Ontario Financing Authority
David Hodes, CFA, AFM, is a seasoned financial professional with extensive experience in financial analysis and policy development. Currently serving as a Senior Financial Policy Analyst at the Capital Planning Division of the Treasury Board Secretariat for the Government of Ontario since August 2016, David focuses on financial and statistical analysis of provincial infrastructure projects and provides strategic advice to senior management. Concurrently, since September 2012, David has been an Economic Specialist at the Ontario Financing Authority, analyzing asset divestments, restructurings, and the electricity industry. David's prior roles include Senior Planning and Financial Analyst at the Ministry of Training, Colleges and Universities, Equities Trader/Market Maker at Desjardins Securities, and Derivatives Strategy Developer and Trader at Infinium Capital. David holds a Bachelor of Arts from the University of Toronto with a background in history, religion, and business, and completed additional financial education through the Canadian Securities Institute.
Ontario Financing Authority
The Ontario Financing Authority (OFA) was established as an agency of the Crown on November 15, 1993 by the Capital Investment Plan Act, 1993 (the Act). In accordance with the Act, the OFA: • conducts borrowing, investment and financial risk management for the Province of Ontario (the Province); • manages the Provincial debt; • manages the Province's key financial relationships with investors, financial institutions, rating agencies and public bodies; • provides centralized financial services for the Province including banking and cash management; • advises ministries, Crown agencies and other public bodies on financial policies and projects; • assists Crown agencies and other public bodies to borrow and invest money; • acts at the direction of the Province in lending to certain public bodies; • invests on behalf of some public bodies; • with Ontario Power Generation Inc. (OPG), manages the investment activities of OPG’s Used Fuel Segregated Fund and Decommissioning Segregated Fund; and • carries out the day-to-day operations of Ontario Electricity Financial Corporation (OEFC) and provides a broad range of financial services to Infrastructure Ontario. In addition, the OFA’s objects include: • providing such other financial services as are considered advantageous to the Province or any public body; and • any additional objects as directed by the Lieutenant Governor in Council. In pursing its mandate, the OFA is committed to its core values of respect, innovation, teamwork and accountability.