13 October 2021
CEM Benchmarking (CEM), the world leader in assessing value for money in pension schemes, today announced the appointment of Rashay Jethalal, MBA, CFA, as Chief Executive Officer.
Commenting, Sandy Halim, Board Chair at CEM said: “There continues to be a serious need for pension transparency across the globe in the ongoing drive to deliver better value for money. As we know, the costs and complexities of running a pension scheme are high and multi layered. If pension schemes had a better understanding of their peers, globally, they would be in a much more empowered position to make relevant choices, challenge their advisors, and improve the outcomes for members. Fortunately, many schemes are seeing this, and we are experiencing a surge in appetite for our services. To support this growth, Rashay’s mandate is to expand CEM’s reach and impact with all global fiduciaries and asset owners, driving our strategy and implementation across defined benefit and capital accumulation plans, both corporate and public sponsored, whether directly or through new distribution channels. We’re very excited about the new ideas Rashay has for us and his energy and curiosity about what else we can do for our clients.”
Rashay will be based in the company Headquaters in Toronto and work closely with CEM’s existing senior leadership team, including Tom Scheibelhut in Product Development, Mike Heale in Business Development and Sandy Halim as Board Chair.
Rashay has broad and diverse financial services experiences including capital markets, asset management, and retail banking. He has held leadership roles as President of Purpose Investments, Managing Director- Enterprise Strategy at RBC, and Managing Director and Head – Global Banks at CIBC. Rounding off these experiences was his Associate Principal role at McKinsey & Company. He’s also had a number of Advisor & Angel Investor roles within and outside Canada.
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