MAY 6, 2015
Announcement follows Paul Cantor’s decision to step down as the Chair of the Board after more than three years of service
TORONTO/LONDON 6 MAY 2015. The Global Risk Institute in Financial Services (GRI) recently confirmed Tiff Macklem as its new Chair following board approval. Dr. Macklem’s appointment took effect on May 1.
This appointment follows Mr. Paul Cantor’s decision to retire as GRI’s Chair after more than three years’ service in the role.
“Paul Cantor guided GRI through a period of rapid growth,” said Carol Hansell, Chair of GRI’s Nominating and Governance committee. “His understanding of the issues facing GRI’s members and his wise counsel have been instrumental in helping GRI to grow and deepen its impact across the financial services industry.”
Commenting on Dr. Macklem’s appointment, Carol Hansell added, “I speak for my Board colleagues in expressing our delight that Tiff Macklem has joined us as Chair. He brings incomparable expertise from his current role as Dean of the Rotman School of Management and his previous work as G7 Finance Deputy for Canada and then Senior Deputy Governor at the Bank of Canada, where he was a key part of the team that successfully steered Canada through the worst financial crisis in eighty years.”
Dr. Tiff Macklem said, “Risk is inherent to all financial systems around the world. GRI’s mission is to help organizations enhance their risk capacity and expertise. Having successfully engaged with the Canadian financial services community and beyond, we now intend to further expand GRI’s international reach, working with partners in government and financial services globally.”
The Global Risk Institute in Financial Services (GRI) is a leading provider of applied, integrative research and education programs. GRI was founded as a not-for-profit institute by the Government of Canada, the Province of Ontario, TD Group and Manulife in 2011, and currently has 27 member institutions from the financial services sector across Canada. GRI enables financial institutions, policy-makers and regulators to better manage the balance between risk and opportunity by delivering applied research and education programs that build risk capacity and stimulate evidence-based debate for its members and the wider global financial community.
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