Massey Henry Recruits Chief Risk Officer and CFO for SaskCentral

April 12, 2024 – Toronto-based executive search firm Massey Henry has assisted in the recruitment of Cheryl Maksymiw as chief risk officer and chief financial officer of SaskCentral. “Cheryl brings more than 20 years of experience in financial services, with deep enterprise risk management and financial reporting expertise,” Massey Henry said. “Having held progressive positions with the organization since 2009, Cheryl brings a nuanced understanding of SaskCentral’s business and culture to the role.”

Ms. Maksymiw joined SaskCentral in 2009 and was appointed to the position of interim (CFO/CRO) in April 2023. Prior to that appointment, she was the head of financial management and reporting, a position she held for more than five years. Prior to joining SaskCentral, Ms. Maksymiw held senior analyst positions with CUETS Financial, The Canada Life Assurance Company and Deloitte.

Reporting to the CEO, Ms. Maksymiw will ensure the financial and operational viability of SaskCentral, leading and supporting the strategic vision and development of high-level corporate business objectives at the board and executive level. She leads the strategic finance function at SaskCentral, playing an essential role in strategy development, performance measurement, and management of relevant external relationships, such as rating agencies and auditors, etc.

Ms. Maksymiw will collaborate with peers in the executive leadership team to advance the organization, particularly from a financial performance perspective. Her position also includes accountability for accurate and timely financial reporting in compliance with IFRS, board policies, regulatory requirements, and governance standards. In addition, as chief risk officer, Ms. Maksymiw oversees an effective and dynamic enterprise risk management framework and process, reporting to the board in the area of risk management.

Related: Choosing the Right Leader in Financial Services

SaskCentral is owned by, and is the liquidity manager for, Saskatchewan’s credit unions. By aggregating statutory liquidity deposits, it facilitates clearing and settlement, provides credit facilities that support daily cash flow management, coordinates emergency liquidity support, and provides investment management services. SaskCentral also maintains business relationships with, and investments in, several entities on behalf of Saskatchewan credit unions.

Experienced Search Consultants

Launched in 2021, Massey Henry is an executive search and board advisory firm specializing in financial services and the public sector. Michael Henry is the founder and managing partner of the firm. He said the firm’s aim was to set a new standard for executive recruiting with a streamlined, collaborative approach that enables organizations to recruit diverse top talent for urgent, transformational roles.

Using artificial intelligence technology combined with sector expertise, Massey Henry provides candidate research and a diverse candidate pool, while using custom criteria to assess each candidate for fit. Clients have 24/7 access to their search process which is designed to enhance decision-making and reduce timelines by half. The firm is backed by an experienced advisory board of top leaders, including George Cooke, board chair of OMERS; Bill Hatanaka, board chair of Ontario Health; Johanne Brossard, board director and former president and CEO of ING Direct Canada; Eric Wetlaufer, board director of Investment Management Corporation of Ontario and the TMX Group; Lynne Kilpatrick, board director and senior retail banking executive; and Sharon Pel, chair of the board of trustees for OPTrust.

Recent Work

Massey Henry recently placed Tracey Whittall as chief operating officer of Northwest Healthcare Properties Real Estate Investment Trust in Toronto. “Tracey brings more than 20 years of leadership experience in financial services, with demonstrated success in building high performing teams and balancing strategic decisions and fiscal oversight to drive operational performance,” Massey Henry said. “Congratulations and all the best in your new role, Tracey.”

Ms. Whittall most recently served as COO of Flexiti Financial Inc., where she oversaw call center management and operations teams, as well as partner operations. Before that, she spent 21 years spent at CIBC. As a member of CIBC’s executive team, Ms. Whittall led its contact center operations during a pivotal time and was a critical voice in shaping CIBC’s transformation roadmap.

Founded in 2004 and publicly traded since 2010, Northwest Healthcare Properties Real Estate Investment Trust is a pure-play, long-term owner, asset manager, and developer for ownership of healthcare properties in key strategic markets.

Related: Leveraging AI for Executive Search Success

Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Executive Editor; Lily Fauver, Senior Editor – Hunt Scanlon Media

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