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Appointee Biographies

Ontario Financing Authority


Constance L. Sugiyama, CM, JD, LLD, is a corporate director and strategy advisor. Prior to retiring from practice, she was the Deputy Chair of a national law firm and a leading corporate, capital markets and mergers and acquisitions lawyer. She is a past-Chair of the Hospital for Sick Children. Constance currently serves on a number of boards and her community involvement includes, among others, serving as an advisor to the Japanese Canadian Cultural Centre, Women in Capital Markets, and the 30% Club Canada. Constance has been a Board member of the OFA since 2014 and its Vice Chair since 2016. Constance was appointed a Member of the Order of Canada in 2014. She holds a BA and JD from the University of Toronto and was awarded an Honorary LLD from the University of Western Ontario in 2015.


Before her appointment to the OFA Board of Directors, Marie MacDougall was Vice President and Treasurer at Export Development Canada (EDC) for 31 years. During her tenure at EDC, Marie occupied various financial, investment, and accounting roles before she was promoted to Vice President and Treasurer in February of 2000. As head of EDC’s Treasury group, her team provided financial and technical support to the lending and insurance operations of the corporation. Marie’s team of capital market experts developed and executed financial strategies and transactions for the corporation’s long-term debt issues, short-term borrowings, investments and foreign exchange transactions, all derivative and pricing activities, and investor relations. In addition, Marie attended the EDC’s Board of Directors meetings to provide support to the Chair of the Audit Committee and address any questions regarding EDC’s Treasury operations.


Peter Kay is a retired financial services executive. His career spanned 32 years with Canadian Imperial Bank of Commerce (CIBC) including 15 years as senior vice president and as deputy chair of the CIBC Pension Fund Committee. Peter’s experience in the financial sector covers a wide variety of areas including large-scale and structured lending, Eurobond finance, and merchant banking. Treasury-related areas include corporate and international finance, long term debt financing in the domestic Canadian, US and Euro-bond markets, and capital management and pension fund management. From 2009–2018, Peter was a Trustee of the Upper Canada College Foundation, a charitable foundation, where he also served as chair of the Governance & Nominating Committee. Peter was awarded a BSc in Engineering from the University of Toronto, an MSc in Management Science from Imperial College, University of London, England, and an LLM in Securities Law from Osgoode Hall, York University.


Diane McArthur was appointed the first Chief Talent Officer of Ontario Public Service in January 2016. Prior to this, she was the Executive Lead for the Secretariat supporting the Premier’s Advisory Council on Government Assets. The Secretariat worked with ministries to successfully implement one of the largest IPO's in Ontario's history and most significant reform of beverage alcohol retailing since prohibition. Previous executive roles include Assistant Deputy Minister and Executive Officer of Ontario Public Drug Programs (OPDP), where she oversaw the administration of the second largest drug insurance program in North America; Assistant Deputy Minister of the Ontario Seniors’ Secretariat; Executive Coordinator of Health and Social Policy in Cabinet Office. Diane has gained extensive experience in health human resource policy and planning for health care provider training, education, supply and distribution initiatives, data and health information planning and analysis, health care provider negotiations, rural health policy, labour relations, and service delivery restructuring. She is currently a board member of CorHealth, which provides strategic leadership to improve cardiac, stroke and vascular care in the province, Diane’s previous Board experience includes the Ontario Electricity Financial Corporation (Audit Committee member), the Canadian Agency for Drugs and Technology in Health (Chair, Audit and Finance Committee), and the Michener Institute of Canada. Diane has a Bachelor of Public Relations from Mount Saint Vincent University in Halifax and an MBA from the University of Ottawa.


Heather-Anne Irwin is the Academic Director of the Master of Financial Risk Management and an Assistant Professor, Teaching Stream at the Rotman School of Management. She is also the Executive Director of the Canadian Securities Institute Research Foundation. Prior to this, Heather-Anne spent 19 years in capital markets at TD Securities, Nesbitt Burns, and Citibank where she occupied various senior roles in corporate finance, fixed income and structured products. Currently Heather-Anne is a board of Artis REIT and a member of the Independent Review Committee of Starlight Capital; she was previously a board member of InnVest REIT. She also sits on several private boards. She is the Founding President of Women in Capital Markets. Heather-Anne’s not-for-profit board work includes, Up With Women where she is the Past Chair, and Bay St. Deconstructed. She was a member of the board of the Centre for Addiction and Mental Health Foundation from 2002–2008. Heather-Anne has a degree in Engineering Chemistry from Queen’s University and an MBA from the Schulich School of Business at York University. She holds the ICD.D designation.


Paul Potvin has twenty six years of experience as a capital markets trading and structuring professional, at both Canadian and international banks, in derivatives, fixed income and equities. Paul was also employed by a major public sector investment manager to reduce its credit derivatives exposure arising from the Montreal Accord asset backed commercial paper restructuring. Prior to his work in the capital markets, Paul was an assistant professor of Finance at the University of Toronto, where he taught in the Undergraduate, MBA, PHD and executive business programs. Paul has an honors B.A in Economics from the University of Toronto, and a PhD in Business Economics from Harvard University.


As CEO of the OFA, Gadi Mayman is responsible for the Province’s capital market activities, including borrowing and debt management, corporate and electricity finance projects, and its banking and investor relationships. He is also CEO and Vice-Chair of the Ontario Electricity Financial Corporation. Prior to joining the OFA, Gadi worked at Export Development Canada in Ottawa and in the International Division of the TD Bank. He received a Bachelor of Applied Science in Industrial Engineering from the University of Toronto in 1981, and an MBA from the Ivey Business School at the University of Western Ontario in 1988. He is also on the boards of the OFA, Infrastructure Ontario, Invest Ontario and the Ontario Capital Growth Corporation. He is Co-Chair of the Joint Nuclear Funds Investment Committee, a joint committee of the OFA and Ontario Power Generation.


Steve Geist has over 30 years of experience in financial services. He retired from the Canadian Imperial Bank of Commerce in 2017 where his last role was Senior Executive Vice President and Group Head, CIBC Wealth Management. Prior to that, Steve was President and CEO of CIBC Asset Management, one of Canada's largest asset managers with over $120 Billion of assets. Before joining CIBC, he held roles at TD Asset Management, Fidelity Investments and Price Waterhouse. Steve currently serves on the Advisory Board of Ardenton Capital, a global private equity corporation, and the Independent Review Committee of SEI Investments Canada. He is also the Chair of the Capital Sector Audit Committee for the Province of Ontario and is on the Board of Governors of Royal St. George's College. He is a past director of the Investment Funds Institute of Canada and the Mutual Funds Dealers Association. Steve is a Chartered Professional Accountant with an FCPA/FCA designation and also holds the ICD.D designation. He is a Certified Financial Planner and has a Bachelor of Business Administration degree from Wilfrid Laurier University.


Rani K. Dhaliwal is the Senior Vice-President, Transformation and Strategic Partnerships at Humber College, supporting the advancement of the college’s strategic priorities. Rani oversees Humber College’s unique strategic partnerships with industry and community and the University of Guelph; she is also deeply involved in the Humber-Seneca Polytechnic Partnership. In her former role as the college’s SVP Planning and Corporate Services & CFO, Rani provided leadership in the areas of financial services, risk management, IT and strategic planning. She also has extensive private sector experience. Rani has a passion for volunteering and working on issues related to health and education. She currently serves on the Ontario Internal Audit Committee and as a director of the Ontario Education Collaborative Marketplace. Rani has previously been involved with the William Osler Health System, World University Service of Canada, UNICEF Canada and the Federation of Canadian-Brazilian Businesses. Rani has her FCPA FCMA. She has a BA in Economics and in Business Administration from York University, and Chartered Director designation from McMaster University.


Yim Chan is a retired CIO and Chief Privacy Officer, her career spanned over 35 years with IBM in various Executive Management roles across IBM Canada, Asia Pacific and Corporate. Yim's experience in the IT Sector covers a broad scope in Technical, Management and Privacy positions to enable organization to drive business innovation and transformation. She provided Business Visionary and led cutting-edge projects and innovative technologies that drove business value and business practice leadership in IT and Privacy Leadership. Her skills included business insights and expertise in IT challenges, and privacy and security solutions incorporating the latest technologies and methodologies. Yim co-authored Privacy papers and held Board member positions for many years with the International Association of Privacy Professionals that manages the Privacy certification global programs. She was CIPP/C and CIPM certified. She holds 2 patents. Yim has a Bachelor of Mathematics from the University of Waterloo and a Masters Certificate from George Washington University.