Evan Siddall

{{Short description|Canadian businessman (born 1965)}}

{{Use mdy dates|date=February 2024}}

{{Infobox president

| name = Evan Siddall

| image = Evan Siddall (born 1965) at World Economic Forum Davos 2024.png

| caption = At the 2024 World Economic Forum

| office1 = CEO of Alberta Investment Management Corporation

| term_start1 = July 1, 2021

| term_end1 = November 3, 2024

| predecessor1 = Kevin Uebelein

| office2 = President & CEO of the Canada Mortgage & Housing Corporation

| term_start2 = 2014

| term_end2 = 2021

| predecessor2 = Karen Kinsley

| successor2 = Romy Bowers

| office3 = Special Advisor to the Governor of the Bank of Canada

| term_start3 = 2010

| term_end3 = 2014

| predecessor3 = Tim Hodgson

| successor3 = Lynn Paterson

| birth_date = {{birth year and age|1965}}

| birth_place = Toronto, Ontario, Canada

| children = 2

| alma_mater = Osgoode Hall Law School

University of Guelph

| signature =

| signature_alt =

}}

Evan Siddall (born 1965) is a Canadian businessman who served as Chief Executive Officer of the Alberta Investment Management Corporation from 2021 to 2024.{{cite web|url=https://www.aimco.ca/insights/ceo-appointment-and-2020-performance-results|title=CEO Appointment and 2020 Performance Results|website=CEO Appointment and 2020 Performance Results|accessdate=15 April 2021}} Previously, he served as the CEO of Canada’s state-owned housing authority, the Canada Mortgage and Housing Corporation, following a career in investment banking.{{Cite news|title=CMHC eases mortgage insurance rules, admits tightening was a mistake|url=https://www.theglobeandmail.com/business/article-federal-mortgage-insurer-reverses-pandemic-lending-changes-in-face-of/|access-date=2021-09-14}}

Background

Siddall holds a B.A. in Management Economics from the University of Guelph, and an LL.B. from Osgoode Hall Law School, York University. He also completed the President's Program in Leadership executive education program at Harvard Business School.

=Career=

Siddall was appointed CEO of AIMCo effective July 1, 2021 and has been credited with transforming its leadership and strategy around a renewed focus on clients following significant trading losses in 2020.{{cite web|url=https://www.theglobeandmail.com/business/article-aimco-evan-siddall-pension-plans-alberta/|title=AIMCo CEO focuses on rebuilding damaged client relationships in Alberta while avoiding political fights|work=The Globe and Mail |date=September 29, 2023 |accessdate=17 November 2023}}

Previously, Siddall served as President & Chief Executive Officer of the Canada Mortgage and Housing Corporation (CMHC) from January, 2014 to April, 2021. He was appointed CEO of CMHC for a five-year term effective January 1, 2014. Siddall's role entailed leading CMHC as it implemented Canada’s 10-year National Housing Strategy.{{cite web|url=https://www.placetocallhome.ca|title=Canada's First Ever National Housing Strategy - A Place to Call Home|website=A Place to Call Home|accessdate=23 June 2018}} In 2018, Siddall's term was renewed for another two years, to December 2020.[https://www.cmhc-schl.gc.ca/en/media-newsroom/news-releases/2018/government-canada-leadership-transformation-extension-term-cmhc-president Government of Canada ensures continuity of leadership during period of transformation, announces extension of term for CMHC President]. On Tuesday, January 14, 2020, Siddall announced that he would not be renewing his term at CMHC,McClelland, Colin. {{cite web|url=https://business.financialpost.com/real-estate/mortgages/cmhc-head-evan-siddall-announces-departure-says-he-wont-seek-term-renewal|title=CMHC head Evan Siddall announces departure, says he won't seek term renewal|website=Financial Post|accessdate=16 January 2020}} though on December 18, 2020, he agreed to stay on as President and CEO of CMHC until a new CEO is appointed.[https://www.cmhc-schl.gc.ca/en/media-newsroom/news-releases/2020/government-canada-extends-term-cmhc-president Government of Canada Extends Term for CMHC President]. Siddall has been a vocal defender of the Trudeau government's mortgage stress test to limit house price growth by making it harder to qualify for a mortgage in Canada.{{Cite web|url=https://business.financialpost.com/real-estate/cmhc-head-forcefully-defends-mortgage-stress-test-as-calls-grow-to-loosen-rules|title=CMHC head issues sharp defence of mortgage stress test as calls grow to loosen rules {{!}} Financial Post|last=Estate|first=Real|date=2019-05-23|language=en-CA|access-date=2019-10-19}}{{Cite news|url=https://www.theglobeandmail.com/business/article-easing-the-mortgage-stress-test-would-increase-debt-bump-housing/|title='Lobby is on the wrong side of this issue': CMHC head takes on real estate industry with defence of mortgage stress tests|access-date=2019-10-19}}

Siddall entered public service in 2010, joining the Bank of Canada as Special Advisor to the Governor and the Bank’s Senior Representative in Toronto, Canada’s financial centre.

Siddall spent five years at Burns Fry Limited (later BMO Nesbitt Burns) (1989-1994) before leaving as Managing Director to become a Vice President of Goldman Sachs & Co in 1997. Promoted to Managing Director in 2001, he left Goldman in 2002 to join Lazard Frères & Co as Resident Managing Director and Head of Canada. Siddall joined Fort Reliance Limited, the parent company of Irving Oil Limited, as Corporate Finance Officer in 2009.

Siddall is a former chair of the Board of Governors of the University of Guelph, 2008-2011, and the Council of Chairs of Ontario Universities.{{cite web|url= https://www.uoguelph.ca/secretariat/boardofgovernors#:~:text=The%20eighteenth%2C%20and%20current%2C%20Chair,Brown%20Andison%2C%20B.Sc.|title=Past Chairs of the Board of Governors|accessdate=10 August 2024}} He was also a former faculty member and founding member of the Advisory Board of the Max Bell School of Public Policy at McGill_University.{{cite web|url=https://www.mcgill.ca/maxbellschool/our-people/past-advisory-board-members|title=Past Advisory Board Members|accessdate=10 August 2024}}

He is a past president of the Power Plant Contemporary Art Gallery and the Osler Bluff Ski Club. Siddall is also a co-founder of craft brewery Side Launch Brewing Co.{{cite web|url=https://www.sidelaunchbrewing.com/|title=HOME|website=Side Launch Brewing Company|accessdate=23 June 2018}} In 2022, Siddall was honoured with a Catalyst award for his work in promoting women and diversity, equity, and inclusion.{{cite web|url=https://www.catalyst.org/bio/evan-siddall/|title=Catalyst - Evan Siddall|accessdate=17 November 2023}}

Siddall is formerly a Nonresident Senior Fellow of the Brookings Institution{{cite web|url=https://www.brookings.edu/people/evan-siddall/|title=Evan Siddall, Nonresident senior fellow|accessdate=17 November 2023}} and attended the annual meeting of the Bilderberg Group in Madrid in 2024.{{cite web|url=https://bilderbergmeetings.org/meetings/meeting-2024/participants-2024|title=List of Participants 2024|accessdate=10 August 2024}}

=Personal life=

Siddall was born in Toronto, Ontario, grew up in Georgetown, Ontario and attended Bishop Macdonell Catholic High School in Guelph, Ontario. He is married to Sonia Verma, a Canadian news executive and former foreign correspondent.

Siddall, who was diagnosed with early-onset Parkinson's disease in 2014, founded an annual cycling fundraiser for Parkinson's, the Growling Beaver Brevet, which has raised over CAD$4 million for Parkinsons charities.{{cite web|url=https://www.growlingbeaver.com/|title=Growling Beaver Brevet|website=Growling Beaver Brevet|accessdate=23 June 2018|archive-date=May 7, 2021|archive-url=https://web.archive.org/web/20210507010134/https://www.growlingbeaver.com/|url-status=dead}} He served on the board of the Davis Phinney Foundation from 2016-2020.

References

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