BUSINESS

Canadian Banking Expert Dies In Nigerian Plane Crash

06/06/2012 06:13 EDT | Updated 08/06/2012 05:12 EDT
AP

A Canadian killed in Sunday's plane disaster in Nigeria was an expert on banking issues in the developing world who had been working as an adviser to the governor of Nigeria's central bank.

Kim Norris, 60, died along with 152 others on board when a Dana Air MD-83 plowed into a residential neighbourhood in the country's densely populated capital of Lagos.

The Central Bank of Nigeria said Norris was one of eight of its staffers who died in the crash. The bank said he was on his way to a training program.

In Canada, Norris had worked at the Office of the Superintendant of Financial Institutions for 24 years until his retirement in 2008, said Brock Kruger, a spokesman at OSFI.

He rose steadily through the ranks and ended his OSFI career as managing director of the office's international advisory group. "He did a lot of travelling," in that capacity, Kruger said. "He spent most of his time on a plane."

"He helped emerging economies improve their regulation and supervision of banks and insurance companies," Kruger told CBCNews.ca. "Mr. Norris had a sterling reputation and he will be deeply missed by his colleagues and friends at OSFI."

On IMF contract

Following his retirement from OSFI, Norris worked in Nigeria under contract to the International Monetary Fund, where he specialized in areas of bank supervision, corporate governance and risk management.

An emailed message fom IMF managing director Christine Lagarde said Norris had been assigned as a "long-term expert" to work in Nigeria.

"His most recent assignment was as a special assistant to the governor of the Central Bank of Nigeria, who has expressed how highly he and his colleagues regarded Kim," she wrote.

Norris is survived by his wife and two children.

Sunday's crash, which took place in sunny, clear weather, remains under investigation. Authorities have found the plane's flight voice and data recorders and plan to send them to the U.S. for analysis on Thursday.

In addition to the 153 known to have died aboard the plane, an unknown number were killed on the ground.

On Tuesday, the Nigerian government indefinitely suspended Dana Air's licence to fly as a safety precaution.

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