Russell Reynolds Associates Tapped by the Canadian Investment Regulatory Organization to Lead CEO Search

September 25, 2026 – Global leadership advisory firm Russell Reynolds Associates has been retained by the Canadian Investment Regulatory Organization (CIRO) to lead in its search for a new president and chief executive officer. Andrew Kriegler, its inaugural president and CEO, has informed the board of directors that he will not be seeking a further term.

The board has commenced the formal search process for CIRO’s next president and CEO working with Russell Reynolds. Mr. Kriegler will continue as president and CEO throughout the board’s search, ensuring organizational continuity and maintaining focus on its public interest mandate.

“The board is committed to conducting a thorough and disciplined search for CIRO’s next president and CEO,” said CIRO board chair, Miranda Hubbs. “Andrew is providing ample notice of his retirement plans, for which we are grateful. His decision to place the long-term interests of the organization first is typical of his foresight and commitment to CIRO. We are focused on identifying a leader who will build on Andrew’s contributions and continue to advance CIRO’s mandate in a rapidly evolving financial marketplace.”

The Canadian Investment Regulatory Organization was established to unify oversight of investment dealers, mutual fund dealers, and their trading activity under a single, modern self-regulatory framework. After subsequently consolidating responsibility for registration of all investment and mutual fund dealers and their approved persons via a series of delegation orders from each of the provincial and territorial securities authorities, and with the enforcement and other legal powers granted by those jurisdictions, CIRO is able to deliver harmonized, efficient and effective regulation to the investment industry across Canada.

Netila Demneri leads Russell Reynolds’ operations in Canada, across the Toronto, Montreal and Calgary offices. She is a member of the firm’s investment management practice and broader financial services sector. Ms. Demneri leads a range of investment leadership mandates for global asset and wealth management firms, private equity firms, real estate companies, capital markets platforms, and insurance organizations. She also specializes in the disciplines of finance and risk, advising organizations on how to attract, retain, and develop progressive functional leaders that are equipped to navigate the complexities presented by operating in an increasingly global and complex economy.

Russell Reynolds Associates is a global leadership advisory and search firm. Its 520-plus consultants in 47 offices work with public, private, and non-profit organizations across all industries and regions. The firm also conducts in-depth organizational culture assessment and measures the cultural fit of key leadership and candidates in the following areas: arts and culture, global development, higher education, non-profit health and human services, public sector, social justice and advocacy, as well as trade and professional associations.

Russell Reynolds Associates offers specialized executive search and leadership advisory services for higher education institutions, focusing on finding “future-fit” leaders for colleges, universities, and academic medical centers. They assist with presidential searches, dean appointments, and key functional leadership roles.

Cara Collective Search

This spring, Russell Reynolds assisted in the recruitment of Karin Norington-Reaves as president and CEO of Cara Collective in Chicago. “This is a defining moment for Cara Collective,” said J. Todd Phillips, chair of Cara Collective’s board of directors. “Karin was selected from a national search conducted by a special committee of the Cara board of directors supported by executive search firm Russell Reynolds Associates. She brings the strategic vision, collaborative leadership, and unwavering commitment needed to build on our 35‑year legacy while accelerating the organization into its next era. The board is excited to work alongside Karin and the entire Cara team as we position Cara Collective for continued growth, innovation, and lasting impact.”

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Ms. Norington-Reaves is a lifelong public servant with more than 30 years of experience in education, law, advocacy, and community development. She was the founding CEO of the Chicago Cook Workforce Partnership in 2012. Under her leadership, the partnership helped more than 100,000 people gain employment, collaborated with 2,000+ employers, managed over $500 million in federal funds, and raised more than $150 million in philanthropic funds. Most recently, Ms. Norington-Reaves served as CEO of i.c. stars, a workforce development organization preparing underrepresented people for careers in technology.

Cara Collective seeks to fuel a courageous national movement to eradicate relational and financial poverty. Through their three entities they engage job seekers, employers, and other organizations across the country to break the cycle of poverty through the power of employment. Since 1991, they’ve helped more than 10,800 people get placed into more than 17,300 jobs and get started on their path to lasting success.

Contributed by Scott A. Scanlon, Editor-in-Chief and Dale M. Zupsansky, Executive Editor – Hunt Scanlon Media

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