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Government Operations committee  Well, as I mentioned in my opening comments, the CIB was launched late in 2017 with the appointment of a board. Really, it was 2018 when staff started to join. Early on there was a really significant investment by the CIB in the REM transit project in Montreal, which was a great foundation.

February 6th, 2023Committee meeting

Ehren Cory

Government Operations committee  I think that in many ways it's normal in standing up an organization from scratch. I think also that we learned some things along the way, in answer to the question, in terms of what it takes for us to be good partners with municipalities, with indigenous communities and with the private sector.

February 6th, 2023Committee meeting

Ehren Cory

Government Operations committee  It was $1.43 million.

February 6th, 2023Committee meeting

Ehren Cory

Government Operations committee  I'd like to think that I bring something to the organization, yes.

February 6th, 2023Committee meeting

Ehren Cory

February 6th, 2023Committee meeting

Ehren Cory

Government Operations committee  Thank you for the question. I would just reiterate, perhaps, the timeline. I left McKinsey more than a decade ago and have since worked in public service. I was hired in this job through a competitive search. I was contacted by an executive search firm, by a headhunter who was searching for a new CEO for the CIB.

February 6th, 2023Committee meeting

Ehren Cory

Government Operations committee  I'm telling you that they were several years before I was here, so I really can't comment on the procurement process, but we do have very clear procurement policies around best value for money. We use external advisers on our transactions because we're doing—

February 6th, 2023Committee meeting

Ehren Cory

Government Operations committee  I would say to the public that the fact of the matter is that not since any former McKinsey employees have worked at the CIB has McKinsey been hired to do a dollar's worth of work.

February 6th, 2023Committee meeting

Ehren Cory

February 6th, 2023Committee meeting

Ehren Cory

Government Operations committee  My primary work in the public sector was actually at the provincial level. I did work in both the Province of Ontario and Saskatchewan at the time. In the federal government, I did relatively little work. It was around infrastructure, of course, and also economic competitiveness.

February 6th, 2023Committee meeting

Ehren Cory

Government Operations committee  It was one to two million dollars.

February 6th, 2023Committee meeting

Ehren Cory

February 6th, 2023Committee meeting

Ehren Cory

Government Operations committee  We had a team of 600 staff and seven other executives who reported directly to me as the CEO.

February 6th, 2023Committee meeting

Ehren Cory

Government Operations committee  I have six executives and a total organization of 115 employees. We're small but mighty at the CIB.

February 6th, 2023Committee meeting

Ehren Cory

Government Operations committee  One also worked there a long time ago.

February 6th, 2023Committee meeting

Ehren Cory