Staff

Our expert cadre of in-house program directors oversee the development and delivery of Toronto Centre’s programs with support and guidance from the rest of Toronto Centre's team.


Babak Abbaszadeh, President and Chief Executive Officer

Babak Abbaszadeh, President and Chief Executive Officer

Babak Abbaszadeh joined Toronto Centre as President and Chief Executive Officer in June 2010.

He is responsible for all aspects of the organization’s strategic, capacity development, and operational activities. He builds relationships with the leadership of central banks, supervisory authorities globally, as well as international standard setting bodies.

With more than 25 years of experience in public policy and stakeholder relations in the private sector, government agencies, and NGOs, Babak has held leadership roles in highly regulated sectors such as financial services, energy, and natural resources.

Prior to joining Toronto centre, Babak held leadership positions in major internationally oriented Canadian financial institutions such as the Canada Pension Plan Investment Board and Sun Life Financial. Babak was also chief of staff to two senior cabinet ministers.


Juan Pablo Arango, Program Director

Juan Pablo Arango, Program Director

Juan Pablo Arango joined Toronto Centre in the summer of 2016. Prior to joining, Juan worked at the Superintendencia Financiera de Colombia (SFC) for 6 years, as Deputy Superintendent for Institutional Supervision. His work responsibilities included overseeing the Supervisory work of the different industries under the SFC´s Supervision. He also was in charge of developing SFC´s Supervisory Framework and associated guidance and tools; training supervisors in using supervisory methodology; and, coaching and managing supervisors in conducting supervisory work. Prior to joining the SFC, he worked at FOGAFIN and Banco de la Republica.


Arvind Baghel, Program Director

Arvind Baghel, Program Director

Arvind Baghel joined Toronto Centre as a Program Director in 2021. Former Director of Supervision – DFSA; former Head of Supervision – Insurance Commission of the Bahamas; former Managing Director – OSFI. Arvind has over 25 years of experience in financial supervision and regulation in Canada and other jurisdictions where he held senior and executive level positions in banking and insurance supervision, leading the implementation of risk-based supervision, and risk-based capital requirements. He has worked with international regulatory bodies and assisted various regulatory authorities around the world in developing and implementing risk-based supervision. Arvind is a member of the Institute of Chartered Accountants of Scotland and the Certified Professional Accountants of Canada, a Chartered Insurance Professional and a Certified Internal Auditor.


Demet Çanakçı, Program Director

Demet Çanakçı, Program Director

Demet Çanakçı joined Toronto Centre in 2014 and has solid professional experience in both supervision and central banking for more than 25 years. Before joining Toronto Centre, she served as deputy head in the Financial Sector Assessment division of the Central Bank of the Republic of Turkey (CBRT). She was responsible for both financial stability and international regulations. She has covered financial stability, macroprudential surveillance, macro stress-testing, Basel II and III, Basel core principles, contingency planning, banking sector restructuring, and crisis management topics in a range of publications. Before returning to the CBRT, she was a deputy head in the Banking Regulation and Supervision Agency of Turkey, and an economist at the IMF. She holds a Master of Economics degree from North Carolina State University, was a research scholar at the Kiel Institute for World Economics, and a visiting scholar at George Washington University.


Richa Goyal, Program Director

Richa Goyal, Program Director

Richa Goyal joined the Toronto Centre in July 2021. Richa has over two decades of experience in financial services as a regulator and industry professional.

She has worked at National Stock Exchange of India and the Dubai Financial Services Authority (DFSA). At DFSA she supervised asset managers, fund managers, trust services, corporate finance, private banking and Islamic finance institutions in the Dubai International Financial Centre (DIFC).

Most recently she has worked as Compliance Officer and Money Laundering Reporting Officer with European banks namely Royal Bank of Scotland and Banque Internationale à Luxembourg S.A. covering private banking, investment banking and corporate banking in the Middle East and Africa. Her work focused on regulatory compliance and financial crime.

Richa received has a Master's in Finance from City University, London, Advanced AML Certification from International Compliance Association (ICA), Certified Anti-Money Laundering Specialist (CAMS) and DIFC Academy certificate on Common Law, DIFC Laws and UAE Tax law.


Phang Hong Lim, Senior Director of Supervisory Guidance

Phang Hong Lim, Senior Director of Supervisory Guidance

Phang Hong Lim joined Toronto Centre in March 2015. Phang Hong has worked in both the banking sector and as a banking supervisor for close to three decades. His banking experience has focused on various aspects of risk management in global and regional banks, among them Deutsche Bank as a risk management MD, and CIMB Group, where his work as the group Chief Risk Officer was peer-recognized in the region. Phang Hong has also worked at the Monetary Authority of Singapore in division head roles covering banking supervision, specialist risk supervision, and internal risk management. He has also led cross-functional work on areas such as stress testing and cross border supervision.


Colleen MacLean, Senior Director, Finance & Quality Assurance

Colleen MacLean, Senior Director, Finance & Quality Assurance

Colleen joined Toronto Centre in 2013, and is responsible for our organization’s financial operations. Colleen holds a CPA/CA designation from the Chartered Professional Accountants of Ontario and has a MBA from the University of Toronto, Rotman School of Management. Prior to joining Toronto Centre she worked in various roles in finance and compliance for a major Canadian bank. She also worked at the University of Toronto and articled with Ernst & Young. She has served as a member of the board for several not-for-profit organizations.


Anatol Monid, Program Director

Anatol Monid, Senior Program Director

Anatol Monid joined Toronto Centre as a Program Director in 2020. Former Program Leader – Toronto Centre; former Executive Director, Licensing and Market Conduct Division – Financial Services Commission of Ontario; former Senior Supervision, Financial Institutions Group – Office of the Superintendent of Financial Institutions.


Chuin Hwei Ng

Chuin Hwei Ng, Program Director

Chuin Hwei has 25 years of experience in financial regulation and supervision, and economics. In the Monetary Authority of Singapore, Chuin Hwei was Director in the Prudential Policy Department and worked on bank regulatory policy on prudential limits and deposit insurance, and macroprudential policy on the property sector. She also supervised foreign banks in Singapore. Prior to joining Toronto Centre, Chuin Hwei headed the regional surveillance function in the ASEAN+3 Macroeconomic Research Office in Singapore, assessing macroeconomic and financial risks facing the region. Chuin Hwei holds a B.A. in Economics from Yale University, and a Master in Public Policy from Harvard Kennedy School.


Hooi Eng Phang, Special Advisor

Hooi Eng Phang, Special Advisor

Hooi Eng Phang has been with Toronto Centre since July 2007. She assists the chief executive officer with the design and implementation of leadership programs, strategy development, and project planning. Before joining Toronto Centre, she was the executive director representing 12 countries in the South East Asia Voting Group at the International Monetary Fund. Prior to that, she was the senior director of the Economics Department of Bank Negara Malaysia, where she had worked since 1984. She is the author of numerous economic papers and recipient of several economic scholarships and awards.


Prasanna Seshachellam

Prasanna Seshachellam, Program Director

Prasanna Seshachellam joined Toronto Centre as a Program Director in April 2021. Prasanna has close to three decades of experience straddling both the business and regulatory sides of financial services sector. Immediately prior to joining Toronto Centre, Prasanna was the founder and principal consultant of a consulting firm specializing in GRC and financial regulation. He also worked in many projects with ADB, IMF and World Bank Group, as the subject matter expert in financial regulation & Islamic finance. Previously, Prasanna was the Director of Supervision at the Dubai Financial Services Authority and worked at OSFI Canada.


Patricia Vargas, Program Director

Patricia Vargas, Program Director

Patricia Vargas joined Toronto Centre as a Program Director in 2021. Former Supervision Director – Insurance Superintendence in Costa Rica (SUGESE); former Head, International Monetary Reserves Management Department – Central Bank of Costa Rica.


Shelina Visram, Program Director

Shelina Visram, Program Director

Shelina Visram joined Toronto Centre as a Program Director in 2017. She is responsible for the overall design, delivery and quality of the supervisory capacity building programs directed in fulfilling Toronto Centre’s core objectives of contributing to financial stability, inclusion and effective governance. She is also responsible for liaising with supervisory agencies and organizations and selecting the right people from Toronto Centre’s pool of experienced program leaders (expert external consultants) with the knowledge appropriate for the programs.

Prior to joining Toronto Centre, Shelina worked for nine years at the Office of the Superintendent of Financial Institutions (OSFI) where her primary responsibilities were leading risk assessment and supervisory activities of life insurance companies. She has an in-depth understanding of and has worked with the OSFI risk-based supervision methodology and its application. During her career at OSFI, Shelina worked with international regulatory authorities to supervise an internationally active insurance group, including organizing Supervisory Colleges, and she led the team responsible for implementing changes to OSFI’s supervisory framework.

Before then, Shelina worked for several life insurers in a range of actuarial roles including valuation, product development and sales force training. She is an Associate of both the Canadian Institute of Actuaries and the Society of Actuaries.