Global Risk Institute
Richard Nesbitt is CEO of Global Risk Institute in Financial Services, which is building a globally recognized research organization in the management of emerging risks. He is a Visiting Professor at the London School of Economics, United Kingdom. He is also an Adjunct Professor of the Rotman School of Management, University of Toronto and chair of the Advisory Board of the Mind Brain Behavior Hive at the same University. He serves on a number of community and corporate boards of directors. In June 2017 he published a new 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)
Richard is well known in the financial services industry. He created and teaches a course at the Rotman School of Management, entitled “How Banks Work: Management in a New Regulatory Age.” The course examines the regulations arising from the financial crisis of 2008 and then examines how banks manage successfully to adapt and prosper in their businesses within these new regulations. He also frequently provides lectures and conducts public presentations on the topics of risk management and securities market structure. In 2014, Richard was awarded the Visionary Award by the organization Women in Capital Markets for work during his career on the issue of sponsoring gender diverse management teams and boards in order to produce better companies. He also received the Queen Elizabeth II Diamond Jubilee Medal for community service and the Arbor Award from the University of Toronto for his work with the school.
Richard was Chief Operating Officer, Canadian Imperial Bank of Commerce, until he retired from that position in September 2014. In this role, he was responsible for the global operations of Wholesale Banking, Technology and Operations; Strategy and Corporate Development; CIBC’s International Operations, including CIBC First Caribbean International Bank; and Treasury. He joined CIBC in 2008 following his more than 20 years of experience in the securities industry which included CIBC Wood Gundy from 1987 to 1997.
From 2004 to 2008 Richard was Chief Executive Officer of TSX Group, a public company listed on the Toronto Stock Exchange, having joined TSX as President of TSX Markets in 2001. He was responsible for the consolidation of the various local exchanges across Canada into what is today known as the TMX Group. During his tenure the company went public and invested significantly in new people and technology in order to make it into a world class regional exchange group.