Richard Nesbitt

Last updated
Richard William Nesbitt
Born (1955-10-07) October 7, 1955 (age 68)
Toronto, Canada
Occupation Business executive
Known for CEO of TSX Group until 2008
SpouseSusan Nesbitt
Children2

Richard William Nesbitt is a Canadian financial executive who currently manages KalNes Capital Partners' partner. [1] Previously, he was the president and CEO of Global Risk Institute and CEO of Toronto Stock Exchange.

Contents

In addition, in cooperation with the London School of Economics, he led the creation of a new research institute, The Inclusion Initiative At LSE, which was mandated to improve diversity and inclusion in the finance industry. He was also an adjunct professor at the Rotman School of Management of the University of Toronto where he taught a course entitled "How Banks Work: Management in a New Regulatory Age." Richard is also chair of the advisory board of the Mind-Brain Behaviour Hive at the same university.

Career

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 working 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 was the chief operating officer of Canadian Imperial Bank of Commerce until he retired from the role in September 2014.

Nesbitt was a governor (member of the board of directors) of the Toronto Stock Exchange from 1996 until December 1999. [2]

Until his resignation in January 2008, he was the CEO of TSX Group, which operates the Toronto Stock Exchange and the TSX Venture Exchange. He is on the board of directors of TSX Group, the World Federation of Exchanges, Market Regulation Services, CanDeal, Frontier College and the Prostate Cancer Research Foundation of Canada.

In 2008, in partnership with Thomas Kalafatis, Richard was the co-founder of KalNes Capital Partners, a private family office that made various software, technology, and financial investments. He became CEO of CIBC World Markets on February 29, 2008. [3] [4]

Awards

In 2019, Richard was awarded the Lifetime Achievement Award from the Rotman School of Management. [5] He was recognized in 2014 with the Visionary Award [6] by the organization Women in Capital Markets for work during his career on the issue of sponsoring gender-diverse management teams and boards to produce better companies. He also received Queen Elizabeth II, Diamond Jubilee Medal for community service, and the Arbor Award from the University of Toronto for his work with the school.

Related Research Articles

<span class="mw-page-title-main">Toronto Stock Exchange</span> Stock exchange in Canada

The Toronto Stock Exchange is a stock exchange located in Toronto, Ontario, Canada. It is the 10th largest exchange in the world and the third largest in North America based on market capitalization. Based in the EY Tower in Toronto's Financial District, the TSX is a wholly owned subsidiary of the TMX Group for the trading of senior equities.

<span class="mw-page-title-main">TMX Group</span> Canadian financial services company

TMX Group Limited is a Canadian financial services company that operates equities, fixed income, derivatives, and energy markets exchanges. The company provides services encompassing listings, trading, clearing, settling and depository facilities, information services as well as technology services for the international financial community.

<span class="mw-page-title-main">Canadian Imperial Bank of Commerce</span> Canadian banking institution

The Canadian Imperial Bank of Commerce is a Canadian multinational banking and financial services corporation headquartered at CIBC Square in the Financial District of Toronto, Ontario. The Canadian Imperial Bank of Commerce was formed through the 1961 merger of the Canadian Bank of Commerce and the Imperial Bank of Canada, in the largest merger between chartered banks in Canadian history. It is one of two "Big Five" banks founded in Toronto, the other being the Toronto-Dominion Bank.

The Joseph L. Rotman School of Management is the University of Toronto's graduate business school, located in Downtown Toronto. The University of Toronto has been offering undergraduate courses in commerce and management since 1901, but the business school was formally established in 1950 as the Institute of Business Administration. The name was changed to the Faculty of Management Studies in 1972 and subsequently shortened to the Faculty of Management in 1986. The school was renamed in 1997 after Joseph L. Rotman (1935–2015), its principal benefactor.

<span class="mw-page-title-main">Montreal Exchange</span> Derivatives exchange located in Montreal, Canada

The Montreal Exchange, formerly the Montreal Stock Exchange (MSE), is a derivatives exchange, located in Montreal, Quebec, Canada that trades futures contracts and options on equities, indices, currencies, ETFs, energy and interest rates. Since 1965, it has been located in the Tour de la Bourse, Montreal's third-tallest building. It is owned by the Toronto-based TMX Group.

<span class="mw-page-title-main">CIBC Capital Markets</span> Investment banking subsidiary of the Canadian Imperial Bank of Commerce

CIBC Capital Markets is the investment banking subsidiary of the Canadian Imperial Bank of Commerce. The firm operates as an investment bank both in Canadian and global equity and debt capital markets. The firm provides a variety of financial services including equity and debt capital market products, mergers and acquisitions, global markets, merchant banking, and other investment banking advisory services.

<span class="mw-page-title-main">Schulich School of Business</span> Canadian business school in Toronto

The Schulich School of Business is the business school of York University located in Toronto, Ontario, Canada. The institution provides undergraduate and graduate degree and diploma programs in business administration, finance, accounting, business analytics, public administration and international business as well as a number of PhD and executive programs. Originally known as the Faculty of Administrative Studies (FAS), it was renamed in 1995 after Seymour Schulich, a major benefactor who has donated $15 million to the school. The Dean of the School, Detlev Zwick, was appointed in 2021 after having served as Interim Dean for 15 months.

Joseph Louis Rotman,, was a noted Canadian businessman and philanthropist. Rotman was the founder, benefactor and member of many successful organizations, such as the Clairvest Group Inc., the Rotman Research Institute, the Rotman School of Management, and the Rotman Institute of Philosophy. Throughout his life, he received three honorary degrees, as well as an induction into the Canadian Business Hall of Fame. He is well-regarded for donating his time and financial assistance to numerous philanthropic causes including the arts, education and healthcare.

Gerald T. McCaughey is a Canadian businessman who was formerly president and CEO of the Canadian Imperial Bank of Commerce.

Philip S. Orsino, is a Canadian businessman. He is the former president and chief executive officer of Masonite International Corporation.

William Arthur Downe is a Canadian banker who was chief executive officer of Bank of Montreal from March 1, 2007, to October 31, 2017.

Butterfield, officially The Bank of N. T. Butterfield & Son Limited, is a bank founded and based in Bermuda. It provides services to clients from Bermuda, the Cayman Islands, Guernsey and Jersey, where its principal banking operations are located, and The Bahamas, Switzerland, Singapore and the United Kingdom, where it offers specialized financial services. Banking services comprise deposit, cash management and lending for individual, business and institutional clients. Wealth management services are composed of trust, private banking, asset management and custody. In Bermuda, the Cayman Islands and Guernsey, Butterfield offers both banking and wealth management. In The Bahamas, Singapore and Switzerland, Butterfield offers select wealth management services. In the UK, Butterfield offers residential property lending. In Jersey, it offers banking and wealth management services. Butterfield is publicly traded on the New York Stock Exchange and the Bermuda Stock Exchange.

RBC Dominion Securities was the brand used by Royal Bank of Canada for full service brokerage services, primarily in Canada, and formed part of RBC's Wealth Management and Capital Markets divisions. Today, RBC Dominion Securities is known as RBC Capital Markets and RBC Wealth Management.

<span class="mw-page-title-main">Oppenheimer Holdings</span> American multinational independent investment bank

Oppenheimer Holdings Inc. is an American multinational independent investment bank and financial services company offering investment banking, financial advisory services, capital markets services, asset management, wealth management, and related products and services worldwide. The company, which once occupied the One World Financial Center building in Manhattan, now bases its operations at 85 Broad Street in New York City.

<span class="mw-page-title-main">Lorne Abony</span> Canadian businessman, currently the CEO of FastForward Innovations, Ltd

Lorne Abony is a Canadian businessman, currently the CEO of FastForward Innovations, Ltd, a venture capital firm.

CIBC Mellon was founded in 1996 as a joint venture between the Canadian Imperial Bank of Commerce and the Mellon Financial Corporation to offer asset servicing to institutional investors. While commonly known as CIBC Mellon, the company comprises two sister companies, CIBC Mellon Trust Company and CIBC Mellon Global Securities Services Company. Based in Toronto, Ontario CIBC Mellon offers asset servicing to corporate and institutional clients.

Thomas Carey MacMillan was the longest serving President and CEO of CIBC Mellon, and a Canadian businessman.

Thomas S. Monahan is the President and CEO of CIBC Mellon succeeding Thomas C. MacMillan. Mr. Monahan was born in Arvida, Quebec, and is a native of Montreal, Quebec and has a bachelor of commerce degree from the McGill University Desautels Faculty of Management, and a degree from Vanier College.

<span class="mw-page-title-main">Anthony Graham</span> Canadian businessman

Anthony Richard Graham is a Canadian businessman based in Toronto, Canada. He is presently president and chief executive officer of Sumarria Inc. and chairman of Graymont Limited.

Sonia Ameena Baxendale is a Canadian executive in the financial services industry. She received her undergraduate degree from the University of Toronto and has been recognized as one of the Top 100 Most Powerful Women in Canada. She has worked in senior positions for CIBC and Foresters and in 2019 she was named President and CEO of the Global Risk Institute.

References

  1. ↑ "Who We Are". KalNes Capital Partners. Retrieved August 22, 2023.
  2. ↑ "TSX Group, profile: Richard Nesbitt, Chief Executive Officer, TSX Group" (PDF). Retrieved 2008-01-08.
  3. ↑ Canadian Business – The Canadian Press – January 7, 2008 - 9:46 a.m. – CIBC shakes up top management, TSX CEO Richard Nesbitt to head World Markets
  4. ↑ The Globe and Mail, Report on Business, by Virginia Galt and Tara Perkins – January 7, 2008, at 10:44 AM EST – Subprime woes lead to a shakeup at CIBC
  5. ↑ https://www.rotman.utoronto.ca/Connect/MediaCentre/NewsReleases/20191004 Alumni Honoured with Lifetime Achievement and Leader to Watch Awards by the University of Toronto’s Rotman School of Management.
  6. ↑ https://wcm.ca/professionals/wcm-leadership-award-winners/ Professionals - WCM Leadership Award Winners | WCM
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.