Financial Services Regulatory Authority of Ontario

Also filed as Financial Services Regulatory Authority (2018–2019).

Ontario Sunshine List 2025 · 444 employees earning $100K+

Crown Agencies

At a Glance
2025

Employee Count

444

2025 Sunshine List

Total Compensation

$67.9M

Salaries + taxable benefits

Average Salary

$152,583

2025 Sunshine List

Median Salary

$139,825

Half earn more, half less

Who makes the most at Financial Services Regulatory Authority of Ontario in 2025?

Glen Padassery, Executive Vice President, Policy and Executive Vice President, Auto Insurance Products / Vice-président directeur, politiques, assurance-automobile et produits d’assurance, was paid $412,523 in 2025 — the highest total compensation among 444 Financial Services Regulatory Authority of Ontario employees on the Sunshine List; the median salary there was $139,825.

How has Financial Services Regulatory Authority of Ontario's Sunshine List changed?

Financial Services Regulatory Authority of Ontario listed 9 people in 2018 and 444 in 2025 — 49× as many; payroll on the list went from $1.5M to $67.9M, and the median salary moved from $124,556 to $139,825.

How many Financial Services Regulatory Authority of Ontario employees earn over $150,000? →

Salary Trend

Median salary by yearLine chart of 8 yearly values of median salary, from $124,556 in 2018 to $139,825 in 2025.$100K$110K$120K$130K$140K201820192021202220242025
Median salary, 2018–2025. Axis starts at $100,000, the Sunshine List disclosure threshold. That threshold has never been indexed to inflation, so this line can fall over time simply because more people newly cross it — not necessarily because pay fell.

Top Employees
2025

#1Glen Padassery
$412,523
Executive Vice President, Policy and Executive Vice President, Auto Insurance Products / Vice-président directeur, politiques, assurance-automobile et produits d’assurance
#2Jordan Solway
$393,846
Executive Vice President, Legal and Enforcement / Vice-président directeur, services juridiques et application de la loi
#3Andrew Fung
$390,921
Executive Vice President, Pensions / Vice-présidente directrice, régimes de retraite
#4Elissa Sinha
$381,522
Director, Litigation and Enforcement and Deputy General Counsel / Directrice, contentieux et application de la loi et avocate générale adjointe
#5Mehrdad Rastan
$362,586
Executive Vice President, Credit Union and Insurance Prudential / Vice-président directeur, surveillance prudentielle des caisses et du secteur de l’assurance
#6Jason Harris
$356,216
Director, Legal for Policy and Rule Making and Deputy General Counsel / Directeur, services juridiques pour politiques et établissement des règles et avocat général adjoint
#7Dexter John
$341,794
Chief Executive Officer/Directeur général
#8Reesha Hosein
$333,517
Director, Legal Services and Deputy General Counsel / Directrice, services juridiques et avocate générale adjointe
#9Danelle Brown
$319,153
Corporate Secretary and Deputy General Counsel / Secrétaire générale et avocate générale adjointe
#10Antoinette Leung
$316,892
Executive Vice President, Market Conduct / Vice-président directeur, surveillance des pratiques de l'industrie
#11Wong Lester
$304,020
Chief Actuary, Pensions / Actuaire en chef, régimes de retraite
#12Michelle Dodokin
$287,281
Head, Auto Insurance Supervision / Responsable, surveillance de l’assurance-automobile
#13Stephane Raby
$283,022
Senior Legal Counsel / Avocat principal
#14James Hoffner
$271,427
Chief Prudential Supervision Officer, Large Sector Pension Plans / Directeur général de la surveillance prudentielle, grands régimes de retraite du secteur public
#15Cong Wang
$267,362
Chief Actuary, Auto Insurance Operational Risk Supervision / Actuaire en chef, surveillance des risques opérationnels relatifs à l’assurance-automobile
#16Rhonda Mauricette Pollard
$266,102
Chief Human Resources Officer / Directrice générale des ressources humaines
#17Erica Hiemstra
$265,853
Head, Insurance Conduct / Responsable, surveillance des pratiques du secteur des assurances
#18David Maxwell
$264,243
Head, Regulation and Strategic Initiatives / Responsable de la réglementation et des initiatives stratégiques
#19Chris Zolis
$263,444
Head, Forensic Analysis and Investigations / Responsable, analyses judiciaires et enquêtes
#20David Bartucci
$261,931
Head, Pension Plan Operations and Regulatory Effectiveness / Responsable, opérations relatives aux régimes de retraite et efficacité réglementaire
#21Daniel Padro
$258,111
Head, Policy Core Regulatory / Responsable, politiques – principales activités de réglementation
#22Joel Gorlick
$257,728
Director, Strategic Policy and Project Management / Directeur, politiques stratégiques et gestion de projets
#23Dan Oprescu
$256,018
Head, Regulation and Strategic Initiatives / Responsable de la réglementation et des initiatives stratégiques
#24Keir Wilmut
$255,434
Senior Legal Counsel / Avocat principal
#25Sylvie Charest
$253,465
Head, Pension Strategic Initiatives / Responsable des initiatives stratégiques en matière de régimes de retraite

See all 444 employees in 2025 →

Download CSV (2025) →Released by the Government of Ontario under the Public Sector Salary Disclosure Act, 1996. Compiled by SunshineList.

Biggest Year-over-Year Increases
2024 → 2025

Christina Caldarelli at Financial Services Regulatory Authority of Ontario had the largest increase in disclosed pay on the 2025 Sunshine List: $133,126 to $236,585, up 77.7%.

Christina Caldarelli+77.7%
Senior Legal Counsel / Avocat principal
$133,126 → $236,585
Elissa Sinha+30.0%
Director, Litigation and Enforcement and Deputy General Counsel / Directrice, contentieux et application de la loi et avocate générale adjointe
$292,728 → $380,447
Jason Harris+30.7%
Director, Legal for Policy and Rule Making and Deputy General Counsel / Directeur, services juridiques pour politiques et établissement des règles et avocat général adjoint
$271,834 → $355,211
Miki Amakawa-Ly+48.8%
Director, Market Conduct Property and Casualty Insurance / Directrice, surveillance des pratiques – assurance incendie, accidents, risques divers
$132,271 → $196,793
Steve Kokaliaris+33.5%
Head, Integrated Insurance Supervision / Chef, supervision intégrée de l’assurance
$184,876 → $246,811

A year-over-year increase or decrease in disclosed pay can include overtime, a retroactive payment, a vacation payout or severance, not only a change in base pay, rate, or role — the Sunshine List discloses total salary paid that year, not a pay rate. This list is ranked by the dollar increase, not by the percentage shown.

184 people were new to Financial Services Regulatory Authority of Ontario's list in 2025; 59 who were on it in 2024 were not. See the full 2025 roster →

See all pay increases at Financial Services Regulatory Authority of Ontario →

By Year
full lists

Top Positions
2025 · 5 or more people