Justice and Consumer Affairs

New chair of New Brunswick Securities Commission appointed (09/06/30)

NB 936

June 30, 2009

FREDERICTON (CNB) - David G. Barry, QC, of Saint John, will become the new chair of the New Brunswick Securities Commission (NBSC). His five-year term begins Wednesday, July 1. Justice and Consumer Affairs Minister Michael Murphy made the announcement today.

"David Barry's excellent leadership qualities and years of experience as a nationally recognized practitioner of business law will serve him well in his new role as chair of the commission," Murphy said.

Barry is a law graduate of University of New Brunswick. He has practised law in Saint John for more than 30 years. In 1981, he helped form the law firm of Barry Spalding, where he was counsel and specialized in corporate finance and securities, venture capital financing, commercial law and tax planning.

Barry is a member of the Canadian Bar Association and the Law Society of New Brunswick. He is a member and past governor of the Canadian Tax Foundation. In 1991, he was awarded a Queens counsel designation.

Barry has worked extensively for various community organizations, including the Saint John YM-YWCA, the United Way and the St. Joseph's Hospital Foundation.

"I thank outgoing chair Donne Smith for his years of exceptional service as chair of the NBSC since its inception in 2004," said Murphy.

Murphy also announced the reappointment of Celine Trifts of Bass River to the NBSC for a five-year term. Trifts earned an MBA from the Université de Moncton.

The NBSC is the Crown corporation that regulates the securities industry and ensures the efficiency and integrity of capital markets in New Brunswick. Its mandate is to protect investors from unfair, improper or fraudulent practices and to foster fair and efficient capital markets.

The NBSC develops and enforces securities regulation and offers impartial educational information and resources to New Brunswick residents about investing. For more information, visit http://www.nbsc-cvmnb.ca.

09/06/30

MEDIA CONTACTS: Elaine Bell, communications, Department of Justice and Consumer Affairs, 506-453-6543; Wendy Connors-Beckett, senior communications specialist, New Brunswick Securities Commission, 506- 643-7745 or 1-866-933-2222.

09/06/30