A graduate of the Rotman School of Management (MBA, 1985), Richard Nesbitt recently completed his tenure as CEO of Global Risk Institute in Financial Services, which is building a globally recognized research organization in the management of emerging risks.
He is an Adjunct Professor at Rotman, where he created and teaches a course entitled “How Banks Work: Management in a New Technological Age”. He also chairs the Advisory Board of the Mind Brain Behavior Hive.
Mr. Nesbitt is an active public speaker at conferences and events across North America, presenting on the topics of risk management and securities market structure. He has recently been a Visiting Professor at the London School of Economics, United Kingdom. In June 2017, Mr. Nesbitt 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).
Before joining the Global Risk Institute, Mr. Nesbitt 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 more than 20 years of experience in the securities industry, which included CIBC Wood Gundy from 1987 to 1997.
From 2004 to 2008 Mr. Nesbitt was Chief Executive Officer of TSX Group, a public company listed on the Toronto Stock Exchange, after 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.
Mr. Nesbitt, who serves on a variety of corporate and community boards, was recognized in 2014 by the organization Women in Capital Marks with its Visionary Award. This honour was bestowed on him 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.