As President and Chief Executive Officer, Andy Poprawa is accountable for ensuring that DICO’s mandate of prudential oversight, protecting depositors and maintaining confidence in Ontario’s credit unions is met. During his tenure with DICO he has overseen the elimination of a $100 million debt, the establishment of a reserve fund now in excess of $157 million and the recapitalization of the credit union industry of over $2 billion.
Andy has extensive experience in the financial services industry gained over the past thirty five years as a credit union CEO, an external auditor, a regulator and a deposit insurer. In addition to the last 15 years as the CEO of DICO, he served as the chief regulator of credit unions in Ontario during the early 1990’s. Having spent ten years with the Office of the Superintendent of Financial Institutions (Canada) in various capacities including banking supervision, insurance company oversight and policy development, he has developed an in-depth understanding of the regulatory processes required to maintain confidence in financial institutions.
He has also been the CEO of a major Ontario credit union and the Chief Financial Officer of an airline subsidiary. He is a Chartered Professional Accountant and a former auditor with an international accounting firm. He is also a Certified Government Financial Manager and received his Bachelor of Commerce degree from the University of Toronto.
Andy is keenly interested in corporate governance and has assisted DICO’s Board of Directors in developing and implementing innovative governance practices to improve the organization’s effectiveness.
He currently serves on the Institute of Corporate Directors (ICD) Ontario Chapter Executive and has served on the Conference Board of Canada's Advisory Committee on Governance. He also participates as a faculty member in the Directors College – a joint program offered by McMaster University and the Conference Board of Canada. During 2009, he completed his Chartered Directors designation from the Directors College. In 2009 he was honoured by the Directors College by being awarded the Gil Bennett Gold Standard Award. The award is presented annually to a graduate of The Directors College who demonstrates dedication to raising the bar for professional standards in corporate governance, both through their progress in the Chartered Director program and in their experience as directors.
Andy is currently the Chair of the International Credit Union Regulators Network (ICURN) and has chaired the Credit Union Prudential Supervisors Association (CUPSA) whose objectives are to share information between deposit protection agencies and to enhance harmonization of standards around the world and across Canada. He is a frequent speaker at provincial, national and international conferences on issues related to credit union regulation, depositor protection and corporate governance. He has participated in several overseas missions with CIDA to assist Eastern European, Asian, South American and Caribbean countries in establishing effective regulatory regimes for credit unions.
The President and Chief Executive Officer has overall accountability for the affairs of the Deposit Insurance Corporation of Ontario, including the development and implementation of policies and programs for for prudential regulation, risk management, corporate stewardship and stakeholder relations.