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Chair of the Board of Directors of OMERS Administration Corporation
George L. Cooke is Chair of the Board of Directors of OMERS Administration Corporation. He began serving as Chair on October 1, 2013. As Chair, Mr. Cooke also serves as ex officio (non-voting) member on the Board’s Audit & Actuarial, Governance, Human Resources, Investment, Technology, and Risk Oversight Committees. Mr. Cooke is also a member of the OAC/SC Joint Council.
Other current Board activity includes Board Chair, Ontario Lottery and Gaming Corporation, Director, Hydro One and Governor, Curling Canada.
In 2012, Mr. Cooke retired after a tenure of more than 20 years as the CEO and a Director of The Dominion of Canada General Insurance Company, one of Canada’s oldest and largest general insurance companies. During that time, he served as both an Executive Vice President and Director of E-L Financial Corporation (The Dominion’s parent).
Mr. Cooke has also served as a Director and Chair of The Insurance Bureau of Canada, Director of The Facility Association, and Director and Chair of the Property and Casualty Insurance Corporation. Other past positions include Director of Empire Life Insurance Company, Director of Atomic Energy Canada Limited, and Director of Toronto Rehabilitation Institute.
Mr. Cooke enjoys a profound interest in public policy and, earlier in his career, was a Special Advisor on Policy to the Honourable Robert F. Nixon, Ontario's former Deputy Premier and Minister of Finance. He and two colleagues recently completed a report for Ontario's Minister of Finance on financial services regulation.
Mr. Cooke has an MBA and an Honours Bachelor of Arts degree from Queens University. He is the recipient of an Honourary Doctor of Laws Degree (LLD) from Assumption University in Windsor, Ontario. He also was awarded an HCIP (Honourary Chartered Insurance Professional) designation by the Insurance Institute of Canada.
Mr. Cooke is a former Director and President of the Empire Club of Canada. He was recently appointed as a member of the Dean of Arts and Sciences Advisory Council, Queen’s University. He is also involved with a number of not-for-profit organizations including Loran Scholars Foundation and Spinal Cord Injury Ontario (SCI). His work with SCI Ontario helped him earn the Ken Langford Honourary Lifetime Membership. In 2014, he was inducted into the Canadian Curling Hall of Fame.
Chair of the Investment Committee of the OAC Board
Member of the Investment Committee
David M. Beatty serves as a member of the Investment Committee and the Human Resources Committee.
David Beatty was appointed to the OMERS AC Board effective January 1, 2013 as the City of Toronto representative. Mr. Beatty serves as a member of the Investment Committee and the Human Resources Committee.
Mr. Beatty brings 30 years of experience in investment banking principally focused on equity financing and mergers and acquisitions of power & utilities and mining & natural resource companies. He is currently Managing Director, Industrial Alliance Securities. He is the former Chief Executive Officer of Rio Novo Gold Inc. and Chairman of Rio Verde Minerals and co-founded Westwind Partners Inc., an investment bank, which was acquired by Thomas Weisel Partners in 2008, where he remained as Deputy Chairman, Investment Banking until January 2010.
Mr. Beatty was Head of the Mining & Metals Group at First Marathon Securities and Head of Mining Group at Gordon Capital Corporation. He was a member of the TSX/OSC Mining Standards Task Force in 1997-98 that drafted the National Instrument 43/101 regulations and is also a past member of the IDA Corporate Finance Committee. He co-founded Yamana Gold Inc. with Mr. Victor Bradley in 1994 and is a Director of Guyana Goldfields.
Mr. Beatty holds a B. Comm. (Queen’s), M. Phil., International Affairs (Cambridge) and an MBA (Harvard Business School).
Chair of the Human Resources Committee
Monty Baker is Chair of the Human Resources Committee and also serves as a member of the Audit & Actuarial Committee and Technology Committee.
Monty Baker was appointed to the OMERS AC Board in January 2012 and reappointed in 2017 as the representative of the Ontario Association of Police Services Boards. Mr. Baker is Chair of the Human Resources Committee and also serves on the Audit & Actuarial Committee and Technology Committee.
Mr. Baker was a partner at PricewaterhouseCoopers where he was a member of the PwC Partners Board up until 2001. From 2001 to 2011, Mr. Baker was the Vice President, Global BTO HR Solutions at IBM where he was responsible for overall strategy, sales, marketing and the delivery for Human Resource Outsourcing. He is a former Board member of the Ontario Division of the Canadian Cancer Society, a member of the Audit Advisory Committee for the Federal Superintendent of Pensions and the former President of the Halton Peel Chartered Accountants Association.
Mr. Baker is a graduate of the University of Toronto and a Chartered Accountant. He received his chartered director designation from The Directors College in 2013.
Member of the Governance Committee
Darcie Beggs serves as a member of the Governance Committee, Human Resources Committee, Appeals Committee and Risk Oversight Committee.
Darcie Beggs was appointed to the OMERS AC Board effective January 1, 2017 as one of the two CUPE representatives. Ms. Beggs serves as a member of the Governance Committee, Human Resources Committee and Appeals Committee. She previously served on the OAC Board from January 1, 2014 to March 31, 2016.
Ms. Beggs is a pension policy expert with extensive experience both as an advisor to labour organizations on pension issues and as a pension plan trustee. She holds a bachelor's degree in Commerce from the University of Saskatchewan.
Chair of the Audit & Actuarial Committee
Bill Butt is Chair of the Audit & Actuarial Committee and serves as a member of the Investment Committee.
Bill Butt was appointed to the OMERS AC Board effective January 1, 2014 as the Electricity Distributors Association representative.
In addition to OMERS, Mr. Butt serves on the Board of Directors of Xplornet Communications ($1.5 billion communications company) and its Human Resources (Chairperson), Audit & Finance and Governance Committees.
Mr. Butt spent many years with BMO Financial Group most recently as Global Head of Investment & Corporate Banking where he was responsible for all of BMO’s business with major corporations worldwide encompassing equity and debt underwriting, corporate lending, mergers & acquisition advisory services, merchant banking, trade finance and global treasury management. He had profit and loss and risk responsibility for a ~$60 billion portfolio (corporate credit & private equity) and a team of 600 professionals in 18 offices in 10 countries. As one of BMO’s most senior officers, Mr. Butt sat on BMO’s Management and Performance Committees and BMO Capital Markets’ Executive, Operating and Management Committees.
Mr. Butt is Chairperson of the St. Michael’s Hospital (Toronto) President’s Council (2011-present) and was a long-time member of the St. Michael’s Hospital Foundation Board of Directors (2003-2011). He is Co-Chairperson of the Children’s Aid Foundation of Canada’s $60 million “National Campaign for Child Welfare” and a member of the Children’s Aid Foundation’s Board of Directors and Executive Committee (2016-present).
He holds a BComm (Windsor), MBA (Ivey), ICD.D (Institute of Corporate Directors) and studied at the Rotterdam Graduate School of Management. He was named to Canada's Top 40 Under 40.
Member of the Audit & Actuarial Committee
Chair of the Technology Committee
Michael Fenn chairs the Board’s Technology Committee and serves on the Board’s Governance Committee. He is one of the two Directors nominated by the Association of Municipalities of Ontario (AMO).
Over the course of an extensive career in public service, Michael Fenn has been an Ontario Deputy Minister under three Premiers, municipal chief administrator in Hamilton and Burlington, and the founding CEO of both regional transportation authority Metrolinx and regional health authority Mississauga Halton LHIN.
Mr. Fenn is now a management consultant specializing in the public sector and healthcare. He is also a Board Director with the Toronto Board of Education's realty arm, the Toronto Lands Corporation. He is a certified board director, having attained the C.Dir. designation in 2014.
His recent published research reports have addressed: ‘megatrends’ and the future of Canada’s infrastructure; creative approaches to infrastructure finance including municipal asset management; the role of the city manager in Ontario; municipal government “at an inflection point”; and water, wastewater and stormwater policy in Ontario.
Mr. Fenn's career achievements have been acknowledged by a number of professional awards, including the Lieutenant Governor's Medal of Distinction in Public Administration for Ontario, the AMCTO's Prestige Award, and the OMAA's Robert Baldwin Award. In 2010, he was one of two Ontarians added to the Association of Municipalities of Ontario's Honour Roll. Mr. Fenn's municipal management career was recently profiled in a chapter in the book: Leaders in the Shadows: The Leadership Qualities of Municipal Chief Administrative Officers, by Professor David Siegel.
Laurie Hutchinson serves as a member of the Audit & Actuarial Committee, Technology Committee and Risk Oversight Committee.
Laurie Hutchinson was appointed to the OMERS AC Board effective January 1, 2014 as the Ontario Public Service Employees Union (OPSEU) representative and serves as a member of the Audit & Actuarial Committee and Technology Committee.
Ms. Hutchinson brings more than 25 years of experience working with defined benefit pension plans like OMERS, including more than 10 years as a senior executive at another large public sector plan. She has also worked as an advisor and a regulator and has successfully advocated for regulatory change for pension plans in Canada. She brings an in-depth working knowledge of both pension plans and pension plan organizations.
A believer in volunteerism, Ms. Hutchinson has been a Board and Committee member of the Association of Canadian Pension Management (ACPM), a member of the Actuarial Advisory Committee for the Financial Services Commission of Ontario, a member of the Consumer Education Committee of the Actuarial Foundation of Canada, and previously volunteered with disabled children at the Holland Bloorview Kids Rehabilitation Hospital.
Ms. Hutchinson is a Certified Director, a Fellow of the Canadian Institute of Actuaries, and a graduate of the University of Western Ontario.
Cliff Inskip is a member of the Audit & Actuarial Committee, the Investment Committee and the Risk Oversight Committee.
Cliff Inskip was appointed to the OMERS AC Board, effective January 1, 2015, having been jointly nominated by both the Ontario Catholic School Trustees’ Association and Ontario Public School Boards’ Association.
Mr. Inskip is President of Polar Star Advisory Services Inc., a boutique management consulting firm that advises government and large corporate clients on major infrastructure projects and related financing matters. Previously he spent over 30 years in the financial services industry at CIBC and Export Development Corporation. He retired from CIBC at the end of 2014 as Managing Director and Head of the Bank's Canadian infrastructure advisory and bond underwriting business and prior to that he was Deputy Managing Director of CIBC World Markets plc in the UK.
Mr. Inskip has appeared as an expert witness before the National Energy Board and the Standing Senate Committee on National Finance.
He serves as a director on the boards of Oakville Enterprises Corporation and JCM Power Corporation as well as a number of not-for-profit organizations. Previously he served on the Board of CIBC World Markets plc, a regulated bank in London, UK.
Mr. Inskip holds an MBA and B.A.Sc. (civil engineering) from the University of British Columbia and is a CFA charter holder and a Fellow of the Canadian Securities Institute. He received his chartered director and audit committee certified designations from The Directors College and also has a Diploma in Corporate Treasury Management from the Association of Corporate Treasurers (UK). He is a member of Professional Engineers Ontario.
Chair of the Governance Committee
Jim Phillips is Chair of the Governance Committee and serves as a member of the Technology Committee, Appeals Committee and the OAC/SC Joint Council Sub-Committee.
Jim Phillips was appointed to the OMERS AC Board in 2009 as the representative for the Ontario Association of Children's Aid Societies. He has served as Chair of the Audit Committee, is Chair of the Governance Committee and also serves on the Technology Committee, Appeals Committee and OAC/SC Joint Council Sub-Committee.
During his career Mr. Phillips has had the opportunity to work in the private, public and not-for-profit sectors. He began his career in the banking and trust industry, including the positions of Director of Savings Services and Chief Accountant of Victoria and Grey Trust Company. Subsequently Mr. Phillips was employed by the Province of Ontario in financial and human resource management roles.
For 26 years, prior to early retirement in 2011, Mr. Phillips served as Director of Corporate Resources with Family and Children’s Services of Waterloo Region and for 20 years as the Chief Executive Officer of the Family and Children’s Services Foundation. He served on a number of secondments to the Province of Ontario, working on policy development and implementation projects. In 2007 he was a member of a team that received the Amethyst award from the Province of Ontario for outstanding public service.
Mr. Phillips and his wife reside in Kitchener, Ontario and he has a practice as a consultant for capital fundraising campaigns and annual giving programs. He is Chair of the Board of Directors of Kitchener Power Corporation, Vice Chair of Grand River Energy Solutions Inc. and is Chair of the Board of Governors of Waterloo Lutheran Seminary.
Mr. Phillips received his Bachelor of Arts degree from the University of Guelph in 1976, Certified General Accountant designation in 1981, Chartered Director designation from McMaster University in 2012 and his Professional Chartered Accountant designation in 2014.
Penny Somerville serves as a member of the Investment Committee and Governance Committee. Ms. Somerville also serves as Chair of the Risk Oversight Committee.
Penny Somerville was appointed to the OMERS AC Board effective February 12, 2015 as one of the two Association of Municipalities of Ontario representatives.
Ms. Somerville held a number of senior leadership roles during her nearly 30-year career with BMO Financial Group. This experience reflects her strong grasp of the interplay between corporate/financial strategy and risk. Her roles at BMO included the following: Executive Vice President, Technology & Operations Initiatives; Executive Vice President & Senior Market Risk Officer; Executive Vice President & Treasurer; and Senior Vice-President & Corporate Controller. Prior to working at BMO, Ms. Somerville provided accounting and auditing research advice to the Canadian operating offices of a large accounting firm.
Ms. Somerville serves on Cidel Bank Canada Board of Directors and is chair of the Audit Committee. She also is a member of Runnymede Healthcare Centre’s Board of Directors and Finance/Audit Committee. Previously, she served on the University of Toronto’s Audit Committee as well as the Board and Audit Committee of Moneris Solutions Corporation and the Board of Bank of Montreal (Barbados) Limited.
Ms. Somerville holds an Honours Bachelors of Commerce from Queen’s University. She is a member of the Institute of Corporate Directors and a Fellow of the Chartered Professional Accountants of Ontario.
David Tsubouchi serves as Chair of the Appeals Committee. Mr. Tsubouchi is also a member of the Governance Committee and the Human Resources Committee.
David Tsubouchi was appointed to the OMERS AC Board, effective January 1, 2015. He was appointed on the nomination of the retiree organizations.
Mr. Tsubouchi’s governance experience includes extensive involvement as a Chair and Director with a wide variety of public sector, private sector, educational and community organizations. He has chaired or been a member of several governance and audit committees on corporate boards. He has also led successful fund-raising campaigns for George Brown College and Seneca College, raising millions of dollars.
As an elected official, Mr. Tsubouchi represented the riding of Markham in the Ontario Legislature for two terms, during which he held cabinet posts including Solicitor General and Chair of Management Board. Mr. Tsubouchi also served two terms as a Councillor for the Town of Markham.
Mr. Tsubouchi holds degrees in English (York University) and law (Osgoode Hall Law School). In 2006, he received an Honourary Doctor of Laws Degree (LLD) from Assumption University in Windsor and in 2014 received an honourary Doctorate of Sacred Letters (DSLitt) from Huntington University in Sudbury. He received his C. Dir. from The Directors College, McMaster University in 2016.
Member of the Investment Committee and Technology Committee.
Yung Wu serves as a member of the Investment Committee and Technology Committee.
Yung Wu was appointed to the OMERS AC Board effective January 1, 2018 on the nomination of the Police Association of Ontario. He is a member of the Investment Committee and the Technology Committee.
Mr. Wu was appointed as CEO of MaRS effective November 1, 2017. He is also Chairman of private equity firm NFQ Ventures.
Mr. Wu is a serial entrepreneur, innovator, private equity investor and experienced Corporate Director, specializing in digital strategy and technology. He has created, led, financed and directed private and public companies spanning digital marking automation, mobile analytics and big data, media and entertainment, enterprise software, financial services and pharma.
Mr. Wu serves as a director on the Board of Green Shield, a multi-billion dollar health benefits insurance and financial services company, regulated through the Office of the Superintendent of Financial Institutions. He is also an independent director on the Board of Antibe Therapeutics, a publicly traded commercial-state pharmaceutical growth company, and on the Advisory Board fir The DMZ at Ryerson University.
Mr. Wu derives great personal satisfaction from his philanthropic work with his wife Katrina, through their social enterprise "Different Is Cool". They have sponsored aligned causes for Autism awareness, Artisan communities in the developing world, frontline healthcare and at-risk youth. As an enthusiastic supporter of the arts, he has been a Patron of the Canadian Opera Company and the UofT Faculty of Music.
Mr. Wu has been recognized as one of Canada's 'Top 40 under 40' leaders and for leading one of the "50 Best Managed Private Companies" in the nation. He has a bachelor’s degree in Computer Science, Economics and Mathematics from the University of Toronto, a graduate of the Entrepreneurial Masters Program at the Massachusetts Institute of Technology, a member of MENSA, the Young Presidents Organization (YPO) and the Institute of Corporate Directors (ICD.D). His other interests include Japanese martial arts, dragon boat racing, motorcycling, opera and theatre.