Ontario Financing Authority
Mahesh Wadhvana has an extensive career in project management and technical analysis, currently serving as a Project Manager at the Ontario Financing Authority since May 1996, with prior roles including Project Leader, eBusiness Analyst, Lead Developer, and Programmer. Previous experience includes a position as a System/Network Analyst at the Ministry of Financial Institutions from August 1989 to May 1996, and as a Financial Programmer/Analyst and Technical Support Specialist at the Ministry of Housing in roles from 1987 to 1989. Mahesh Wadhvana holds a degree in Electronic Engineering Technology with a specialization in Digital Data & Communication Systems from Seneca Polytechnic and a degree in Business Administration along with a Certificate in Business Management from York University.
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.