Mr. Stramaglia has over 30 years of financial services professional and leadership experience and currently serves on the boards of the Equitable Bank, the Economical Insurance Group, Foresters Financial and Munich Re Canada.
Michael Stramaglia was appointed as the Global Risk Institute’s first Executive in Residence in January 2014, where he assists GRI management in the development of leading edge ERM research and education programs. Mr. Stramaglia is the President and Founder of Matrisc Advisory Group Inc., a consulting firm that specializes in the provision of enterprise risk management advisory services to the financial services sector. He currently serves on the boards of the Equitable Bank, the Economical Insurance Group, Foresters Financial and Munich Re Canada. Mr. Stramaglia has over 30 years of financial services professional and leadership experience, including over 10 years with Sun Life Financial where he served as a member of the International Executive Team and led the development of one of the insurance industry’s leading ERM practices as Executive Vice-President and Chief Risk Officer for the company’s global operations. He joined Sun Life Financial in 2002 following its acquisition of Clarica, where Mr. Stramaglia held the position of Executive Vice-President and Chief Investment Officer and was also head of the International Reinsurance Business. Prior to joining Clarica, Mr. Stramaglia worked for over 13 years with the Canadian operations of the worldwide Zurich Financial Services Group, where he held a number of senior executive positions including Chief Actuary, CFO, Chief Operating Officer and President and CEO of the Zurich Life Insurance Company of Canada. His recent consulting experience includes an extended mandate serving as the acting Chief Risk Officer for one of Canada’s largest credit unions. Mr. Stramaglia is a Fellow of the Society of Actuaries, Fellow of the Canadian Institute of Actuaries and Chartered Enterprise Risk Analyst. He holds the ICD.D designation from the Institute of Corporate Directors and an Honours Bachelor of Mathematics Degree (Actuarial Science and Statistics) from the University of Waterloo. He maintains a keen interest in advancing risk management best practices and, to this end, he is a frequent speaker and active participant in a wide range of industry and professional forums pertaining to enterprise risk management, capital and solvency.