The $8B Building Ontario Fund has appointed Darlene Cyfko, head of risk management, effective this December.
In her new role, Cyfko will help shape how the sovereign wealth fund invests in and protects Ontario’s infrastructure future, she noted in a LinkedIn post.
Cyfko joined the organization from Ontario’s crown transportation agency Metrolinx, where, according to her LinkedIn profile, she provided strategic leadership and oversight for project, program, and portfolio risk management for Capital Projects across the Greater Toronto and Hamilton Area.
Prior to that, she worked at the Liquor Control Board of Ontario (LCBO) for nearly two decades. At the LCBO, she held several senior positions, most recently as senior director for risk, process, and control, as well as vice-president of audit and risk and acting chief audit executive. Earlier in her career, she worked at the City of Toronto as a business analyst.
Cyfko’s appointment is one of a handful of hirings the newly created BOF has executed in the last year as it builds up its leadership team. In June, it appointed Alena Thouin as chief strategy and operations officer and Danielle Townley as chief legal officer.
The fund marked its one-year anniversary in November.
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