CEO, Global Risk Institute
Richard is also a Visiting Professor at the London School of Economics, United Kingdom, an Adjunct Professor of the Rotman School of Management, University of Toronto, and chair of the Advisory Board of the Mind Brain Behavior Hive at the same University
At Rotman, Richard created and teaches a course entitled “How Banks Work: Management in a New Regulatory Age”. The course examines the regulations arising from the financial crisis of 2008 and then examines how banks manage successfully to adapt and prosper in their businesses within these new regulations. He is also an active public speaker at conferences and events across North America where he presents on the topics of risk management and securities market structure.
In June 2017, Richard published a book (with Barbara Annis) titled “Results at the Top” on the issue of men’s responsibility for gender diversity to improve their organizations (Wiley 2017).
Richard, who serves on a variety of corporate and community boards, was recognized in 2014 by the organization Women in Capital Markets with its Visionary Award. This honour was bestowed on Richard for work over his career to sponsor gender diverse management teams and boards in order to produce better companies. He also received the Queen Elizabeth II Diamond Jubilee Medal for community service and the Arbor Award from the University of Toronto for his work with the school.
Before joining the Global Risk Institute, Richard was Chief Operating Officer of Canadian Imperial Bank of Commerce until he retired from that position in September 2014. In this role, he was responsible for the global operations of Wholesale Banking, Technology and Operations; Strategy and Corporate Development; CIBC’s International Operations, including CIBC FirstCaribbean International Bank; and Treasury. He joined CIBC in 2008 following his more than 20 years of experience in the securities industry which included CIBC Wood Gundy from 1987 to 1997.
From 2004 to 2008 Richard was Chief Executive Officer of TSX Group, a public company listed on the Toronto Stock Exchange, having joined TSX as President of TSX Markets in 2001. He was responsible for the consolidation of the various local exchanges across Canada into what is today known as the TMX Group.
President, Global Risk Institute
Mark has over 25 years of experience in the financial services industry, with a breadth of experience in leading wholesale finance businesses. Mark was previously the Regional Head of Scotiabank’s European operations. Prior to Scotiabank, he worked in a senior capacity for the Bank of Canada and is a former member of the Monetary Policy Review Committee and the Financial System Review Committee.
Mark holds an Honours Bachelor of Arts in Business Administration from the Richard Ivey School of Business.
Executive in Residence
Anca’s expertise runs across a number of areas including: Pension and Liability Driven Investing, Investment Risk Management, ALM and asset allocation analysis, ERM, Alternative Investments, Performance analytics and Governance.
She is currently an Investment Advisor to the Asset-Liability Management Committee of the HOOPP Board of Trustees. She is also a member of the Investment Committee for the Children’s Aid Foundation.
Most recently Anca was the Chief Risk Officer at OPTrust, one of Canada's largest public sector defined benefits plans. Anca spent 15 years at OPTrust, and played a key role in the development and management of the investment portfolio. During her time there she was responsible for and built from ground up their investment risk, investment research, ERM and performance analytics overall functions. This included the development and build-up of resources, systems, processes, methodologies and required policies. Anca has chaired and provided leadership to a number of investment and risk committees , as well as regularly presented to the Board of Trustees on a wide range of investment and risk management matters.
Before joining OPTrust, she was a financial engineer at Algorithmics Inc. Anca is an alumni of the Harvard Business School, has a B.Sc. from the University of Toronto, a M.Math from the University of Waterloo and is a CFA charterholder
Executive in Residence
Managing Director, Research
Dr. LaPlante’s current research interests are machine learning, big data, and ESG risks. Prior to joining GRI, she was a Director of Enterprise Analytics at CIBC, where she led a range of data analytics projects in treasury, capital markets, and client insights.
Dr. LaPlante holds MASc and PhD degrees in operations research from the University of Toronto, where she studied operational efficiency and growth potential of bank branch networks, and a BASc in mechanical engineering from the University of Windsor. She also holds a Certificate in Quantitative Financial Risk Management from the University of Waterloo.
Executive in Residence
Mr. Stramaglia is the President and Founder of Matrisc Advisory Group Inc., a consulting firm that specializes in the provision of enterprise risk management advisory services to the financial services sector.
He currently serves on the boards of the Equitable Bank, the Economical Insurance Group, Foresters Financial and Munich Re Canada.
Mr. Stramaglia has over 30 years of financial services professional and leadership experience, including over 10 years with Sun Life Financial where he served as a member of the International Executive Team and led the development of one of the insurance industry’s leading ERM practices as Executive Vice-President and Chief Risk Officer for the company’s global operations. He joined Sun Life Financial in 2002 following its acquisition of Clarica, where Mr. Stramaglia held the position of Executive Vice-President and Chief Investment Officer and was also head of the International Reinsurance Business.
Prior to joining Clarica, Mr. Stramaglia worked for over 13 years with the Canadian operations of the worldwide Zurich Financial Services Group, where he held a number of senior executive positions including Chief Actuary, CFO, Chief Operating Officer and President and CEO of the Zurich Life Insurance Company of Canada. His recent consulting experience includes an extended mandate serving as the acting Chief Risk Officer for one of Canada’s largest credit unions.
Mr. Stramaglia is a Fellow of the Society of Actuaries, Fellow of the Canadian Institute of Actuaries and Chartered Enterprise Risk Analyst. He holds the ICD.D designation from the Institute of Corporate Directors and an Honours Bachelor of Mathematics Degree (Actuarial Science and Statistics) from the University of Waterloo.
He maintains a keen interest in advancing risk management best practices and, to this end, he is a frequent speaker and active participant in a wide range of industry and professional forums pertaining to enterprise risk management, capital and solvency.
Chief Financial Officer and Corporate Secretary
Karen’s role as Chief Financial Officer is a joint appointment between GRI and the Toronto Financial Services Alliance (TFSA), another public-private partnership based in downtown Toronto.
Karen is a Chartered Financial Analyst, a Chartered Professional Accountant, and a Certified Public Accountant. She holds a Bachelor of Commerce degree from Queen’s University
Executive in Residence
Prior to joining Schulich in the fall of 1997, Ms. Tullo worked at CIBC Finance Inc where she held a variety of positions. As CFO, she was responsible for a $6 billion portfolio of student and car loans. She was also responsible for HR and interim risk management. She led the securitization of their dealer plan portfolio, and implemented a system to curtail credit losses on the student loan portfolio. She had responsibility for all financial risks arising from the Corporation’s loan and equity investments, and Treasury activities as well as managing rating-agency issues. Before that Ms. Tullo was Director of HR, Finance and Business Process Redesign at Unitel Communications where she implemented a new HR system, and oversaw the team that redesigned the process for the telecommunication installation, and billing.
Before joining Unitel she was a management consultant at Nolan, Norton Canada/KPMG. At NNC she consulted on the link between business strategy and information technology architecture. Ms. Tullo has consulted for a wide range of public and private sector institutions in Canada, the U.S, and emerging markets with NNC and independently.
Before joining NNC, Ms. Tullo worked in Ethiopia with Food for the Hungry, a relief and development organization. In Ethiopia during the civil war, she was responsible for operations, financing, and logistics at FFH. At Transcanada Piplelines Ltd., TCPL, she provided systems design and data analysis. Lois is a Chartered Accountant/CPA, she articled with Clarkson Gordon Toronto (E&Y) and PWC in Calgary, she has an EMBA from The Ivy School of Business, and a B.Comm from the University of Saskatchewan.
Ms. Tullo is currently the Chair of Urban Promise, Jlt & Associates, BOD for The Richview Residence Foundation, and former BOD for Jameson Bank, The Boulevard Club, and the Girl Guides of Canada. She has been chair of both the finance and HR committees.
Ms. Tullo was born in Saskatchewan. She is married and has two daughters and one son. She is an avid hockey and tennis player, and a novice Mandarin speaker.