Chair, Global Risk Institute and Dean, University of Toronto, Rotman School of Management
Dr. Tiff Macklem is the Dean of the University of Toronto’s Rotman School of Management and began his five-year term in that position on July 1, 2014. Tiff Macklem served as Senior Deputy Governor of the Bank of Canada, sharing responsibility with the Governor and four Deputy Governors for monetary policy and the Bank’s role in promoting financial stability. In that role, he was also the Bank of Canada’s Chief Operating Officer and a member of its board of directors, overseeing strategic planning and coordinating the Bank’s operations. Macklem has also played a leading role in efforts to ensure stable financial systems worldwide through the G20 and the Financial Stability Board.
Prior to his appointment at the Bank, Macklem served as Associate Deputy Minister of the Federal Department of Finance and Canada’s Finance Deputy at the G7 and G20. He also served as chair of the Standing Committee on Standards Implementation of the Financial Stability Board. In that role, he worked to establish an international system of peer review to promote and assess the implementation of new financial standards across the 24 most financially important countries in the world. Macklem occupied increasingly senior positions in the Bank of Canada’s Research Department (now Canadian Economic Analysis) until his appointment as Chief in January 2000. He was appointed Adviser to the Governor in August 2003. In 2003-2004, Macklem was seconded to the Department of Finance, returning to the Bank as a Deputy Governor in December 2004. He rejoined Finance as Associate Deputy Minister in 2007.
Macklem is a well-known expert in monetary and financial systems and has contributed articles to such publications as The Economic Journal, Journal of International Money and Finance, Canadian Public Policy, and the Canadian Journal of Economics, while providing chapters and commentaries on monetary, fiscal, and financial policies in over a dozen books and conference proceedings.
Vice-Chair, Global Risk Institute and Corporate Director
Mark Hughes is Corporate Director, and also a former executive at RBC. As Group Chief Risk Officer, Mr. Hughes oversaw the strategic management of risk on an enterprise-wide basis. He was a member of Group Executive, which sets the overall strategic direction of RBC, and was also a member of the RBC Group Operating Committee. He joined RBC in 1981 and was appointed Chief Risk Officer in 2014.
Since 1981, Mr. Hughes held progressively senior roles at the bank primarily in Corporate Banking and Global Credit and held a number of positions in RBC’s international offices including New York and London. Appointed as an executive officer of RBC in 1995, Mr. Hughes had responsibility for the bank’s public sector activities in Canada and was a member of the leadership team involved in the integration of the bank’s global corporate banking business into RBC Capital Markets.
Prior to being CRO, he was Executive Vice-President and Chief Operating Officer for RBC Capital Markets. Mr. Hughes serves on the boards of a number of industry associations and not-for-profit organizations including Global Risk Institute (GRI), International Financial Risk Institute (IFRI), and ParticipACTION. He also serves as a director of a number of RBC subsidiaries. Mr. Hughes received his MBA (Finance) from Manchester Business School and his LL.B from Leeds University in England. Mr. Hughes and his wife Anne have two children.
President and CEO, Global Risk Institute
Sonia Baxendale was appointed President and CEO of GRI in January 2019. She also serves as a Director on the Board of Laurentian Bank, Foresters FinancialTM, RSE Group PLC, Hospital for SickKids Foundation and Toronto Artscape Inc.
Sonia Baxendale was previously the President of CIBC Retail Markets. She led the Retail and Wealth Management businesses from 2005 to 2011.
From 1992 to 2011, Sonia played a key role in developing strategy and direction for CIBC and held various leadership roles including Senior Executive Vice-President, CIBC Wealth Management, Executive Vice-President, Asset Management, Card Products and Collections, and Executive Vice-President of Global Private Banking and Investment Management Services. Prior to CIBC, Sonia held various positions with American Express Canada and Saatchi & Saatchi.
Sonia was named one of the “Top 100 Most Powerful Women in Canada” for three years in a row and then joined the ranks of the Top 100 Hall of Fame in 2010. In 2000, she was recognized as one of Canada’s Top 40 Under 40. She is a graduate of the University of Toronto, where she was named University of Toronto, Victoria College Alumni of Distinction in 2017.
From July 2017 to January 2018, Sonia served as Co-Interim President and CEO of Foresters FinancialTM
Alister Campbell is former CEO of The Guarantee Company of North America. As CEO, he was accountable for driving The Guarantee’s continued profitable growth, and overall strategy and operations in Canada and the United States. Over the past 28 years he has held senior executive positions in a range of capacities within the life and property-casualty insurance industries including general management, marketing, brokerage distribution strategy, financial services and e-commerce.
Prior to his appointment at The Guarantee, he was CEO of the Canadian branch of a major global insurance company. Alister Campbell has previously served as Chair of the Board of Directors of the Property & Casualty Insurance Compensation Corporation (PACICC) and as Deputy Chair of the Board of the Insurance Bureau of Canada (IBC).
Currently, he is a member of the Board of Directors of the Global Risk Institute in Financial Services and the International Surety Association. He holds degrees from the University of Toronto, the London School of Economics and the Wharton Graduate School of Business.
Executive Vice President, Risk Management, Desjardins Group
Francine Champoux is Executive Vice President, Risk Management at Desjardins Group. She was appointed Chief Risk Officer of Desjardins in 2013. As part of her mandate, she is responsible for enterprise-wide risk management including credit, market, and operational risks. She is also responsible for implementing the Basel Accords, operationalizing risk management activities and supporting the caisses and business sectors in this regard. Francine, who joined Desjardins Group in 1997, has held successive leadership positions in corporate banking, capital markets, and credit risk management.
Prior to joining Desjardins Group, she worked in a variety of business activities and management roles within the banking industry. She holds an MBA in Finance.
Director, Canadian Public Accountability Board, Canada’s audit firm regulator, and the Dubai Financial Services Board
Julie Dickson is currently a director of the Canadian Public Accountability Board, Canada’s audit firm regulator, and the Dubai Financial Services Board. From 2014 until 2017 she was a member of the European Central Bank’s Single Supervisory Mechanism, which supervises Europe’s largest banks. Between 2007-2014, Julie was Superintendent of Financial Institutions, having joined OSFI in 2000. Prior to that Julie held various positions at Finance Canada over 15 years, focusing on financial institution policy.
Julie has represented Canada on the Basel Committee for Banking Supervision and the Financial Stability Board (FSB), and also chaired the FSB’s Supervisory Intensity and Effectiveness Committee. She has also been on the Boards of the Canada Deposit Insurance Corporation and the Toronto Leadership Centre. Julie is a recipient and member of the Order of Canada, having been recognized for her work related to financial supervision and regulation in Canada and globally.
Senior Strategic Advisor, McMillan LLP
Dwight Duncan serves as a Senior Strategic Advisor at McMillan LLP, one of Canada’s largest and most respected full service law firms. At McMillan, Mr. Duncan is, or has been engaged, by some of Canada’s largest and most influential pension funds, private equity firms, insurers and gaming companies. Mr. Duncan currently serves on the Board of Travelers Insurance Canada, The Dominion General Insurance Company, Crown Crest Trust, The Global Risk Institute, the MS Society of Canada Scientific Research Foundation, the Management Advisory Board of the Odette School of Business at the University of Windsor, and is Chair of the Board of the Windsor Detroit Bridge Authority.
Prior to joining McMillan, Mr. Duncan had a distinguished career in public service that spanned close to 25 years. During his time as a Member of the Ontario Legislature he served as Deputy Premier, Minister of Finance, Chair of the Management Board of Cabinet, Chair of Cabinet, Government House Leader, Minister of Energy, Minister of Revenue, Minister of Government Services and Opposition House Leader. Mr. Duncan delivered six budgets and authored historic reforms to Ontario's tax, pension, insurance, and energy regimes. He played a leadership role in formulating the Province's response to the economic recession of 2008.
Janet L. Ecker
Janet L. Ecker is the former President and CEO of the Toronto Financial Services Alliance (TFSA), a concept she turned into a growing and influential public-private partnership dedicated to building Toronto as an international financial services centre. With government and industry support, she also established the Global Risk Institute in Financial Services to leverage the sector’s global reputation for stability, as well as the Centre of Excellence in Financial Services Education to capitalize on the region’s talent advantages.
Ms. Ecker was formerly the Minister of Finance for Ontario and was the first woman to deliver a budget in the province. During her political career, she delivered significant public policy reforms as Minister of Education, Minister of Community and Social Services and Government House Leader. Before entering public life, Ms. Ecker was the Director of Policy for the College of Physicians and Surgeons of Ontario, the doctors’ regulatory body, the first non-physician to hold the position. She currently sits on a wide range of public and private sector boards, agencies and government advisory committees.
In 2016 she received the Order of Canada for public service, in recognition of her public service contributions in the financial sector and in her political life. A frequent public speaker and media commentator, she received the “Excellence in Leadership” award from the Transformation Institute for Leadership and Innovation in 2014, a Queen Elizabeth II Diamond Jubilee Medal for public service in 2012 and was recognized as one of the “Most Influential People in the World’s Financial Centres” by Financial Centres International in 2010. She also received one of “Canada’s Most Powerful Women: Top 100 Award” from the Women’s Executive Network and the Richard Ivey School of Business in 2003. Ms. Ecker is one of the founders of Equal Voice, a national, multi-partisan organization working to elect more women.
Executive Vice President and Chief Risk Officer, Manulife Financial
Rahim Hirji holds the position of Executive Vice President and Chief Risk Officer and is responsible for the Manulife’s Enterprise Risk Management framework. This includes all aspects of risk management oversight functions worldwide such as credit, market, and insurance and operational risks. Prior to his appointment in 2011 as Chief Risk Officer, Mr. Hirji was the Chief Financial Officer for the Canadian Division, a role he held since 2007.
Mr. Hirji previously headed Manulife’s Global Asset Liability Management Operations and has also held various financial and actuarial positions in the Corporate, U.S. and Canadian Divisions. Mr. Hirji holds a Bachelor of Mathematics from the University of Waterloo, is a Fellow of the Canadian Institute of Actuaries, the Society of Actuaries, and a Member of the American Academy of Actuaries.
Chief Operating Officer, TD Securities Executive Vice President, TD Bank Group
Paul Langill is the Chief Operating Officer of TD Securities responsible for its global governance, operations and technology services. He supports the CEO in global strategy and plays a key role on TD Securities’ senior leadership team. Paul chairs TD Securities’ Oversight Committee and Change Management Governance Committee. He is also a member of TD’s Asset/Liability and Capital Committee. Previously, Paul was SVP, Trading Risk – Risk Management, TD Bank Group responsible for setting Market Risk policies, pro-actively identifying, measuring and monitoring market risks within TDBG, measuring and managing liquidity risk within the Wholesale Bank, and providing analytical modeling expertise to all of TDBG’s businesses.
Before his role in Risk Management, Paul was SVP and CFO, TD Securities. He was also a Vice President in the Bank’s Treasury and Balance Sheet Management Group. Prior to joining TD Bank Group, Paul was a partner in Ernst & Young’s Capital Markets Practice. In 2007, Paul was honoured as one of Canada’s Top 40 Under 40. He also completed The Wharton/RMA Advanced Risk Management Program in 2008. Paul serves on University of Waterloo’s School of Accounting and Finance Advisory Council which has helped guide the finance program’s development. Paul holds a Bachelor of Arts and Masters of Accounting degree from the University of Waterloo. He is a Chartered Accountant.
President & Chief Executive Officer, AIG Insurance Company of Canada
As President and Chief Executive Officer, Lynn Oldfield leads AIG Insurance Company of Canada in executing the company’s vision to be its customers’ most valued insurer. Lynn joined AIG in 1991as an underwriting manager and since that time she has held a variety of management positions encompassing underwriting, client and broker relationship management as well as sales and marketing before assuming the role of President in 2008. Lynn holds a Master of Business Administration from McMaster University and an Honours Bachelor of Business Administration degree from the Lazaridis School of Business and Economics at Wilfrid Laurier University. She has earned both her Fellow Chartered Insurance Professional (FCIP) and Canadian Risk Management (CRM) designations. Lynn is the inaugural recipient of Wilfrid Laurier University’s J. Alex Murray Alumni Award, the highest honour given by the Lazaridis School of Business & Economics in recognition of her leadership, initiative, and significant contribution to the business world, the community, and her alma mater.
In 2017, Lynn was awarded the Fellow of Distinction from the Insurance Institute of Canada. In 2015, Lynn was named one of twenty-five Women to Watch by Business Insurance magazine and one of thirty-five Women of Influence by Insurance Business Canada magazine. In 2014, she was the recipient of the Established Leader Award from the Chartered Insurance Professional Society.
Lynn holds board positions with AIG Insurance Company of Canada, the Laurier Campaign Cabinet to Build Canada’s Best Business School, the Insurance Institute of Canada (Chair in 2017/2018), and the Property and Casualty Insurance Compensation Corporation. Lynn also serves as a committee member of the Wilfrid Laurier University Audit and Compliance committee of the Board, and the Governance and Human Resources Committee of Property and Casualty Insurance Compensation Corporation Board. She is past chair of the Academic Council of the Insurance Institute of Canada.
Nicola Wickes is a Corporate Director and the former Senior Vice-President and Chief Risk Officer, Europe and Asia at the Canadian Imperial Bank of Commerce. In this role, she was accountable for sound risk management practices in the Europe and Asia regions covering management of Corporate Credit Risk and oversight of all other types of risk including Special Loans, Trading Credit Risk, Market Risk, Liquidity Risk, Operational Risk, Reputation Risk and Regulatory Risk. Prior to this role, Ms. Wickes was the Vice-President, Wholesale Credit and Investment Risk Management for the European Region. Ms. Wickes joined CIBC in 1998 as Executive Director, Credit Risk Management.
Prior to joining CIBC, Ms. Wickes was with UBS in London. Ms. Wickes is the Chair of the CIBC Europe Diversity Committee and serves on the CIBC World Markets Plc Board of Directors. In addition, Ms. Wickes is a member of the Global Risk Committee, the Credit Committee and the Cybercrime Steering Committee for the Bank. Ms. Wickes holds a Bachelor of Arts degree in Business Studies from Oxford Brookes University.
Don M. Wilson III
Chair of the Risk Review Committee, Bank of Montreal
Chief Risk and Strategy Officer, Ontario Teachers' Pension Plan
Barbara Zvan and her team provide liability and risk expertise focused on long‐term Total Fund investment strategy, risk management and the governance framework. Ms. Zvan and her team are also charged with ensuring the Plan is sustainable, and that the funding risk is aligned to the Board's Risk Appetite Statement. Ms. Zvan joined Ontario Teachers' in 1995 as an assistant portfolio manager and has risen to positions of increasing authority. As Chief Risk & Strategy Officer, she leads the Strategy & Risk team in supporting the Plan Sponsors in plan design decisions and the Board in determining the appropriate benchmarks and risk appetite. Ms. Zvan and her team provide input and risk insights to the Investing teams and create an effective risk management framework to underpin it.
In addition, Ms. Zvan drives the responsible investing and climate change risk management and strategy for the Fund and directs the Enterprise and Operational Risk Management approach for the organization. Ms. Zvan is a Fellow of the Society of Actuaries and the Canadian Institute of Actuaries, and holds an M.Math from the University of Waterloo. Ms. Zvan serves as Chair of the International Centre of Pension Management (ICPM). She also serves on the boards of Cadillac Fairview, Global Risk Institute and the Canadian Coalition for Good Governance. She was honoured as one of Canada's 2008 Top 40 Under 40.