Director Profile

Michèle D. McCarthy ICD.D LL.M LLB

President McCarthy Law Professional Corporation

Board Value Proposition: 

Strategy, Organizational Transformation, and Restructuring

  • At McCarthy Law, created new Schedule 1, 2, and 3 banks for clients addressing all operational functions, as well as advising on regulatory matters and capital structures across the spectrum of capital market entities. Significant work with mutual funds as chair and member of independent review committees. Chair of a number of closed-end funds. 
  • At GMAC/ResMor with full regulatory responsibilities, launched Ally, a new online banking functionality, and launched retail automotive lending, developed new business strategy with the ResMor board and GMAC LLC, built legal department of four lawyers, reducing legal spending by over 50%, managed roll-out of new legislative compliance management system, and built and maintained strong working relationships with OSFI, CDIC, and the OSC.
  • At GMAC/ResMor, created a structure to augment Tier 1 Capital by $333 million, led the acquisition of ResMor and its continuance as a bank, restructured GMAC Residential Funding of Canada during ABCP crisis and divested non-core divisions, and led the Canadian aspect of the $14 billion debt financing for GMAC.
  • At UBS Bank (Canada), established UBS AG Canada Branch, completing over 200 tasks across all disciplines and functions in the Bank and directing project decisions; drafted the Business Plan for OSFI in consultation with US parent company.
  • At Deutsche Bank (Canada), led the branching project to convert DBC to a foreign bank branch, with full budget responsibility directly reporting to the DBC Board, led multi-disciplinary team integrating BT Bank of Canada and BT Alex Brown and the acquisition of Scudder Mutual Funds, and was Relationship Manager for all regulators including: OSFI, CDIC, BAK (Germany), the IDA, TSX, and securities commissions.

Industry Experience: 

  • Banks
  • Commercial & Professional Services
  • Diversified Financials
  • Materials
  • Diversified Metals & Minerals
  • Precious Metals & Minerals
  • Transportation
  • Airport Services

International Experience: 

  • Europe
  • Western Europe
  • Northern Europe
  • Germany
  • United Kingdom
  • United States
  • North America
  • South America

Board Experience:

Corporate Boards:

Equity Financial Holdings (Equity Trust Company) 2014 to Present
Audit and Risk Committees
5Banc Split Inc. and Big 8 Split Inc. 2014 to Present
TD Split Inc. 2014 to 2015
Chair of closed-end funds on TSX
Sandy Lake Gold Inc. (previously Lago Dourado Minerals Ltd.) 2010 to Present
Brain Hunter Inc. 2009 to 2010
Chair, Governance and Nominating Committee
Toronto Port Authority 2004 to 2010
Chair, 2005–2008; Director on Audit and Pension committees
Deutsche Bank Securities 1997 to 2002
Director and ADP

Additional Boards:

The Honourable Company of the Freemen of North America 2015 to Present
Integra Capital Ltd. 2007 to Present
Member, Independent Review Committee
Northwest & Ethical Investments 2007 to 2014
Member, Independent Review Committee
St. George’s Society 2005 to 2015
President and Past President
Canadian Bankers Association 2001 to 2002
Member, Small Business Committee
Trinity College, University of Toronto 1997 to 2005


McCarthy Law Professional Corporation 2003 to Present
GMAC Residential Funding of Canada/ResMor Trust Company 2007 to 2011
Chief Legal Officer
Chief Privacy Officer
Head of Compliance
Corporate Secretary
UBS Bank (Canada) Toronto 2002 to 2003
Consultant, Corporate Reorganization and Branching
Deutsche Bank (Canada)/ Deutsche Bank AG (Canada Branch)Toronto 1997 to 2002
Chief Legal Officer
Head of Compliance
Corporate Secretary
Fraser Milner Casgrain LLP 1983 to 1997
Personnel partner and Chair of Articling Committee


LL.M, Osgoode Hall, 2009
ICD.D, Institute of Corporate Directors, 2004
Ontario Bar, 1986
LL.B, Osgoode Hall, 1984
MA, University of Windsor, 1981
BA, University of Toronto, 1979