Item - 2025.IB12.6
Tracking Status
- This item was considered by Toronto Investment Board on September 26, 2025. The Toronto Investment Board postponed consideration of this item. Consult the text of the decision for further information on the deferral.
IB12.6 - Investment Consultant Contract - Option to Extend
- Decision Type:
- ACTION
- Status:
- Deferred
- Wards:
- All
Confidential Attachment - Security of property belonging to the City of Toronto or the Toronto Investment Board.
Board Decision
The Toronto Investment Board:
1. Deferred consideration of this item until the next special meeting called by the Chair.
Decision Advice and Other Information
Randy LeClair, Director, Capital Markets gave a verbal update on Investment Consultant Contract - Option to Extend.
The Toronto Investment Board recessed its public session to meet in closed session to consider this item as it relates to the security of property belonging to the City of Toronto and the Toronto Investment Board.
Origin
Summary
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 recommend to extend this contract for another two years based on the Evaluation Scorecard found in Confidential Attachment 1 of this report.
Background Information
https://www.toronto.ca/legdocs/mmis/2025/ib/bgrd/backgroundfile-258498.pdf
Confidential Attachment 1 - Investment Consultant (Aon) Evaluation Scorecard
Motions
The Toronto Investment Board:
1. Defer consideration of this item until the next special meeting called by the Chair.