Canadian Treasurer

April 27, 2015

The Global Risk Institute in Financial Services (GRI) announces Richard Nesbitt as new President and CEO

Toronto and London--The Global Risk Institute in Financial Services (GRI) today announced the appointment of Mr.   Richard Nesbitt  as its new President and CEO, effective May 1, 2015.

This appointment follows Dr. Michel Maila's decision to retire as President and CEO of GRI after three years' service in the role.

"Michel Maila has led GRI from a start-up to a successful organization, and we are most grateful to him for his excellent contribution over the past three years. We look forward to a continuing association with Michel which will enable us to tap in to his vast risk management expertise," said   Paul Cantor, Chair of GRI.

Speaking about Mr. Nesbitt's appointment, Mr. Cantor added, "I am delighted that an individual of Richard's caliber has agreed to become our new President and CEO. Richard has experience working at the highest level in financial services, as well as teaching and research. Together with his wider commitment to public service, I am sure he will be an outstanding President and Chief Executive Officer as we seek to continue to grow GRI and build upon our recent successes."

Mr.   Richard Nesbitt  said, "GRI has grown significantly since its inception four years ago. From our strong Canadian base we have the opportunity to build upon GRI's accomplishments and to further our reach 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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