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Blake Goldring

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Blake Goldring
NationalityCanadian
Alma materUniversity of Toronto, INSEAD
Occupation(s)Executive Chairman of AGF Management Limited, businessman, entrepreneur, philanthropist
SpouseBelinda (Priebe) Goldring

Blake Charles Goldring MSM, CD, LL.D, CFA is a Canadian business leader, philanthropist, and entrepreneur. He is Executive Chairman [1]of AGF Management Limited, an independent Canadian-based investment management firm serving retail and institutional investors since 1957. Under Goldring's leadership, AGF has grown its assets to approximately [2]$36 billion in 2018.[3] Goldring is also chairman of Canada Company: Many Ways to Serve, a non-partisan organization he founded in 2006 to bring together community leaders across Canada to support the Canadian military and their families.

Early life and education

Blake Goldring is the second eldest of five children born to C. Warren Goldring and Barbara (Dowd) Goldring. Goldring attended St. Andrew's Junior High and York Mills Collegiate Institute in Toronto.

Goldring attended Victoria College at the University of Toronto, graduating from the school with an honours degree in economics.[4][5] In his fourth year, he became the national vice president of AIESEC, a student-led commerce and economics organization, based at the time in Montreal. Following this appointment, he transferred to McGill University to fulfill his duties as president and complete his undergraduate degree. He went on to pursue graduate studies at INSEAD in France,[6] where he earned a Master of Business Administration [MBA].[6]

In 1984, he became a Fellow of the Institute of Canadian Bankers (FICB).

In 1996, Goldring earned the Chartered Financial Analyst (CFA) designation.

In 2008, Goldring received an honorary Doctor of Laws degree from the Royal Military College.[7]

Career

Early career

Following his graduation from INSEAD, Goldring joined the Bank of Montreal (BMO).[5] At BMO, Goldring worked in international banking, and later, corporate banking, and was based in Toronto for five years.

Career at AGF

In late 1987, Goldring left BMO to work at AGF.[5] He started as an analyst working on the firm's Japanese investment portfolios, and in 1989, he assumed responsibilities for the Quebec and Eastern sales regions.[5] In 1991, his responsibilities expanded to developing AGF International Advisors Company Limited in Ireland, and in 1994, he was named head of Sales and Marketing for AGF.

In 1997, Goldring was named president and chief operating officer of AGF and three years later,[5] in 2000, he was named chief executive officer. In 2006, Goldring was appointed chairman and chief executive officer of AGF.[8]

In 2018, he made the decision to transition into a new role as Executive Chairman [9]for the firm, effective December 1, 2018.


Under Goldring, the firm acquired wealth management firms, including Global Strategy Holdings [2000], Cypress Capital Management [2004], Doherty & Associates Investment Counsel [2004], Highstreet Asset Management [2006], Acuity [2011], and FFCM [2015]. During the same period, the company built a Trust Company, AGF Trust, later [2012] sold to Laurentian Bank for $420 million, and Unisen, a third-party administration firm, sold in 2005 for $114 million to Citibank.

Goldring also oversaw the 2002 merger of NCL Investments into Smith & Williamson, a London, UK-based wealth management firm.

As chairman and chief executive officer, Goldring led the development of four strategic investment platforms at AGF to expand the firm's client base to include more institutional and high net-worth investors and diversify from its mutual fund origins.[10][11] The four platforms focus on institutional, private client, retail and alternative investment management.[10][12]

In addition, AGF has reinforced its roster of international portfolio offerings by launching ETFs in Canada and the US[13] and is an innovator in the development of environmentally sustainable investment solutions.

Community involvement

Honorary Colonel appointments

A lifelong history buff, Goldring became associated with The Royal Regiment of Canada in 1996. In 2005, he succeeded Major General (retired) Reginald W. Lewis, then Honorary Colonel of The Royal Regiment of Canada.[6] Goldring accepted the post and held the role of Honorary Colonel of The Royal Regiment of Canada from 2006 to 2011. During his tenure, His Royal Highness Prince Charles presented the regiment with its new colours in 2009[14], hosted the Toronto Garrison Officers' Ball in 2007 which raised $250,000 for hospitals in Afghanistan and re-badged the Arctic Bay Cadet Core with the Royal Regiment of Canada.

In 2011, Goldring was recognized for his support of the Canadian Army and was appointed as Canada's first-ever Honorary Colonel of the Canadian Army.[15] In 2016, the appointment was subsequently extended to November 2017.[16]

He retired in 2017 having served a total of 12 years with the Canadian Armed Forces.

Canada Company: Many Ways to Serve

Goldring is the founder of Canada Company[17], a charitable, non-partisan organization created in 2006 to connect business and community leaders with Canada’s military. Among its many initiatives, Canada Company awards scholarships to the children of fallen soldiers to assist with their post-secondary education. In addition, Canada Company created and administered the Military Employment Transition (MET) Program from 2012 to 2018. This program helped 3,600 Veterans find meaningful employment in the civilian workforce.

Other community involvement

As a long-standing participant and advocate for the Canadian financial industry and broader community, Goldring has been increasingly balancing his time across a number of organizations, including his involvement on the Board of C.D. Howe Institute  [18]and other industry organizations. He currently serves as a Director of Alignvest Management Corporation, a Member of the Business Council of Canada [19](formerly the Canadian Council of Chief Executives) and a Leadership Council Member of Toronto Finance International [20](formerly Toronto Financial Services Alliance).

Goldring serves as the board chair at Sunnybrook Health Sciences Centre in Toronto,[21] a director and chair at the C.D. Howe Institute, a director with the Jeanne Sauvé Foundation and as a director of the Canadian Film Centre.[22][23] In 2011, he served as co-chair for the Toronto Prosperity Initiative report with City Councillor Michael Thompson.[24] Goldring is active in The University of Toronto's alumni community. He has made large donations towards athletics, student life, programs and Soldiers' Tower.[25] In particular, he funded the Norman Jewison Stream in the Vic One program and was responsible, along with his sister Judy Goldring and father Warren Goldring, in building the Goldring Student Centre at Victoria University.[26]

Additionally, he is involved in the wider Canadian business community as a member of the Leadership Council of the Toronto Financial Services Alliance.[27] He is a member the IFIC Strategic Research Committee. He also sits on the advisory boards for the Lawrence National Centre of Policy and Management at Western University,[28] the Global Water Institute at Carleton University, the Mosaic Institute, and the Conference of Defense Associations Institute. Additionally, he is on the National Advisory Council for The Walrus, a Canadian general interest magazine on Canadian and international affairs.

Other causes and groups receiving support and funding include TAVI, establishing the Sherif & Mary-Lou Hanna Chair in Surgical Oncology Research at the Sunnybrook Health Sciences Centre,[29]The United Way, the Toronto Symphony Orchestra, the Canadian Film Centre, INSEAD, and an array of other charities.

Awards & Recognition

Over the span of his career, Goldring has served on a number of boards and committees and has earned awards both within and beyond the financial industry.

Past appointments include: past chair of the University of Toronto's World War I Commemoration Committee, past member of the board of governors of The Toronto Club, past chair of the Bishop's Company, past president and member of the board of directors of the National Club, past chair of the Bishop Strachan School Foundation, past vice chair and director of Investment Funds Institute of Canada, past director of the World Wildlife Fund (WWF) Canada, past international chair of INSEAD Alumni Fund (worldwide) and past vice chair of the Toronto Symphony Orchestra.[30]

In 2003, he was inducted into AIESEC Canada's Hall of Fame.

In 2007, he was the recipient of the Person of Influence Award at the Canadian Investment Awards Gala.

In 2009, he received the University of Toronto's Arbour Award.[31] For his work supporting the Canadian military, Goldring was awarded the Meritorious Service Medal by the Governor General of Canada.[7]

In 2011, he was honoured by the B'nai B'rith organization at its 2011 Award of Merit Dinner for his significant contributions for the betterment of society.[32]

In 2012, he received the Queen's Diamond Jubilee Medal.

In 2013, The Anglican Diocese of Toronto recognized him with the Order of the Diocese.[33]

In 2014, he was also recognized with the Vimy Award by the Canadian Defense Associations Institute for his contribution to strengthening the ties between the Canadian military and the public.[34]

In 2017, he was awarded the Canadian Forces Decoration (CD) upon completion of 12 years of service.[35]

Personal life

Goldring lives in Toronto, Canada with his wife and three daughters.[36]

References

  1. ^ "Blake C. Goldring Announces Decision to Transition to New Role as Executive Chairman Kevin McCreadie named Chief Executive Officer and Judy Goldring named President". www.agf.com. Retrieved 2018-11-30.
  2. ^ "AGF Reports October 2018 Assets Under Management". www.agf.com. Retrieved 2018-11-30.
  3. ^ "AGF Reports July 2018 Assets Under Management". August 3, 2018. Retrieved August 7, 2018.
  4. ^ "Blake C Goldring". University of Toronto Alumni Website. University of Toronto. Archived from the original on 2016-03-14. Retrieved 3 June 2016. {{cite web}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  5. ^ a b c d e Pitts, Gordon (September 8, 2008). "Blake Goldring: Bay Street veteran also walks on Military Row". The Globe and Mail. Retrieved December 24, 2015.
  6. ^ a b c Lang, Amanda (May 25, 2007). "Soldier of very good fortune". The Globe and Mail. Retrieved December 23, 2015.
  7. ^ a b Harman, Megan (March 27, 2011). "Goldring appointed first ever Honorary Colonel of the Army". Retrieved February 29, 2016.
  8. ^ "Blake C. Goldring, CFA, Chairman and Chief Executive Office". Globeinvestor.com. June 30, 2006. Retrieved December 24, 2015.
  9. ^ "Blake C. Goldring Announces Decision to Transition to New Role as Executive Chairman Kevin McCreadie named Chief Executive Officer and Judy Goldring named President". www.agf.com. Retrieved 2018-11-30.
  10. ^ a b Nelson, Jacqueline (October 13, 2014). "AGF chief seeks aggressive turnaround in tough fund industry". The Globe and Mail. Retrieved December 24, 2015.
  11. ^ "AGF at 60: Transformation is a work in progress". The Globe and Mail. Retrieved 2017-04-21.
  12. ^ "AGF eyes rich investors, airports to meet rising revenue outlook". Financial Post. Retrieved 2017-04-20.
  13. ^ Leeder, David (January 31, 2017). "AGF launches seven new ETFs". The Globe and Mail. Retrieved Dec 14, 2017.
  14. ^ Personnel, Government of Canada, National Defence, Chief Military. "Volume 3, Part 2: Infantry Regiments - THE ROYAL REGIMENT OF CANADA". www.cmp-cpm.forces.gc.ca. Retrieved 2018-08-07.{{cite web}}: CS1 maint: multiple names: authors list (link)
  15. ^ "Honorary Colonel Of The Army Appointed". March 26, 2011. Retrieved February 29, 2016.
  16. ^ "Army HCol Goldring's Retirement". Retrieved December 14, 2017.
  17. ^ "Our History - Canada Company". Canada Company. Retrieved 2018-11-30.
  18. ^ "CD Howe Board of Directors". {{cite web}}: Cite has empty unknown parameter: |dead-url= (help)
  19. ^ "Business Council Members". {{cite web}}: Cite has empty unknown parameter: |dead-url= (help)
  20. ^ "Toronto Finance International". {{cite web}}: Cite has empty unknown parameter: |dead-url= (help)
  21. ^ "Blake C Goldring - Board of Directors - Sunnybrook Hospital". sunnybrook.ca. Sunnybrook Hospital. Retrieved 3 June 2016.
  22. ^ "OLD GUARD& VANGUARD". June 2, 2007. Archived from the original on June 1, 2016. Retrieved February 29, 2016. {{cite news}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  23. ^ "Blake Goldring - Canadian Film Centre". CFC Creates.com. Canadian Film Centre. Retrieved 3 June 2016.
  24. ^ "Toronto Prosperity Initiative: Establishing the Path to Growth" (PDF). toronto.ca. May 16, 2011. Retrieved May 4, 2016.
  25. ^ "Goldrings Give $15.1 Million to Varsity, Victoria, Soldiers' Tower | Winter 2017 | University of Toronto Magazine". magazine.utoronto.ca. Retrieved 2017-01-09.
  26. ^ "The Goldring Student Centre Opens at Victoria College". urbantoronto.ca. Urban Toronto. Retrieved 2018-02-14.
  27. ^ "TFSA - Leadership Council". www.tfsa.ca. Toronto Financial Services Alliance. Retrieved 8 January 2018.
  28. ^ "Blake C. Goldring". Jeanne Sauvé Foundation. 2014-05-29. Retrieved 2017-01-05.
  29. ^ "2006 Report to Donors" (PDF). sunnybrook.ca. Retrieved 2018-02-14.
  30. ^ "2011-2012 Annual Report" (PDF). tso.ca. Retrieved 2018-02-14.
  31. ^ "2009 Arbor Awards Recipients". alumni.utoronto.ca. Retrieved 2018-02-14.
  32. ^ "Award of Merit Dinner tonight to honour Blake Goldring, Chairman and CEO of AGF Management". app.streamsend.com. Retrieved 2018-08-07.
  33. ^ "48 named to the Order of the Diocese of Toronto". www.toronto.anglican.ca. Retrieved 2018-02-14.
  34. ^ Phillips, Caroline (November 12, 2014). "Around Town: Honouring The Great War through great art". Ottawa Citizen. Retrieved February 29, 2016.
  35. ^ Defence, Government of Canada, National. "National Defence | Canadian Armed Forces | News Release | Honorary Colonel Of The Army Appointed". www.forces.gc.ca. Retrieved 2018-08-07.{{cite web}}: CS1 maint: multiple names: authors list (link)
  36. ^ Roseman, Ellen (December 2, 2015). "Why young investors avoid the stock market: Roseman". The Toronto Star. Retrieved February 29, 2016.