Richard Nesbitt was appointed to the Board by the Government of Ontario in September 2019 and serves as chair of the Board and Governance and Administration Committee. He previously served as vice-chair of the Board and chair of the Investment Committee. Richard is an adjunct professor at the University of Toronto’s Rotman School of Management, where for many years he has taught the MBA course, How Banks Work: Management in a New Technological Age. He has been chair of the Rotman LEADS mentoring program since 2020.
Richard is a senior visiting fellow at the London School of Economics (LSE). He is chair of The Inclusion Initiative, a research institute at LSE established in 2020. In August 2020, Richard published The Technological Revolution in Financial Services, co-authored with Michael King. In June 2017, he published Results at the Top, co-authored with Barbara Annis, on men’s responsibility for gender diversity to improve their organizations.
Richard also serves on several corporate boards, and he works closely with a number of companies building innovative businesses. He was CEO of CIBC World Markets and chief operating officer of CIBC from 2008 to 2014. From 2004 to 2008, Richard was CEO of the Toronto Stock Exchange, having joined TSX as president of TSX Markets in 2001.
Richard graduated from LSE with an M.Sc. in accounting and finance, from the Rotman School of Management with an MBA in 1985, and from Ivey Business School with an HBA in 1978. In 2012, Richard completed the LSE-Peking University Summer School program on China’s Economic Development, Beijing. In 2022, he completed the three-module Board Oversight of Climate Change course from the Institute of Corporate Directors. In 2024, he completed the four-module Indigenous Learning Series certificate course from the Office of Indigenous Initiatives at the University of Toronto.
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