Toronto Leadership Centre Announces New CEO

By Toronto Leadership Centre, PRNE
Wednesday, May 26, 2010

TORONTO, Canada, May 27, 2010 - John Palmer, Chair of the Toronto Centre, is pleased to announce the
appointment of Babak Abbaszadeh as Chief Executive Officer effective
June 1, 2010. Accountable to the Board of Directors, Mr. Abbaszadeh will
be responsible for the organization's strategic and operational activities.

With more than 20 years of experience in public policy and stakeholder
relations in the private and public sectors, Babak has held leadership roles
in regulated sectors such as financial services, energy, and natural
resources. He has worked closely with financial regulators in Canada and led
advocacy strategies for major internationally-oriented Canadian financial
institutions. From 2006 to 2009 he was the Director of Stakeholder Relations
at the Canada Pension Plan Investment Board. He also served as Director of
Government and Industry Relations at Sun Life Financial from 1998 to 2003, a
period that coincided with a major overhaul of financial services in Canada.
From 2004 to 2006, Babak held senior positions in the Ontario government
including the Chief of Staff to two Ministers of Energy.

"Babak was selected following an international search. He is a strategic
professional with a proven ability to create partnerships with a wide range of
international stakeholders and draws on a broad background in the financial
sector," said Palmer. "These attributes strengthen the Centre's role in
enhancing the capacity of financial regulators from around the world to
improve their agencies' crisis preparedness and to promote changes leading to
robust financial systems, which underpin growth and stability in the national
economies and the global economy."

Toronto Leadership Centre

Founded in 1997 by the Canadian Government, the World Bank, and the
Schulich School of Business at York University, the Centre assists senior
financial supervisors from around the globe to supervise more effectively and
improve the financial systems and societies of which they are a part. This
contributes to a stronger global financial system. The Centre receives core
financial support from the Canadian International Development Agency, the IMF,
the Swedish International Development Agency, the World Bank, and project
support from the FIRST Initiative and other valued international partners.

    For further information:
    Lesley Schiff,
    Program Manager,
    +1(416)943-9300 Ext 222

further information: Lesley Schiff, Program Manager, +1(416)943-9300 Ext 222

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