Connecting Industry Problems With Machine Learning Startup Innovations

October 26, 2016

DoubleTree Downtown Toronto

Produced by

Machine Learning

Fintech Conference


Richard Nesbitt


Global Risk Institute

In addition to being president and CEO of Global Risk Institute, Richard is also an Adjunct Professor at the Rotman School of Management of the University of Toronto and chair of the Advisory Board of the Mind Brain Behaviour Hive at the same University. He serves on a number community and corporate boards of directors.


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 continues his career at the highest levels of management in financial services. He has worked in London, New York, and Toronto and is experienced in doing business in Asia. Richard was Chief Operating Officer, Canadian Imperial Bank of Commerce until his retirement in September 2014 where he was responsible for the global operations of Wholesale Banking, Technology, and Operations; Strategy and Corporate Development; CIBC’s International Operations, including CIBC FirstCaribbean International Bank; and Treasury. He joined CIBC in 2008 following his more than 20 years of experience in the securities industry.


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 invested significantly in new people and technology in order to make it into a world-class regional exchange group.


Previously, Richard served as President and Chief Operating Officer of BayStreetDirect Inc., an Internet-based investment dealer. Before that, he was President and Chief Executive Officer of HSBC Securities Canada for three years, after having worked for ten years at CIBC Wood Gundy. He has also worked with Mobil Oil Canada Ltd., for five years and spent two years as a Lecturer at the University of Western Ontario, Richard Ivey School of Business.


Richard is married to Lucy Lawlor, and they have two daughters Olivia and Lillian, both of whom are students at universities. He resides in Toronto and maintains a residence in Florida and a farm near Stratford Ontario.