Derek Ballantyne, CEO
Derek Ballantyne joined the Community Forward Fund as Chief Executive Officer in November 2012.
With a solid financial background in managing real estate investments and working with mutual funds, Mr. Ballantyne also brings deep knowledge of the nonprofit, charitable, social entrepreneurship, cooperative and foundation sectors at thelocal, provincial and federal levels. He is fluently bilingual.
At DKGI Inc. he provided consultant services to private, government and nonprofit clients in development of real estate and real estate investment and in development of market investment strategies. He also developed long-term strategies and business planning for a mid-size mutual fund and private investment groups.
Mr. Ballantyne was Chief Operating Officer of Build Toronto, where he assisted in the establishment of the corporation, development of the first business plan, and execution of several large transactions and development initiatives. Prior to this, Derek was Chief Executive Officer of Toronto Community Housing, a large rental housing provider, with over $6 billion in real estate assets in Toronto. He led organizational and financial restructuring of the company, and the recapitalization and redevelopment of a significant portion of the portfolio (including the Regent Park community) as well as the commercialization of non-core functions.
Mr. Ballantyne was a founding Director of a $430 M mutual fund and continues to participate in two investment committees for nonprofit organizations. Mr. Ballantyne sits on the board of the Laidlaw Foundation.
Duncan Newman, CPA, CA; Chief Financial Officer
Duncan Newman first joined Community Forward Fund (CFF) in late 2010 as a volunteer financial advisor and in January 2011 assumed a management role as Chief Financial Officer and Chief Compliance Officer. Mr. Newman, in his senior financial role, has direct financial and regulatory responsibilities for both CFF and CFFAC
After an initial career in private practice and broadcasting, Mr. Newman enjoyed an 18 year career at the Credit Union Central of Canada with the last 12 years as CFO. Subsequent career stops involved CFO roles within an organization managing Educational Savings Programs and leading the financial activities of a large electrical distribution company as it deregulated and participated in a significant provincial debt offering.
Currently, Mr. Newman is semi-retired and continues to enjoy actively working with several local non-profit organizations within the South Georgian Bay area providing financial consulting and overall senior management expertise.
As a volunteer with the Ontario Trillium Foundation for six years, Mr. Newman served as a Grant Review Team member in Simcoe/York and enjoyed the experience of bringing significant grants to the nonprofit and charitable sector. Duncan has also volunteered with CESO, a national support organization, which provides services, on a project basis, to qualifying nonprofits and charities, in Canada and abroad. For several years, through CESO, he worked on a financial project involving aboriginal communities in the far north.
As a Chartered Accountant, Mr. Newman continues to enjoy working with CFF as it continues to grow its loan portfolio within the nonprofit and charitable sector and meeting the financial objectives established with its Investor stakeholders.
Richard Bright, Director of Lending Services
Richard Bright, originally a volunteer member of our Loan Committee, joined us as Director, Lending Services in June 2012. He brings a wealth of financial knowledge and a passion for helping others.
Richard’s financial services career spans over 40 years with experience in retail, corporate and investment banking, human resource development, credit union general management, discount and full service brokerages. He has worked across North America for firms in Los Angeles, New York, Toronto and many points in between. He is the former CEO of the Defence Community Credit Union in Ottawa and a former senior corporate lender with the Royal Bank. Prior to retiring from the Ombudsman for Banking Services and Investments, he was responsible for adjudicating investment complaints brought against Canadian investment brokerages and mutual fund dealers. Richard states, “The Community Forward Fund is supported by investors who believe strongly in the organization’s vision and values. We are working closely with borrower-organizations, building strong relationships that will create long-term value for our investors, for our borrowers and, most importantly, for the communities that the nonprofits and charities serve.”
Richard has been active as a volunteer for many years in a number of charitable events and organizations most recently as Co-Chair of the Ottawa Chapter of the Motorcycle Ride For Dad, a national organization focused on prostate cancer research and education. Currently, he is Treasurer of CAHDCO, an Ottawa based not-for-profit affordable housing development company..
Richard is a Fellow of the Institute of Canadian Bankers, a Professional Financial Planner and holds a Bachelor of Commerce degree from the University of Calgary.
Sarah MacNeil, Manager, Communications and Development