Canada Deposit Insurance Corporation (CDIC) | Société d'assurance-dépôts du Canada (SADC) Employee Directory
Financial ServicesOntario, Canada201-500 Employees
CDIC provides deposit insurance to protect Canadian depositors against bank failure. Created by the Government of Canada, the coverage is free and automatic for deposits held at member institutions. The organization is based in Ottawa, Ontario, and employs a few hundred people, reflecting its role in the financial services sector. As a participant in the financial services sector, CDIC's mandate is to safeguard deposits and maintain confidence in Canada's banking system by providing insurance for deposits held at member institutions. Its bilingual designation (CDIC / SADC) reflects Canada's official languages. In 2025, the organization announced leadership changes, with Gina Byrne named acting President and Chief Executive Officer effective October 1, and Martin Glynn appointed as Chair of the Board for a five-year term.
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