UTAM Management Team

William W. Moriarty, CFA
President & CEO

William W. Moriarty, CFA is President and Chief Executive Officer of the University of Toronto Asset Management Corporation. Prior to joining UTAM in April 2008, Mr. Moriarty was a Vice Chairman of RBC Capital Markets. Over his career at RBC, which began in 1983, Mr. Moriarty has served as: Director of Equity Research and Chair of the Investment Strategy Committee; Head of the Global Research Division; Head of the Global Equity Division; Co-Head of the Capital Markets Services Division; and Head of the Alternative Investments Division. He was also a member of the Bank’s Pension Investment Committee, and a Director of RBC Asset Management Inc. and RBC Capital Partners Limited. In addition, he has served on several community, industry and public Boards and was a founding director of IIROC and the Chair of Market Regulation Services Inc. – the SRO which regulated securities trading and market related activities of participants on Canadian Stock Exchanges and alternative trading systems. Mr. Moriarty holds a BA from the University of Toronto and an MA from the University of Chicago.

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John T. Hsu, MBA FCMA C.Dir.
Chief Operating Officer

John Hsu joined UTAM in 2005 with responsibility for the oversight of UTAM's operations, including its finance and risk management functions. Prior to joining UTAM, John has twenty years' experience in investment and capital markets as head of Investment Risk Analytics at Manulife Financial and, before that, with the derivatives and capital markets groups at Wood Gundy (now CIBC World Markets), Citibank and Royal Bank.

He holds a Master of Business Administration degree from the Richard Ivey School of Business at the University of Western Ontario, and a Bachelor of Applied Science degree (Chemical Engineering) from the University of Toronto. John is a Certified Management Accountant (CMA) and a Fellow of the Certified Management Accountants of Canada (FCMA). In addition, he earned the Chartered Director (C.Dir.) designation in 2010 from The Directors College, a joint venture of McMaster University and The Conference Board of Canada.

John is the past Chair of the Board of Directors of Certified Management Accountants of Ontario (CMA Ontario). He also serves the Greater Toronto Scout Foundation as a member of its Board of Directors and Investment Committee, and was the past Treasurer & Finance Committee Chair of Scouts Canada, Greater Toronto.

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Daren Smith, MSc MA CFA FCIA CAIA FRM
Managing Director, Manager Selection & Portfolio Construction

Daren Smith joined UTAM in November 2008. His responsibilities include overseeing all of UTAM’s investment related manager selection and monitoring activities for public, private and hedge fund investment managers. In addition, Daren is responsible for developing the investment strategy within each asset class and the absolute return hedge fund portfolio.

Prior to joining UTAM, Daren spent four years at Keel Capital where he was a Partner and a senior member of the investment team that managed all of the assets for a Nova Scotia based pension plan. Daren is a qualified Actuary and spent the early part of his career at Sun Life Financial and Maritime Life working in an Actuarial capacity, with an increasing focus on the investment side of the business.

Daren holds an undergraduate degree in Actuarial Science (B.Sc.) from the University of Western Ontario, a Master’s degree in Statistics (M.Sc.) from the University of British Columbia and a Master’s degree in Economics (M.A.) from McMaster University. He is a Fellow of the Society of Actuaries (FSA), and a Fellow of the Canadian Institute of Actuaries (FCIA). Daren holds the Chartered Financial Analyst (CFA), the Chartered Alternative Investment Analyst (CAIA), and the Financial Risk Manager (FRM) designations.

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Adrian Hussey, MBA CFA
Director, Portfolio and Risk Analysis

Mr. Hussey has 25 years of experience in capital markets focused in asset allocation, risk management, financial engineering and hedging strategy. He joined University of Toronto Asset Management in 2009 and is responsible for asset allocation modeling and risk budgeting, performance attribution, risk reporting and hedging strategies.

Before joining UTAM Mr. Hussey was VP Research at Northwater Capital. He was a member of the Investment Committees for the fund-of-hedge-fund and private equity portfolios. There he designed and lead the development of systems for the quantitative screening and evaluation of hedge fund managers and the construction of fund-of-hedge-fund portfolios. In recognition for his work on hedge fund replication, Adrian won the 2007 AIMA Canada Research Award, along with Neil Simons. His team provided asset allocation advice and modeling to clients introducing hedge hedges to their portfolios and also developed an Alternative Beta Portfolio and a Risk Parity Portfolio.

As VP Capital Markets at Manulife Financial he was responsible for all equity and interest rate derivative markets activity, the introduction of Life Style funds and a family of index funds. Prior to joining Manulife he held progressively responsible positions with Ontario Hydro developing and implementing hedging strategies for foreign exchange, and interest rate exposures and with Algorithmics Inc. designing and marketing Risk Management software.

Mr. Hussey is a Dean’s List Master of Business Administration graduate from the University of Toronto, and holds Bachelor of Science in Zoology from the University of Guelph (Canada). He has received the designation of Chartered Financial Analyst (CFA) from the CFA Institute is a member of the Toronto CFA Society, and is the Co-chair of the AIMA Canada, Education and Research Committee.

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