next year, prompting the Board to commence a formal search for his successor.
Kriegler's Tenure and Achievements
Kriegler, now in his 12th year as CEO, oversaw the integration of the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association of Canada (MFDA) to form CIRO on January 1, 2023. Prior to that, he served as President and CEO of IIROC starting in 2014. Under his leadership, CIRO strengthened regulatory credibility, enhanced collaboration with domestic and international partners, improved operational resilience, and built a high-performing organization.
Search for Successor
The Board has engaged Russell Reynolds to lead the search for CIRO's next President and CEO. Kriegler will continue in his role throughout the process to ensure organizational continuity and maintain focus on the public interest mandate. “On behalf of the Board, I thank Andrew for his integrity and commitment to public service, his dedication to Canadian investors and the investment industry, and the lasting foundation he has helped establish,” said CIRO Board Chair Miranda Hubbs.
CIRO's Mandate and Modernization
CIRO was established to unify oversight of investment dealers, mutual fund dealers, and their trading activity under a single, modern self-regulatory framework. Kriegler oversaw the integration of legacy organizations, established CIRO's governance and operating model, and advanced a multi-year modernization agenda focused on data, technology, risk-based supervision, and investor protection. Through delegation orders from provincial and territorial securities authorities, CIRO now delivers harmonized, efficient regulation across Canada.
“It has been an honour to lead CIRO from its inception and to have served as CEO of IIROC before it,” said Andrew Kriegler. “I am immensely proud of what our people have accomplished in building on the strengths of our predecessor organizations to establish a more efficient and effective regulator for Canadian investors and markets.”
