The Colleges of Applied Arts and Technology pension plan has suspended its board chair Don Smith. The pension organization, which oversees more than $23 billion in assets under management, is awaiting the results of a governance review following concerns raised over a $1.6 million vacation payout to chief executive officer Derek Dobson. In an emailed […]
The Financial Services Regulatory Authority of Ontario is appointing Wing-Yee Wong as its chief financial officer, effective Feb. 2, 2026. Wong brings more than 20 years of financial leadership experience in complex public sector environments, according to a press release. Most recently, she served as finance, procurement and logistics director at Elections Ontario, where she […]
The Healthcare of Ontario Pension Plan is appointing Reena Carter as chief financial officer effective Aug. 1, 2025. Most recently, she was senior managing director of portfolio management and operations at the Ontario Municipal Employees’ Retirement System. Previously, she held senior finance and audit roles at the OMERS, such as head of investment finance and […]
Half (49 per cent) of C-suite leaders at Fortune 500 companies are women (40 per cent) and people from historically under-represented ethnic and racial backgrounds (16 per cent), including nine in 10 (89 per cent) chief inclusion and diversity officers and a fifth (19 per cent) of chief operating officers, according to a new survey […]
The Toronto Transit Commission Pension Plan board is appointing Andy Greene as chief investment officer and James Clarkson as chief financial officer and treasurer. As CIO, Greene will be responsible for overseeing the defined benefit pension plan’s $7.8 billion investment portfolio. He joined the plan as its managing director of investments in 2017. In the role, he […]
The University Pension Plan is appointing Karen Rowe as its chief financial officer. In the new role, she’ll oversee the teams responsible for the UPP’s corporate finance, investment finance and operations functions. Rowe will also collaborate with the UPP’s leadership team and board to provide strategic leadership, advice and counsel on operational processes and business […]
Chief financial officers may be over-confident when it comes to investment forecasts, even when they’ve been proven wrong in the past, according to a new paper by researchers at Duke University and Ohio State University. “Senior financial executives’ beliefs of the mean of the distribution of S&P 500 returns are accurate, but they appear to […]