Item - 2019.IB5.7

Tracking Status

This item was considered by Toronto Investment Board on December 4, 2019 and was adopted without amendment.

IB5.7 - Overview of the Performance of the Investment Consultant Aon Hewitt

Decision Type:: ACTION

Status:: Adopted

Wards:: All

Board Decision

The Toronto Investment Board received the report (December 3, 2019) from the Director, Capital Markets for information.

Decision Advice and Other Information

The Toronto Investment Board recessed its public session to meet in closed session to consider this item, as it relates to certain information belonging to the municipality/local board that has or may have monetary value.

Origin

(December 3, 2019) Report from the Director, Capital Markets

Summary

Aon Hewitt is the investment consultant for the Toronto Investment Board. The purpose of the consultant is to provide services to support the Board's activities. The contract with Aon Hewitt expires on January 14, 2021 with an option to extend for a two year term at the Board's discretion. City staff are providing this report for information in preparation of this contract deadline.

Background Information

(December 3, 2019) Report from the Director, Capital Markets on Overview of the Performance of the Investment Consultant Aon Hewitt
https://www.toronto.ca/legdocs/mmis/2019/ib/bgrd/backgroundfile-140909.pdf
Attachment 1 - Checklist of Investment Consultant Objectives and Results
https://www.toronto.ca/legdocs/mmis/2019/ib/bgrd/backgroundfile-140875.pdf

Motions

Motion to Add New Business at Committee moved by Sharon Ranson (Carried)

Motion to Meet in Closed Session moved by John Crocker (Carried)

4:49 p.m. - That the Toronto Investment Board recess its public session to meet in closed session to consider this item, as it relates to certain information belonging to the municipality/local board that has or may have monetary value.

Motion to Adopt Item moved by Heather Taylor (Carried)