Appointment of Public Member to the Toronto Investment Board

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The decision

2026-03-25 · Toronto City Council · adopted

As filed

City Council on March 25 and 26, 2026, adopted the following: 1. City Council appoint Lovisa McCallum to the Toronto Investment Board, at pleasure of Council, for a term of office ending on March 28, 2030, and until a successor is appointed. 2. City Council direct that Confidential Attachments 1a, 1b, and 2 to 4 to the report (February 18, 2026) from the City Clerk remain confidential in their entirety as they relate to personal matters about identifiable individuals being considered for appointment to the Toronto Investment Board.

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Confidential Attachments 1a, 1b, and 2 to 4 to the report (February 18, 2026) from the City Clerk remain confidential in their entirety in accordance with the provisions of the City of Toronto Act, 2006, as they relate to personal matters about identifiable individuals being considered for appointment to the Toronto Investment Board.

On the agenda

As the city filed it

The Civic Appointments Committee will conduct interviews and recommend one candidate to City Council for appointment to the Toronto Investment Board.

Staff recommended

The City Clerk recommends that: 1. The Civic Appointments Committee recommend one candidate to City Council for appointment to the Toronto Investment Board, at pleasure of Council, for a term of office ending on March 28, 2030, and until a successor is appointed. 2. City Council direct that Confidential Attachments 1a, 1b, and 2 to 4 remain confidential in their entirety as they relate to personal matters about identifiable individuals being considered for appointment to the Toronto Investment Board.

Considered

2026-02-27 · Civic Appointments Committee · amended
Decision as filed
The Civic Appointments Committee recommends that: 1. City Council appoint Lovisa McCallum to the Toronto Investment Board, at pleasure of Council, for a term of office ending on March 28, 2030, and until a successor is appointed. 2. City Council direct that Confidential Attachments 1a, 1b, and 2 to 4 to the report (February 18, 2026) from the City Clerk remain confidential in their entirety as they relate to personal matters about identifiable individuals being considered for appointment to the Toronto Investment Board.
Clerk’s note
Candidate's Biography Lovisa McCallum Lovisa McCallum is a senior financial executive with 34 years of experience in BMO Capital Markets, where she managed large investment portfolios and oversaw liquidity and capital management for a $450B balance sheet. She established and led businesses across structured products, mortgage funding, fixed income and credit markets within rigorous regulatory and risk frameworks. Lovisa has served on public-sector boards for 20 years, including as Board Chair and Finance and Audit Chair at Michael Garron Hospital, overseeing strategy, financial stewardship and enterprise risk.
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She recently joined the Humber River Health Board, continuing her decades-long commitment to community service in Toronto as a trusted leader supporting transparency, accountability and strong fiduciary standards. Lovisa holds the Chartered Financial Analyst and Institute of Corporate Directors, Director designations and a Bachelor of Commerce in Finance, bringing deep expertise in investment oversight, financial governance and long-term institutional stewardship.
2026-03-25 · Toronto City Council · adopted
Clerk’s note
Appointee's Biography Lovisa McCallum Lovisa McCallum is a senior financial executive with 34 years of experience in BMO Capital Markets, where she managed large investment portfolios and oversaw liquidity and capital management for a $450B balance sheet. She established and led businesses across structured products, mortgage funding, fixed income and credit markets within rigorous regulatory and risk frameworks. Lovisa has served on public-sector boards for 20 years, including as Board Chair and Finance and Audit Chair at Michael Garron Hospital, overseeing strategy, financial stewardship and enterprise risk.
Show the rest of Clerk’s note, 468 more characters as filed
She recently joined the Humber River Health Board, continuing her decades-long commitment to community service in Toronto as a trusted leader supporting transparency, accountability and strong fiduciary standards. Lovisa holds the Chartered Financial Analyst and Institute of Corporate Directors, Director designations and a Bachelor of Commerce in Finance, bringing deep expertise in investment oversight, financial governance and long-term institutional stewardship.

On the record

The item as the City filed it