Jump to content

Ted R Cadsby

Add links
From Wikipedia, the free encyclopedia
Ted R Cadsby
NationalityCanadian
Education
Occupations
  • Entrepreneur
  • Business executive
  • Author
  • Philanthropist
Known forPresident and CEO of CIBC Securities Inc.; Author of books on investing and human decision-making
Websitetedcadsby.com

Ted R Cadsby is a Canadian author, speaker, and consultant. He is the former President and CEO of CIBC Securities Inc. and former executive vice president of Retail Distribution at CIBC (Canadian Imperial Bank of Commerce).[1] He has written extensively on topics related to investing, organizational and personal effectiveness as well as cognitive psychology.[2]

Education

[edit]

Cadsby attended Queen's University, where he graduated as the medalist in philosophy with a Bachelor of Arts in 1988.[3] He completed an MBA at the Ivey Business School at the University of Western Ontario in 1991. He received the Chartered Financial Analyst (CFA) designation in 1994,[4] and the ICD.D designation from the Institute of Corporate Directors.[5]

Career

[edit]

Cadsby joined the Canadian Imperial Bank of Commerce (CIBC) in 1991. In 1998 he was put in charge of CIBC Securities Inc., then the seventh-largest fund company in Canada with $21 billion of assets under management.[6] In this role, he advocated for index investing and was dubbed Canada's "Mr. Index Man" by Money Sense Magazine,[7] "Index-Investing Guru" by The Toronto Star,[8] "Trend-Setter" by The Financial Post,[9] "Great Cadsby" by The Vancouver Sun,[10] and "Whizz" by The Globe and Mail.[11]

He gained attention for his advocacy of both index investing and addressing common investment errors. He was profiled in the book The Money Machine by Daniel Hoffman,[6] which highlighted his demonstrations at financial conferences showing that fund managers who consistently outperform market indexes are often more lucky than skilled.[11] His views, considered controversial within the industry,[6][10][12] were described by the Financial Post as "ruffling feathers."[13] These ideas formed the basis of his national bestseller[14] books The Power of Index Funds[15] and The 10 Biggest Investment Mistakes.[16]

While Cadsby continued to advocate for this investment approach [6] CIBC's funds under management doubled in size. [11] Cadsby was appointed, in addition to being CEO and President of CIBC Securities, as Chair of CIBC Trust Corp., and Chair of CIBC Private Investment Counsel Ltd.[17] He later became the Executive Vice-President of Retail Distribution,[18] managing the retail bank's network of over 1,100 branches and 18,000 employees worldwide.[2][17]

Cadsby served as a corporate director on several boards, including ResMor Trust Company, The Centre for Addiction and Mental Health Foundation (CAMH), Meridian Credit Union, Canadian Scholarship Trust Foundation, The Mutual Fund Dealer's Association of Canada.[19]

Media and writing

[edit]

Cadsby moved from banking into consulting and writing.[20][21][22] He has authored numerous articles and opinion pieces on leadership, entrepreneurship, innovation and how humans navigate complexity.[19][23][24][25] Cadsby is the author of four books including Closing the Mind Gap: Making Smarter Decisions in a Hyper-Complex World (foreword by Don Tapscott), and Hard to Be Human: Overcoming Our 5 Cognitive Design Flaws.[26] His articles have been featured in publications such as the Toronto Star,[27] The Globe and Mail,[19] and the Harvard Business Review.[28][29]

Bibliography

[edit]
  • Cadsby, Ted. (1999). The Power of Index Funds. Stoddart. ISBN 978-0773761773.
  • Cadsby, Ted. (2000). The 10 Biggest Investment Mistakes Canadians Make and How to Avoid Them. Stoddart. ISBN 978-0773732728.
  • Cadsby, Ted. (2014). Closing the Mind Gap: Making Smarter Decisions in a Hypercomplex World. BPS Books. ISBN 978-1927483787.
  • Cadsby, Ted. (2021). Hard to Be Human: Overcoming Our 5 Cognitive Design Flaws. Dundurn Press. ISBN 978-1459748842.

References

[edit]
  1. ^ "CIBC clears deck at retail unit". The Globe and Mail. 3 June 2005. Retrieved 23 January 2025.
  2. ^ a b "Ted Cadsby | HuffPost". HuffPost. Retrieved 23 January 2025.
  3. ^ "Class Notes". Queen's Alumni Review. Retrieved 23 January 2025.[non-primary source needed]
  4. ^ Queen's Alumni Association (2000). Queen's Alumni Review 2000. Queen's University, Kingston, Ontario.[non-primary source needed]
  5. ^ "Ted Cadsby | HuffPost". www.huffpost.com. Retrieved 4 March 2025.
  6. ^ a b c d Stoffman, Daniel. The Money Machine: How the Mutual Fund Industry Works - and How to Make it Work For You. MW&R. 2000.
  7. ^ Berman, David. 'On the Street - Salvation is Expensive'. Money Sense. September 2001.
  8. ^ Toronto Star. "Index-Investing Guru’s Corporate Bias Shows." Luukko, Rudy
  9. ^ Financial Post. January 18, 2001.
  10. ^ a b Vancouver Sun. "Great Cadsby: Banker says fund fees are too high." Kane, Michael.
  11. ^ a b c Financial Post. "Shift in CIBC puts whizz in closet. Indexing proponent, Ted Cadsby, just hasn’t the old profile." DeCloet, Derek. December 5, 2001.
  12. ^ Vancouver Sun. "CIBC's Cadsby puts passion into bank's fund marketing." Kane, Michael.
  13. ^ Financial Post. "Index funds vs actively managed: Author Ted Cadsby ruffles a few feathers". Jonathan Chevreau. Jan 21, 2000.
  14. ^ Financial Post. "Bestsellers on Finance and Investment." December 16, 1999 and December 21, 2000.
  15. ^ Financial Post. "Bestsellers on Finance and Investment." December 16, 1999.
  16. ^ Financial Post. "Finance and Investment Best-Sellers." December 21, 2000.
  17. ^ a b "CIBC overhauls senior management". Investment Executive. 6 June 2005. Retrieved 23 January 2025.
  18. ^ "Ted Cadsby". thecommentary.ca. 28 May 2014. Retrieved 23 January 2025.
  19. ^ a b c Cadsby, Ted (14 April 2022). "I've wrestled with my spirituality (or lack of it) for most of my life". The Globe and Mail. Retrieved 23 January 2025.
  20. ^ Cadsby, Ted (11 May 2015). "Three questions the best leaders ask themselves". The Globe and Mail. Retrieved 23 January 2025.
  21. ^ Cadsby, Ted (23 February 2022). "The problem with the climate change problem". Toronto Star. Retrieved 23 January 2025.
  22. ^ "Ep. 8 - Decision-making is crucial in managing your wealth. How should we go about it?". Make Better Wealth Decisions (Podcast). Spotify. 9 February 2023. 36 minutes in. Retrieved 23 January 2025.[non-primary source needed]
  23. ^ Cadsby, Ted (28 October 2014). "Three ways to help your group make the right decision". The Globe and Mail. Retrieved 23 January 2025.
  24. ^ Cadsby, Ted (13 March 2014). "Humans vs. Other Animals: Why Are We Still Debating?". HuffPost. Retrieved 23 January 2025.
  25. ^ Cadsby, Ted (19 November 2021). "Abortion is in the American headlines, but Canadians shouldn't feel smug". Toronto Star. Retrieved 23 January 2025.
  26. ^ "Hard to be Human". Kirkus Reviews. 15 December 2021. Retrieved 23 January 2025.
  27. ^ Cadsby, Ted (8 May 2014). "Let's Demand More of Politicians and Ourselves". Toronto Star. Retrieved 23 January 2025.
  28. ^ "Hard To Be Human". The Boiling Point Podcast. Archived from the original on 13 June 2024. Retrieved 23 January 2025.
  29. ^ "Ted Cadsby". Harvard Business Review. Retrieved 23 January 2025.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Ted_R_Cadsby&oldid=1278738720"