Item - 2024.CA16.4

Appointees' biographies

Sharon Castelino

Sharon Castelino, Master of Business Administration, Master of Laws and Institute of Corporate Directors Designation has an exemplary track record within the financial services industry for over 30 years and as a Corporate Director for nearly 20 years.  Her direct responsibilities have included billion dollar profits and losses and multi-disciplinary teams across global jurisdictions. She completed her Master of Laws from Osgoode Hall Law School and her Master of Business Administration with Distinction from the Ivey Business School, awarded the prestigious Ivey Scholar.

Mary Chang

Mary Chang has over 20 years of investment management and consulting experience in private markets. Her expertise includes advising, implementing, and managing investments across a broad range of asset classes. She is a board member of the Toronto Mendelssohn Choir and Street Haven at the Crossroads. Mary holds a Master of Business Administration in Finance from the University of British Columbia, an Honours Bachelor of Arts from the University of Western Ontario, and is Chartered Financial Analyst Charterholder.   

Mari Jensen

Mari is Head of Treasury at MUFG Bank Canada, where she also serves on the Executive Committee of Canada. Mari has over 25 years of progressive experience in the financial services industry. She has served on the Board of Chartered Financial Analyst Society Toronto since 2019 (Chair from 2022-23); and on the Board of Women in Capital Markets from 2011 to 2019 (Chair from 2016-18). Mari earned an Master of Business Administration in 2004 and Bachelor of Business Administration in Finance in 2001, from Simon Fraser University. She holds the Chartered Financial Analyst designation.

Colin Lynch

Colin is Managing Director, Head of Alternative Investments at Toronto Dominion Asset Management overseeing $39 billion of investments in global real estate, infrastructure, private debt and mortgages. Colin holds a Bachelor of Arts and Bachelor of Commerce from Queen’s University, a Master of Business Administration from Harvard University, and an Associate Diploma (ARCT) with Honours from the Royal Conservatory of Music. Colin was named one of Canada's Top 40 under 40, is a board member of the Toronto Investment Board, Sunnybrook and Black Opportunity Fund and Emeritus Trustee of Queen's University.

The Civic Appointments Committee recommends that:  

1. City Council appoint the following four candidates to the Toronto Investment Board, at pleasure of Council, for a term of office ending May 25, 2028, and until successors are appointed:

Sharon Castelino;

Mary Chang, beginning on June 1, 2024;

Mari Jensen; and

Colin Lynch.

2. City Council appoint Colin Lynch as Chair of the Toronto Investment Board, at pleasure of Council, for a term of office beginning on June 1, 2024, and ending May 25, 2028, and until a successor is appointed.

3. City Council direct that Confidential Attachments 1 to 4 to the report (April 18, 2024) 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.

Candidates' biographies

Sharon Castelino

Sharon Castelino, Master of Business Administration, Master of Laws and Institute of Corporate Directors Designation has an exemplary track-record within the financial services industry for over 30 years and as a Corporate Director for nearly 20 years.  Her direct responsibilities have included billion dollar profits and losses and multi-disciplinary teams across global jurisdictions. She completed her Master of Laws from Osgoode Hall Law School and her Master of Business Administration with Distinction from the Ivey Business School, awarded the prestigious Ivey Scholar.

Mary Chang

Mary Chang has over 20 years of investment management and consulting experience in private markets. Her expertise includes advising, implementing, and managing investments across a broad range of asset classes. She is a board member of the Toronto Mendelssohn Choir and Street Haven at the Crossroads. Mary holds an Master of Business Administration in Finance from the University of British Columbia, an Honours Bachelor of Arts from the University of Western Ontario, and is Chartered Financial Analyst Charterholder.   

Mari Jensen

Mari is Head of Treasury at MUFG Bank Canada, where she also serves on the Executive Committee of Canada. Mari has over 25 years of progressive experience in the financial services industry. She has served on the Board of Chartered Financial Analyst Society Toronto since 2019 (Chair from 2022-23); and on the Board of Women in Capital Markets from 2011 to 2019 (Chair from 2016-18). Mari earned an Master of Business Administration in 2004 and Bachelor of Business Administration in Finance in 2001, from Simon Fraser University. She holds the Chartered Financial Analyst designation.

Colin Lynch

Colin is Managing Director, Head of Alternative Investments at Toronto Dominion Asset Management overseeing $39 billion of investments in global real estate, infrastructure, private debt and mortgages. Colin holds a Bachelor of Arts and Bachelor of Commerce from Queen’s University, a Master of Business Administration from Harvard University, and an Associate Diploma (ARCT) with Honours from the Royal Conservatory of Music. Colin was named one of Canada's Top 40 under 40, is a board member of the Toronto Investment Board, Sunnybrook and Black Opportunity Fund and Emeritus Trustee of Queen's University.

The Civic Appointments Committee will conduct interviews and recommend four candidates, including a Chair, to City Council for appointment to the Toronto Investment Board.