Mark Hughes Appointed Chair of the Global Risk Institute in Financial Services (GRI)
1 August 2019
Succeeds Tiff Macklem who steps down after serving four-year term
Toronto, August 1, 2019 – The Global Risk Institute in Financial Services (GRI) today announced the appointment of Mark Hughes as the new Chair of its Board of Directors. Mr. Hughes, who previously served as Vice-Chair and Director of the Board, succeeds Tiff Macklem who recently completed his term as Chair of GRI.
“It has been a privilege serving as Chair of the Board for the past four years and GRI is very fortunate to have someone of Mark’s calibre, insight and experience as the new Chair,” said Tiff Macklem, Dean, University of Toronto, Rotman School of Business.
The board thanks Tiff for his leadership through a crucial stage in GRI’s development.
"On behalf of the entire board and management team, I want to thank Tiff for everything he has done to provide management with valuable insight, recruit outstanding people to the board and enhance the performance and reputation of the Global Risk Institute," said Sonia Baxendale, President and CEO, Global Risk Institute.
Mr. Hughes has been on the GRI Board of Directors since May 2016 and was previously the Group Chief Risk Officer (CRO) at Royal Bank of Canada (RBC) and was a member of RBC’s Group Executive. Prior to serving as RBC’s CRO, Mr. Hughes was Executive Vice-President and Chief Operating Officer for RBC Capital Markets. Mr. Hughes is a Senior Advisor with McKinsey & Company and serves on the boards and advisory councils of a number of industry associations and not-for-profit organizations including ParticipACTION and the International Association of Credit Portfolio Managers (IACPM).
The Global Risk Institute is the leading forum for ideas, engagement and building capacity for the management of risks in the financial services sector. We are a non-profit, public and private partnership with 34 government and corporate members from asset management, banking, insurance and pension management. In addition, the institute’s National Pension Hub, which serves as a Canadian centre for pension knowledge and research, has 19 members including major pension plans, accounting firms, consultancies and public corporations. GRI’s goal is to develop fresh perspectives on emerging risks, to engage members, and to enhance risk-management skills. Our activities support academics, corporations, policy makers and regulators. We take a global view of the risks facing the financial services industry from our base in Toronto, Canada.
David Moorcroft, Public Affairs Advisor,
Global Risk Institute in Financial Services (GRI)