Sonia Baxendale

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Sonia Ameena Baxendale is a Canadian executive in the financial services industry. She received her undergraduate degree from the

Foresters[3] and in 2019 she was named President and CEO of the Global Risk Institute.[4][5]

Biography

Baxendale obtained her undergraduate degree from the University of Toronto - Victoria College and went to work for American Express Canada and Saatchi & Saatchi before joining CIBC in 1992.

Baxendale held various leadership roles at CIBC including Senior Executive Vice-President, CIBC Wealth Management,[6] Executive Vice-President, Asset Management, Card Products and Collections,[7] and Executive Vice-President of Global Private Banking and Investment Management Services.[8] Under her leadership of the Retail Market, CIBC became Canada's largest issuer of Visa and MasterCard.[9]

In 2011, Baxendale retired from CIBC during a reorganization of the executive leadership team.[10][11][12]

From July 2017 to January 2018, Baxendale served as Co-Interim President and CEO of Foresters Financial until Jim Boyle was hired as full time CEO. She remains a member of Forrester's Board of Directors - a role she has held since 2012.[13][14] She also serves on the boards of Laurentian Bank and CI Financial[15] and is a non-executive board member at RSA.[16]

In December 2019 the Global Risk Institute announced that Baxendale would replace Richard Nesbitt as CEO effective January 7, 2020.[17]

Baxendale now serves on a number of private and not-for-profit boards including the University of Toronto's

The Hospital for Sick Children.[19]

Baxendale also served as a member of the Board of Directors for the Toronto Symphony Orchestra from 2012 to 2016.[20] The TSO has undergone a number of leadership changes; Jeff Melanson resigned as president and chief executive officer (CEO) of the Toronto Symphony Orchestra (TSO) after only serving 18 months.[21] The orchestra announced that Sonia Baxendale would assume the interim role for six months while a replacement for Melanson was found.

Awards and honors

In 2000 Baxendale was recognized as one of the Top 40 Under 40 in Canada[22] She was inducted to Canada's Most Powerful Women: Top 100™ Hall of Fame in 2010 after having won the annual award three years in a row.[23][24][1]

She is a recipient of the University of Toronto, Victoria College Alumni of Distinction award in 2017.[25]

References

  1. ^ a b "CIBC Senior Executive Sonia Baxendale inducted into Canada's Most PowerfulWomen: Top 100™ Hall Of Fame". www.newswire.ca. Retrieved October 31, 2020.
  2. ^ Critchley, John Greenwood and Barry. "CIBC shakes up senior ranks". www.ottawacitizen.com. Retrieved November 1, 2020.
  3. ^ "Foresters Financial announces departure of CEO Anthony Garcia". Insurance Portal (in French). Retrieved November 1, 2020.
  4. ^ "Sonia Baxendale begins as GRI's new President and CEO". globalriskinstitute.org. Retrieved October 30, 2020.
  5. ^ "GRI Senior Management". globalriskinstitute.org. Retrieved October 30, 2020.
  6. ^ "Mrs. Sonia Baxendale (Senior Executive Vice-President, Retail Markets, Canadian Imperial Bank of Commerce) at the Finance Committee | openparliament.ca". openparliament.ca. Retrieved November 1, 2020.
  7. ^ "Who'll be the first female bank CEO?". Retrieved November 1, 2020.
  8. ^ "CIBC Retail Markets Investor Forum Conference Call" (PDF).
  9. ISSN 1486-8008
    . Retrieved November 1, 2020.
  10. ^ "Nesbitt gains advantage in CIBC shift". Retrieved November 1, 2020.
  11. ^ "CIBC shuffles executives in major shake-up". National Post. Retrieved October 30, 2020.
  12. ^ "CIBC's Baxendale leaves in management shakeup". Reuters. March 28, 2011. Retrieved October 30, 2020.
  13. ^ Foresters. "Sonia Baxendale joins Foresters Board of Directors". www.newswire.ca (in French). Retrieved October 31, 2020.
  14. ^ "Sonia A. Baxendale | Foresters Financial". www.foresters.com. Retrieved October 31, 2020.
  15. ^ Inc, CI Investments. "CI Financial appoints two new directors". www.newswire.ca. Retrieved October 31, 2020. {{cite web}}: |last= has generic name (help)
  16. ^ "RSA appoints Sonia Baxendale as a Non-Executive Board Director – RSA Group". www.rsagroup.com. Retrieved October 31, 2020.
  17. ^ "Sonia Baxendale tapped to lead the Global Risk Institute in Financial Services". Church. December 28, 2018. Retrieved October 31, 2020.
  18. doi:10.1093/ww/9780199540884.013.44811
    , retrieved October 30, 2020
  19. ^ Children, The Hospital for Sick. "Sonia Baxendale". www.sickkids.ca. Retrieved October 31, 2020.
  20. ^ "Toronto Symphony Orchestra board chair and directors resign". thestar.com. December 19, 2016. Retrieved November 1, 2020.
  21. ^ "Toronto Symphony Orchestra CEO Jeff Melanson steps down". Retrieved November 1, 2020.
  22. ^ "2000 – Canada's Top 40 Under 40".
  23. ^ "Financial services execs make list of Canada's most powerful women for 2010". Investment Executive. November 29, 2010. Retrieved October 31, 2020.
  24. ^ "WOMEN'S EXECUTIVE NETWORK ANNOUNCES CANADA'S MOST POWERFUL WOMEN FOR 2010". www.newswire.ca. Retrieved October 31, 2020.
  25. ^ "Distinguished Alumni Award » Victoria College". www.vic.utoronto.ca. Retrieved October 31, 2020.
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