Global Risk Institute
Richard Nesbitt is CEO of Global Risk Institute and has over 30 years of experience in the financial sector in the areas of risk, technology and operations, securities, and strategy and corporate development.
Richard is also a Visiting Professor at the London School of Economics, United Kingdom, 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 At Rotman, Richard created and teaches a course 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 is also an active public speaker at conferences and events across North America where he presents on the topics of risk management and securities market structure.
In June 2017, Richard published a 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, who serves on a variety of corporate and community boards, was recognized in 2014 by the organization Women in Capital Markets with its Visionary Award. This honour was bestowed on Richard for work over his career to sponsor 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.
Before joining the Global Risk Institute, Richard was Chief Operating Officer of 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 FirstCaribbean 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.