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Press Release

Richard Nesbitt to retire as CEO of The Global Risk Institute

The Global Risk Institute in Financial Services (GRI) today announced that Richard Nesbitt, its Chief Executive Officer, will be retiring as an officer and a director of the organization pending the appointment of a successor.


“The Board and I have been very pleased with the tremendous progress GRI has made under Richard’s leadership,” said Tiff Macklem, Chair of the GRI Board of Directors.

From the creation of new educational programs to the development of new initiatives like the National Pension Hub, Richard has led an important leap forward at GRI in supporting our Members’ work.  On behalf of the entire Board, I want to thank Richard for his work in building GRI as a risk management thought leader and a valued partner to Canada’s financial services industry.

In looking back at his nearly four years as CEO of GRI since taking over in 2015, Mr. Nesbitt said he is particularly proud of the excellent team he has recruited to the organization, and the quality and quantity of applied research they have produced.  From a base of producing two research papers in 2015, GRI is on track to release up to 50 papers in 2018.  From two seminars in 2015, we expect to complete over 30 seminars and presentations in 2018.

I’ve had the honour of leading a talented team that has made significant progress in advancing our mission to be the premier organization that defines thought leadership in risk management for the financial industry,

said Mr. Nesbitt. “I want to thank and congratulate each and every one of my team for their dedication, commitment and hard work.”

In addition to his role at GRI, Mr. Nesbitt is a Visiting Professor at the London School of Economics in England, an Adjunct Professor of the Rotman School of Management at the University of Toronto, and chair of the Advisory Board of the Mind Brain Behavior Hive at the same university. In June 2017, Mr. Nesbitt 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). Before joining GRI, Mr. Nesbitt had a distinguished career in business including as Chief Operating Officer of the Canadian Imperial Bank of Commerce, and Chief Executive Officer of TSX Group.

After his retirement from GRI, Mr. Nesbitt said he plans to do more writing and teaching, and get involved in more business initiatives, some of them outside of Canada.



About GRI: 

The Global Risk Institute is the leading forum for ideas, engagement and building capacity for the management of risks in financial services. We are a non-profit, public and private partnership with 32 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.

Media contact:

David Moorcroft, Public Affairs Advisor,
Global Risk Institute in Financial Services

Tel: +1-416-727-1858