UCC Foundation


The UCC Foundation has the extremely important task of managing and stewarding the College’s endowment. It's directed by an 11-member board of trustees drawn from Old Boys, parents and friends of UCC.

The foundation has an endowment of about $75 million, almost three-quarters of which is restricted by donors in named funds. The endowment distributes an annual amount to the College based on formulae approved by the board of trustees.

The foundation is a charity registered apart from the College and was incorporated under the laws of the Province of Ontario in 1962.

Board of Trustees (Canada)

Andy Burgess '83

Andy is the chairman of UCC's board of directors and a managing partner at Russell Square Partners, an investment firm focused on acquiring small, private companies. Andy was a co-founder of Somerset Entertainment Ltd., a leading producer and distributor of specialty music sold to non-traditional retailers using interactive displays. As president and chief executive officer, he oversaw the strategic direction of the company and managed finance, investor relations, sales, marketing and logistics. After trading for four years on the Toronto Stock Exchange, Somerset was acquired in November 2009 by Fluid Music Canada.

Prior to founding Somerset, Andy worked as a business analyst for McKinsey & Company in New York, where he researched and developed strategic solutions for a variety of clients. He returned to Toronto in 1989 to be vice-president of strategic planning of Joniff Corporation and later joined Loblaws Supermarkets as director of general merchandise. He graduated with a bachelor of arts degree with honours from Princeton University and a masters of business administration degree from INSEAD.

Andy is an Old Boy from the class of 1983 and the parent of Charles '13 and Campbell '18. In addition to serving as chairman of the UCC board of governors, Andy also serves on the campaign cabinet.


Jessica Chutter

Jessica Chutter is Managing Director and Chairman of Biotechnology Investment Banking at Morgan Stanley. Jessica has helped build Morgan Stanley's biotechnology franchise during her 27 year career through advising companies in $65Bn of advisory transactions and $25Bn of capital raising. 

Jessica has a BA in Commerce and Honours Economics from McGill University and an MBA from Harvard Business School. She serves on the Board of Directors of MaRS Innovation. 

Jessica and her husband, Derek, live in Toronto with their three children, Andrew 2014, Jennifer and Kevin 2019. 


Jim Garner ‘77

Jim was appointed executive vice-president of corporate services for The Hospital for Sick Children in September 2008 and he has executive leadership responsibility for information services and technology, health records, medical engineering, facilities, corporate ventures, commercial services, materials management, research operations and international affairs. He has an extensive background in executive leadership and financial business practice in the private sector. His experience in the healthcare and life sciences industries includes laboratory testing, nuclear medicine, contract research, analytical equipment and pharmaceuticals.

Prior to joining Sick Kids, Jim gained more than 10 years experience as chief financial officer for publicly traded healthcare/life sciences companies DRAXIS Health Inc. and MDS Inc. Prior to his CFO experience, he spent 10 years in the investment banking industry with RBC Capital Markets and N M Rothschild & Sons Canada Limited.

Jim is a chartered accountant and a chartered business valuator. He holds a bachelor of commerce degree from Queen’s University and an MBA from IMD in Lausanne, Switzerland.

Jim is an Old Boy from the class of 1977 and president of the Association Council.


Peter Kay

Peter is a retired senior vice-president of Canadian Imperial Bank of Commerce. He spent 32 years, or most of his working career, with the bank. During his last position he was responsible for the management of the capital of the bank and was deputy chair of CIBC's pension fund of some $3.5 billion. His involvement with the pension fund spanned approximately 15 years, during which time it went through several reorganizations and transformations to improve its governance and effectiveness.

Peter earned his BASc in engineering from the University of Toronto and his MSc in management science from Imperial College, University of London (England).

Peter is the parent of Langdon '17.


Richard Phillips '85, president
Richard is the chairman and chief executive officer of East West Investment Management Inc. Richard was deputy chairman and managing director of CIBC World Markets and head of global equities. He also oversaw the firm’s fixed income sales and trading, as well as foreign exchange activities. Richard began his career with CIBC Wood Gundy as an associate in Canadian equity research. He held a number of senior positions in global equities, including head of global arbitrage and derivatives and head of equity and commodity-structured products.

Richard holds a bachelor of commerce degree from Trinity College, University of Toronto.

Richard is an Old Boy from the class of 1985. He was former chairman of the UCC Foundation investment committee and currently serves on the campaign cabinet.


Charlie Sims '80

Charlie is president and chief executive officer of Mackenzie Financial Corporation and Mackenzie Inc., the company that owns Mackenzie Financial Corporation within the IGM Financial structure. He's also co-president and chief executive officer of IGM Financial Inc.

Charlie has extensive experience in the Canadian, American and international mutual fund markets. The Toronto native started his career in 1984 with Coopers and Lybrand’s audit practice and business investigations group. He joined Franklin Templeton’s Canadian operations as chief financial officer and treasurer in 1989 and was elected to Templeton’s board of directors in 1992. He assumed responsibility for the sales and marketing groups in addition to the financial and operational responsibilities in 1993.

Charlie was very active in the Canadian fund industry during that time. He was a member of the board of governors of the Investment Funds Institute of Canada from 1991 to 1997 and served as a member of its board of directors from 1993 to 1996. Charlie was also on the board of directors of FundSERV Inc.

Charlie moved in 1997 to Franklin Templeton’s international headquarters in California, where his roles included vice-president of finance and, since 2002, chief administrative officer of global distribution. He worked on issues related to the mutual fund business in the U.S., Europe and Asia and was responsible for establishing the firm’s investment business in China.

Charlie holds a bachelor of arts degree from Western University and is a fellow chartered accountant and member of CICA.

Charlie is an Old Boy from the class of 1980.


Andrew Dunn

Andrew is managing partner and chief operating officer at Altas Partners, a private equity firm he co-founded with Andrew Sheiner following a 27-year career with Deloitte. Altas Partners focuses on acquiring and operating outstanding North American-based businesses with stable cash flow and great market positioning.

Named one of Canada’s leading advisors by the International Tax Review, Andrew was managing partner of tax and most recently vice-chair of Deloitte Canada and chair of its client cabinet, responsible for the firm’s largest clients and government relationships. Andrew led Deloitte's vision and efforts to make Canada more globally competitive, most recently as co-author of "The Future of Productivity" research aimed at improving business productivity. Andrew has delivered expert testimony before the House of Commons Standing Committee on Finance and the Senate Standing Committee on Banking, Trade and Commerce.

Andrew was educated at the University of Waterloo (bachelor of arts, 1986; master of accounting, 1987) and is a fellow of the Institute of Chartered Accountants. He's a founding member and co-chair of the Deloitte Centre for Tax Education and Research at the University of Waterloo, a governor of the Canadian Tax Foundation, a director of the Children’s Aid Foundation and a trustee of the McMichael Canadian Art Collection.

Andrew and his wife Christine live in Toronto with their two sons, Charlie '16 and Liam '18.


Jim Walker

Jim co-founded Callisto Capital and is involved in all aspects of its business. For Callisto’s most recent fund, among other activities, Jim orchestrated the creation of Canada’s leading environmental analytical services business and worked with management to facilitate the buyout of Canada’s largest integrated rehabilitation services company. Jim also had oversight for two Callisto investee companies sold during 2006 and 2007. Prior to Jim’s private equity career, he had been the CEO of a large publicly traded company and has been a securities and mergers and acquisitions lawyer with one of Canada’s largest law firms. More specifically, from 1992 to 1998, Jim was a senior officer (including president and CEO) of Gentra Inc., a leading Canadian property investment and real estate merchant banking operation with a market capitalization in excess of $1 billion and listed on the TSX 300. Before joining Gentra, Jim was a partner with the law firm of Fraser Milner Casgrain (then Fraser & Beatty), specializing in mergers and acquisitions and securities law.

Jim is a graduate of the University of Toronto (B. Comm) and of Queen’s University (LL.B).

Jim is the parent of Richard '10, Matthew '11, Charles '13 and Robert '17.


Richard Wernham
Richard has more than 20 years of experience in the global wealth management industry and was the founder and chief executive of Global Strategy Financial, one of Canada’s largest independent mutual fund companies. He's the chairman of the Soutterham Group and was formerly a lawyer with Torys, specializing in securities and corporate law.

Richard was also a special lecturer in law at Trinity College at the University of Toronto from 1977 to 1994 and remains active in the academic community. He's chair of the board of Greenwood College School, a trustee of Lakefield College School Foundation and a senior fellow of Massey College.

Richard is the parent of Nicholas '02. He's also chair of the UCC Foundation investment committee and serves on the Wernham and West Centre for Learning advisory committee.


Richard Willoughby '80

Richard’s corporate and commercial practice focuses on mergers and acquisitions and securities transactions, with particular experience in cross-border matters and the financial services sector. His mergers and acquisitions experience includes advising on private acquisitions and divestitures (often in an auction context), leveraged buyout transactions, tender offers and joint ventures. His securities transactions experience includes acting for issuers and underwriters in public offerings and private placements of equity, debt and derivative securities.

Richard practised in the Torys office in London, England from 1989 to 1992, where he advised on international merger and acquisition transactions and Euromarket financings. Richard was based in the firm’s New York office from 2000 to 2008 and has since been based in Toronto.

Richard is an Old Boy from the class of 1980 and the parent of Robert '11 and Andrew '15.

Uma Guddanti, secretary
Patti MacNicol, treasurer

Foundation Honorary Trustees

David Beatty '59
Cathy Clark
Charles Cowan '46
John Eaton '57
Peter Eby '56
Alan Ely '65
Bernard Gustin ’65
Tom Heintzman '58
Sam Hughes '48
Arthur James ‘33
Hans Michael Jebsen
Desiree Jebsen
Lee Lau
Margaret Lau
Elizabeth Lee
Jimmy Lee
Michael MacMillan '74
Diane Mara
Ted McMurrich '34
Kelly Meighen
Michael Meighen
Tony Ormsby '44
Paul Phelan '69
Andy Pringle '69
Loretta Rogers
John Stevenson '47
John Stewart
Richard M. Thompson
John Thompson '60
Richard Wernham
Roly Watt '62
Julia West
Galen Weston
Bill Wilder '40
Paul Winnell '67
Michael Wilson '55
William Wong '82

Foundation Audit Committee

Alan Buitendag '90
Richard Phillips '85
Charlie Sims '80, chairman

Foundation Investment Committee

Jeff Brown '96
Matt Farb '96
Rob Farquharson '77
Elliot Johnson '94
Patti MacNicol
Tim Price
Richard Rooney
John Stevenson
Richard Wernham, chairman

Foundation Nominating Committee

Peter Kay
Richard Phillips '85
Richard Willoughby '80, chairman