Toronto, ON (May 1, 2025) \u2013 The Registered Insurance Brokers of Ontario (RIBO) is pleased to announce the appointment of Mark Abraham to the role of Chief Executive Officer, effective June 1, 2025 succeeding Patrick Ballantyne, who will be retiring from RIBO after 20 years of dedicated leadership and service to the organization.<\/p>\n
\u201cI am thrilled to be able to make this announcement appointing RIBO\u2019s fifth ever CEO,\u201d said Thomas Watson, RIBO Council President. \u201cMark is assuming the role at an exciting time as we finalize our 2025 \u2013 2028 Strategic Plan. He will lead our team and organization in the successful execution of that plan, enhancing the impact of our regulatory initiatives, strengthening connections with both consumers and the industry, and bringing forth increased efficiencies in day-to-day operations. As RIBO\u2019s current Director of Finance & Corporate Services, Mark is able to hit the ground running in his new leadership role.\u201d<\/p>\n
Mark is a seasoned leader with over 16 years of executive leadership experience across both for-profit and not-for-profit organizations. Prior to joining RIBO, Mark\u2019s career spanned several industry sectors including post-secondary education, technical communications, public policy, and technology. With a proven track record of driving strategic growth and fostering strong teams, he is well-positioned to lead RIBO into the future.<\/p>\n
\u201cI am honoured to take on the role of CEO at such a pivotal time,\u201d said Abraham. \u201cI look forward to working closely with our talented team to launch our strategic plan in the coming months, and to continue to deliver upon and strengthen our mandate. I am deeply passionate about the important role we play and fully committed to upholding the values that guide our work. Ontarians place their faith and trust in their insurance brokers, relying on them to provide honest and knowledgeable advice. Our mandate is to ensure that trust is well placed by maintaining a regulatory regime that protects consumers and promotes competence, integrity and accountability.\u201d<\/p>\n
Mark holds an MBA from the Schulich School of Business at York University, where he specialized in Strategic Management, along with a Bachelor of Mathematics in Computer Science from the University of Waterloo. He is a Certified Corporate Financial Planning & Analysis Professional and has served on multiple non-profit boards, contributing financial expertise and governance leadership.<\/p>\n
Patrick Ballantyne will remain in a strategic advisory capacity through June 30 to ensure a smooth and effective leadership transition.<\/p>\n
Established in 1981, the Registered Insurance Brokers of Ontario (RIBO) is the province\u2019s regulator of general insurance brokers. RIBO regulates the licensing, professional competence, ethical conduct, and insurance-related financial obligations of over 21,000 licensees in Ontario. RIBO\u2019s mandate is to protect the public in their interactions with general insurance brokers across Ontario. For more information, please visit www.ribo.com<\/a>.<\/p>\n SOURCE: Registered Insurance Brokers of Ontario (RIBO)<\/i><\/p>\n