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Evan Siddall

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Evan Siddall
At the 2024 World Economic Forum
CEO of Alberta Investment Management Corporation
Incumbent
Assumed office
July 1, 2021
Preceded byKevin Uebelein
President & CEO of the Canada Mortgage & Housing Corporation
In office
2014–2021
Preceded byKaren Kinsley
Succeeded byRomy Bowers
Special Advisor to the Governor of the Bank of Canada
In office
2010–2014
Preceded byTim Hodgson
Succeeded byLynn Paterson
Personal details
Born1965 (age 58–59)
Toronto, Ontario, Canada
Children2
Alma materOsgoode Hall Law School University of Guelph

Evan Siddall (born 1965) is the Chief Executive Officer of the Alberta Investment Management Corporation.[1] Previously, he served as the CEO of Canada’s state-owned housing authority, the Canada Mortgage and Housing Corporation, following a career in investment banking.[2]

Background

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Siddall holds a B.A. in Management Economics from the University of Guelph, and an LL.B. from Osgoode Hall Law School, York University. He also completed the President's Program in Leadership executive education program at Harvard Business School.

Career

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Siddall was appointed CEO of AIMCo effective July 1, 2021 and has been credited with transforming its leadership and strategy around a renewed focus on clients following significant trading losses in 2020.[3]

Previously, Siddall served as President & Chief Executive Officer of the Canada Mortgage and Housing Corporation (CMHC) from January, 2014 to April, 2021. He was appointed CEO of CMHC for a five-year term effective January 1, 2014. Siddall's role entailed leading CMHC as it implemented Canada’s 10-year National Housing Strategy.[4] In 2018, Siddall's term was renewed for another two years, to December 2020.[5] On Tuesday, January 14, 2020, Siddall announced that he would not be renewing his term at CMHC,[6] though on December 18, 2020, he agreed to stay on as President and CEO of CMHC until a new CEO is appointed.[7] Siddall has been a vocal defender of the Trudeau government's mortgage stress test to limit house price growth by making it harder to qualify for a mortgage in Canada.[8][9]

Siddall entered public service in 2010, joining the Bank of Canada as Special Advisor to the Governor and the Bank’s Senior Representative in Toronto, Canada’s financial centre.

Siddall spent five years at Burns Fry Limited (later BMO Nesbitt Burns) (1989-1994) before leaving as Managing Director to become a Vice President of Goldman Sachs & Co in 1997. Promoted to Managing Director in 2001, he left Goldman in 2002 to join Lazard Frères & Co as Resident Managing Director and Head of Canada. Siddall joined Fort Reliance Limited, the parent company of Irving Oil Limited, as Corporate Finance Officer in 2009.

Siddall is a former chair of the Board of Governors of the University of Guelph, 2008-2011, and the Council of Chairs of Ontario Universities.[10] He was also a former faculty member and founding member of the Advisory Board of the Max Bell School of Public Policy at McGill_University.[11] He is a past president of the Power Plant Contemporary Art Gallery and the Osler Bluff Ski Club. Siddall is also a co-founder of craft brewery Side Launch Brewing Co.[12] In 2022, Siddall was honoured with a Catalyst award for his work in promoting women and diversity, equity, and inclusion.[13]

Siddall is formerly a Nonresident Senior Fellow of the Brookings Institution[14] and attended the annual meeting of the Bilderberg Group in Madrid in 2024.[15]

Personal life

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Siddall was born in Toronto, Ontario, grew up in Georgetown, Ontario and attended Bishop Macdonell Catholic High School in Guelph, Ontario. He is married to Sonia Verma, a Canadian news executive and former foreign correspondent.

Siddall, who was diagnosed with early-onset Parkinson's disease in 2014, founded an annual cycling fundraiser for Parkinson's, the Growling Beaver Brevet, which has raised over CAD$3 million for Parkinsons charities.[16] He served on the board of the Davis Phinney Foundation from 2016-2020.

References

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  1. ^ "CEO Appointment and 2020 Performance Results". CEO Appointment and 2020 Performance Results. Retrieved April 15, 2021.
  2. ^ "CMHC eases mortgage insurance rules, admits tightening was a mistake". Retrieved September 14, 2021.
  3. ^ "AIMCo CEO focuses on rebuilding damaged client relationships in Alberta while avoiding political fights". Retrieved November 17, 2023.
  4. ^ "Canada's First Ever National Housing Strategy - A Place to Call Home". A Place to Call Home. Retrieved June 23, 2018.
  5. ^ Government of Canada ensures continuity of leadership during period of transformation, announces extension of term for CMHC President.
  6. ^ McClelland, Colin. "CMHC head Evan Siddall announces departure, says he won't seek term renewal". Financial Post. Retrieved January 16, 2020.
  7. ^ Government of Canada Extends Term for CMHC President.
  8. ^ Estate, Real (May 23, 2019). "CMHC head issues sharp defence of mortgage stress test as calls grow to loosen rules | Financial Post". Retrieved October 19, 2019.
  9. ^ "'Lobby is on the wrong side of this issue': CMHC head takes on real estate industry with defence of mortgage stress tests". Retrieved October 19, 2019.
  10. ^ "Past Chairs of the Board of Governors". Retrieved August 10, 2024.
  11. ^ "Past Advisory Board Members". Retrieved August 10, 2024.
  12. ^ "HOME". Side Launch Brewing Company. Retrieved June 23, 2018.
  13. ^ "Catalyst - Evan Siddall". Retrieved November 17, 2023.
  14. ^ "Evan Siddall, Nonresident senior fellow". Retrieved November 17, 2023.
  15. ^ "List of Participants 2024". Retrieved August 10, 2024.
  16. ^ "Growling Beaver Brevet". Growling Beaver Brevet. Archived from the original on May 7, 2021. Retrieved June 23, 2018.
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