Industry moves this week

Each week, Advisor.ca summarizes notable moves across the financial industry.

• Brian Porter, who was president and CEO with Scotiabank for a decade before leaving early this year, is chair of the board for the new Ontario Infrastructure Bank. The bank’s creation was announced in Ontario’s fall economic statement, which stated the institution would be an arm’s-length agency that helps pension plans and other institutional investors fund what the province has called an infrastructure deficit. The initial $3 billion in public funding will go toward projects such as long-term care homes, energy infrastructure, affordable housing, municipal and community infrastructure, and transportation. Porter worked with Scotiabank for more than 40 years.
• George Ho is now chief technology and digital officer with Toronto-based Aviso Wealth. Ho has held technology-related leadership roles in the industry for more than 20 years, most recently working with Toronto-based RioCan Real Estate Investment Trust as vice-president, information technology. Aviso noted in a LinkedIn post that Ho has experience with large-scale digital transformations.
• Julia Chung is taking over from Jason Pereira as president of the Financial Planning Association of Canada. December will be Pereira’s final month in the role, which he’s held since the organization was founded in 2019, but he’ll continue to work with the association. Chung, co-founder and CEO of advice-only practice Spring Planning in Vancouver, has worked in the industry for more than 20 years.
• Pierre Cherki will be executive managing director, real estate, with the Ontario Teachers’ Pension Plan effective Jan. 22. In this newly created role, he’ll oversee the pension plan’s in-house real estate asset group that will be formed as of Jan. 1. The pension plan announced earlier this year that it was bringing Cadillac Fairview and its team of 37 investment professionals into the organization. The fund’s real estate portfolio was valued at $29.3 billion as of June 30. Cherki brings more than 25 years of real estate experience to his new role, most of it with global alternative investment manager DWS Group.
• TD Bank Group expanded its global financial institutions investment banking services and team. The revamped team will be co-led by managing directors Geoff Bertram in Toronto and Jim Spencer in New York. Bertram has more than 23 years of experience in North American capital markets, a release said, and he’s been with TD Securities for nearly 18 years.
• Daniel Bach and Ian Tam have joined the Ontario Securities Commission’s independent Investor Advisory Panel, both appointed for two-year terms that began Dec. 1. Bach is a partner at Siskinds LLP, while Tam is currently director, investment research, with Morningstar Canada.
• Emmanuel Faber will serve a second three-year term as chair of the International Sustainability Standards Board (ISSB). His first term doesn’t end for another year, but the planned consistency signals stability and continuity for both the ISSB and markets, a release said.
• Brad Caco has been named managing director and head of Canadian development with global real estate investment, lending and management firm BGO. This marks a promotion for Caco who was previously the leader of development for Eastern Canada with the company. He’ll now manage its $8-billion development pipeline across all domestic asset classes.

If you know of other people moves in the financial industry and/or would like us to consider your announcement, email Katie Keir at katie@newcom.ca.

Katie Keir

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Katie is special projects editor for Advisor.ca and has worked with the team since 2010. In 2012, she was named Best New Journalist by the Canadian Business Media Awards. Reach her at katie@newcom.ca.