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←Toronto Investment Board · 2025-09-26 · 2025.IB12.6

The filed record

Investment Consultant Contract - Option to Extend

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The decision

2025-09-26 · Toronto Investment Board · deferred

As filed

The Toronto Investment Board: 1. Deferred consideration of this item until the next special meeting called by the Chair.

On the agenda

As the city filed it

This report provides a review and recommendation regarding the investment consultant (Aon) for the Toronto Investment Board. The current contract with Aon is for three years with an option to extend for another two years. The current contract was awarded by the Board at its meeting on December 16, 2022 with Aon to provide services from 2023 to 2026, with the option to extend the contract for another two years. City staff

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recommend to extend this contract for another two years based on the Evaluation Scorecard found in Confidential Attachment 1 of this report.

Staff recommended

The Director, Capital Markets recommends that: 1. The Toronto Investment Board direct that the confidential information contained in Confidential Attachment 1 to this report (September 7, 2025) remain confidential in its entirety, as it contains information that involves the security of property belonging to the City or one of its agencies or corporations. 2. The Toronto Investment Board extend the contract for the investment

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consultant (Aon) for an additional two years and authorize the Chair or Vice-Chair of the Investment Board to execute such agreements on behalf of the Investment Board.

    On the record

    The item as the City filed it

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