Members of the Financial Services Tribunal

Chair

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Mr. Ian McSweeney became a member of the Tribunal in 2015 and was appointed Tribunal Chair on September 13, 2017. Ian is a retired partner of Osler, Hoskin & Harcourt LLP. At Osler, he chaired the firm’s Pension and Employee Benefits Department for many years and practised exclusively in that area for most of his 35 plus year legal career. Ian is a former member of Osler’s Executive Committee and a former Chair of the firm’s Legal Professionals Committee. He is the past Editor of Pension Benefits Law in Ontario (Carswell) and a former Vice-Chair of the Pension Commission of Ontario’s (now FSCO) Legal Advisory Committee. Ian is also a former (founding) member of the executive of the Canadian Bar Association (Ontario) Pension and Benefits Section and former Chair and founding member of the International Pension & Employee Benefits Lawyers Association (IPEBLA). In 2016 Ian received the Ontario Bar Association Award of Excellence in Pensions and Benefits Law. Most recently, Ian served as Chair of the Financial Services Commission of Ontario (FSCO) prior to FSCO's transition into the Financial Services Regulatory Authority of Ontario (FSRA) on June 8, 2019. Ian is currently a member of the Headwaters Healthcare Centre Governance Committee and is Vice-Chair of the Orangeville Police Services Board. He has an honours business degree from Ivey (HBA, 1975) and obtained his law degree from The University of Western Ontario (LLB, 1979).

 

Vice-Chair

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Ms. Bethune Whiston was appointed Vice-Chair of the Commission and the Tribunal on April 11, 2018. Ms. Whiston is a Partner in the Ontario Consulting, and Governance, Regulatory and Compliance Practices of LifeWorks (previously known as Morneau Shepell) and consults, speaks and writes internationally on pension & benefit plan issues.  With over 30 years of experience, Ms. Whiston manages Morneau Shepell’s Pension & Benefits Consulting Legal Team in Toronto and co-manages the Toronto Regulatory Practice, a large multi-specialty team of people working on over 180 pension plan wind-ups and restructurings in Canada.  She is also responsible for advising the firm’s professionals and clients on a broad range of pension & benefit plan issues. Ms. Whiston was appointed a member to the Financial Services Tribunal on December 17, 2013.

 

Bethune was a faculty member of the Osgoode Certificate in Pension Law for many years, and has held leadership positions on a number of committees and councils in the industry.  Bethune is a regular participant on Industry Working Groups set up by the Canadian Association of Pension Supervisory Authorities and has co-ordinated publication of the Morneau Shepell Handbook of Canadian Pension and Benefit Plans over the past 15 years. Ms. Whiston holds a B.A. from Western University (1983) and a J.D. from the University of Toronto (1986).

 

Members

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Mr. Paul Farley was reappointed as a member of the Financial Services Tribunal on February 5, 2016. He has practiced law for forty-two years and in April of 2016, retired as the Director of Investigations and Prosecutions at the Chartered Professional Accountants of Ontario, a self-regulating professional organization with over 90,000 members. Mr. Farley has more than thirty years of experience in administrative law and appears often before administrative tribunals and at all levels of the courts in Ontario on the prosecution of regulatory offences. He served as a Chair of the Advisory Board for the Financial Services Commission for 11 years.
 
Mr. Farley was advisor to the Board of the Alliance for Excellence in Investigative and Forensic Accounting from 2002 – 2004. He is presently an advisory member to the Board of Directors of Stevenson Memorial Hospital in Alliston, Ontario, having served six years as a Director. Mr. Farley continues his career in the law as a sole practitioner.
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Mr. Anthony Fredericks has over 40 years of insurance experience, is a fellow of the Insurance Institute of Canada and a Canadian Risk Manager. Mr. Fredericks is the CEO for several companies, including A.M. Fredericks Underwriting Management Ltd., Canrisc Insurance Consulting and AMF Credit Corp.
 
A.M. Fredericks Underwriting Management Ltd. operates as a Managing General Underwriter, providing commercial insurance policies on behalf of domestic and foreign insurers. February 2018 marked the company’s 25th year in business. Canrisc Insurance Consulting Ltd. conducts borrower insurance reviews on behalf of financial institutions. The company has been in business for over 20 years. AMF Credit Corp. offers Commercial premium finance solutions for insureds across Canada. The company has been in business for 15 years.
 
In his spare time, Mr. Fredericks has spent 25 years teaching courses and marking final examination papers for the Insurance Institute of Canada.
Ms. Caroline (Cally) Hunt resides in Toronto and is Head, Finance Technology Transformation, Bank of Montreal.  She is responsible for modernizing process and technology to support the role of Finance as a strategic partner in driving business performance.  She is a member of the Chief Financial Officer’s Senior Executive Team, and the Bank’s Leadership Council on Inclusion and Diversity.   Ms Hunt has been at the Bank of Montreal since 1996, in increasingly more senior roles in accounting and finance.
 
 
Ms. Hunt received her LLB from the University of Western Ontario in 1980 and her Chartered Accountant designation in 1984.  She was made a Fellow of the Ontario CPA Institute in 2013.
 
Ms. Audrey H. Mak was appointed as a member of the Financial Services Tribunal on November 2, 2016. With over 25 years of experience in pension law and plan administration, Ms. Mak is currently the Executive Director, Operations & General Counsel at the OMERS Sponsors Corporation. Prior to taking on this position, Audrey served in various roles at the OMERS Administration Corporation including Vice-President, Pension Policy, Legal & Strategic Initiatives, and Associate General Counsel and Vice-President, Pension Legal. Before joining OMERS in January 2005, Ms. Mak was a partner at a national law firm where she practiced in the pension and benefits area. Ms. Mak obtained her LL.B and her Honours B.A. (Economics) from Western University, and was called to the bar in both Ontario and British Columbia. Ms. Mak obtained her ICD.D designation from the Institute of Corporate Directors in June 2016.
 

Mr. Christopher Portner was appointed a member of the Financial Services Tribunal on August 17, 2017.  He recently completed a six-year term as a Commissioner of the Ontario Securities Commission and, for the last two years of his term, was also the Lead Director of the Commission’s Board of Directors. Prior to joining the Commission, Mr.   Portner was a senior partner of Osler, Hoskin & Harcourt LLP with extensive experience leading major transactions and providing governance and strategic advice to corporations in banking and financial services, pension and private equity investments and in the electricity, nuclear energy and major corporate real estate sectors.  He also served as one of the Managing Partners of his firm and as a director of a number of public, private and not-for-profit corporations.

 

Mr. Nicholas Savona has over 20 years of investment industry experience as an equity trader, chief compliance officer and adjudicator, including executive roles in sales and service at various firms, from traditional broker-dealers—large-scale and boutique—to alternative trading systems with global reach.  Nick is an advocate of intrapreneurship; his creation of a cross-border trading desk is but one example of the potential to build a business within a bank-owned dealer. At the same time, Nick contributed to the regulatory side of the industry as a member of IIROC’s Ontario District Hearing Panel from 2010-2019.


In 2017, Nick successfully transitioned his career to risk and compliance, becoming a Chief Compliance Officer and receiving several board appointments.  He serves as a member of IIROC’s Ontario District Council, the OSC’s Market Structure Advisory Committee and the Montreal Exchange’s Disciplinary Committee.


Nick has been a guest contributor to Traders’ Magazine and Markets Media on market structure issues. He has been a guest lecturer for Moody’s Analytics, and has written continuing education modules on best execution for IIROC registrants.

Nick holds an LL.M. from Osgoode Hall Law School with a specialty in Securities Law.
 
Mr. Faisal Siddiqi is a Managing Director, Actuarial with the University Pension Plan (Ontario). Prior to that he was employed with several major actuarial consulting firms and has been consulting on pension matters for over 30 years. In his role at UPP, Faisal manages all actuarial matters and supports the plan’s risk management and investment functions. Faisal graduated with distinction from the University of Waterloo with a Bachelor of Mathematics degree in Actuarial Science with a minor in Statistics. He is a Fellow of the Society of Actuaries and Canadian Institute of Actuaries and is a frequent speaker at many pension and actuarial meetings. He has participated in many Society of Actuaries and Canadian Institute of Actuaries professional exam and pension industry committees.

 

Mr. Ed Skwarek was appointed as a member of the Financial Services Tribunal on March 18, 2020. Ed is currently Vice President of Legal and Regulatory matters at The Financial Advisors Association of Canada.  In this capacity he oversees all internal legal matters, in addition to working with regulators in the financial services sector and governments in reviewing, assessing, and commenting on legal and regulatory reforms impacting financial services, insurance, and capital markets.  He also oversaw the Public Relations, Marketing, and Communications and undertook to rebuild these teams.

 

Ed writes extensively on issues of reform within the broader financial services sector. He has worked for a major Bay Street law firm, securities regulators, product developers and distributors. Ed holds a B.A. from York University, an LL.B. from the University of Windsor, and has two specialists LL.M. from the London School of Economics in Corporate and Securities Law, and International Business Law.

 

 

Ms. Jill M. Wagman is currently Managing Principal of Eckler Ltd. and Chair of Eckler’s Board of Directors. She is a qualified actuary (FSA, FCIA) with 30 years of pension consulting experience and has her ICD.D designation.

 

Jill was appointed as a member of the Financial Services Tribunal (FST) of Ontario December 17, 2013. From 2009-2016 she served as a member of the Actuarial Standards Oversight Council (ASOC), acting as Vice-Chair from 2015-2016. Jill also served on the pension committee of the board of Queen’s University from 2013-2016.

 

Jill has served as a member of several other industry and professional committees including chairing the Task Force on International Pension and Employee Benefit Standards and acting as the CIA representative to the International Actuarial Association’s Pension and Employee Benefits Committee. She has also served as a member of the Canadian Accounting Standards Board’s Employee Benefits Advisory Group, the Canadian Institute of Chartered Accountants (CICA) Employee Future Benefits Implementation Guide Working Group, the Canadian Institute of Actuaries (CIA) Committee on Relations with Other Professions, the Committee on the Actuarial Valuation of Post-Employment Benefit Plans and has chaired the Workers’ Compensation Committee. Jill graduated with distinction from the University of Waterloo with an Honours Bachelor of Mathematics in 1990, and from the ICD-Rotman Directors Education Program in March 2017.

 

The Financial Services Tribunal meets quarterly.