The head of the new division spent more than a decade as a senior leader in the Ontario Public Service transforming government service delivery.

CanDeal, a provider of electronic Canadian fixed income marketplace solutions, data, and information services, has just launched a new division to focus exclusively on benchmark administration and related services.

Compliance veteran Louise Brinkmann has been named head of CanDeal Benchmark Solutions. She is responsible for ensuring that its benchmark services are implemented with robust governance and control frameworks, including adherence to CSA MI 25-102 and applicable IOSCO Principles for Financial Benchmarks.

Brinkmann has more than 25 years of compliance experience in government and the broader public sector. Prior to joining CanDeal Benchmark Solutions, she was chief audit executive at the Ontario Securities Commission, where she provided independent, objective assurance and advice on the adequacy and effectiveness of control frameworks, risk management and governance processes. Brinkmann has spent more than a decade as a senior leader in the Ontario Public Service transforming government service delivery with a focus on enhancing controls and reducing risk.

CanDeal is working with CARR (Canadian Alternative Reference Rate Working Group) to develop a one and three-month Term CORRA benchmark, to be launched in September 2023.

“To lead this business, we required an individual with the experience and precision to ensure our new benchmark services meet global regulatory standards through a strong understanding of all governance and control requirements,” Andre Craig, president of CanDeal Data and Analytics, said. “Louise was the obvious appointment for us given her fantastic track record and experience.”