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Canadian Lenders Association Appoints TD’s Michael McGhee as New Chair of the Board

FOR IMMEDIATE RELEASE

Canadian Lenders Association Appoints TD’s Michael McGhee as New Chair of the Board
Association thanks BMO’s Gayle Ramsay for her exceptional leadership as Chair over the past two years

 

 

Toronto, ON, December 11, 2025 – The Canadian Lenders Association (CLA) today announced that Michael McGhee, Senior Vice President and Head, TD Auto Finance Canada, TD Bank Group, has been appointed Chair of the CLA Board of Directors.

McGhee succeeds Gayle Ramsay, who now serves as Chief Data & Analytics Officer (SVP) and Head, Customer Lifecycle Management at BMO Financial Group, following a highly impactful two year term as Chair of the CLA Board.

During Ramsay’s tenure, the Association advanced several strategic priorities, including strengthening cross industry collaboration, expanding executive roundtables, and enhancing the CLA’s policy and advocacy presence across provincial and federal jurisdictions. Her leadership supported continued membership growth and elevated the organization’s role as a national platform for responsible lending and financial innovation.

“On behalf of our members and the CLA team, I want to extend our sincere gratitude to Gayle for her remarkable leadership as Chair,” said Gary Schwartz, President & CEO of the Canadian Lenders Association. “Her strategic guidance and commitment to responsible innovation have been instrumental in shaping the Association’s progress over the past two years. We wish her great success in her new senior role at BMO.”

Schwartz added:

“We are delighted to welcome Michael as our new Chair. His deep experience across commercial banking, auto finance, risk management and national credit markets makes him uniquely suited to lead the CLA at a time when lenders are navigating rapid technological change, shifting economic conditions and an evolving regulatory environment.”

As Chair, McGhee will help guide the CLA’s growing portfolio of executive platforms and sector summits, including the upcoming Auto Finance Summit on February 10, 2026 at the Metro Toronto Convention Centre, which brings together lenders, insurers and technology leaders to address fraud, remarketing, digital transformation and regulatory challenges in Canadian automotive finance. (Finance Events)

McGhee has held senior leadership roles across TD’s commercial banking and auto finance businesses and is widely known for his partnership-driven approach and his work with lenders, dealers and ecosystem partners nationwide.

“I am honoured to serve as Chair of the Canadian Lenders Association,” said Michael McGhee, Senior Vice President and Head, TD Auto Finance Canada. “This is a critical moment for Canada’s lending ecosystem. Collaboration across banks, non bank lenders, fintechs and regulators will shape how we meet consumer and small business needs in a rapidly changing market. I look forward to supporting the CLA’s mission of responsible innovation and strong industry standards.”

As Chair, McGhee will work with the CLA Board and executive team to:

  • Expand the Association’s cross-sector membership and strengthen national representation
  • Advance policy engagement on open banking, credit accessibility, fraud mitigation and consumer protection
  • Grow the CLA’s executive roundtables, working groups and national summits, including the Auto Finance Summit, Canadian Finance Summit and Canadian Lenders Summit
  • Promote data-driven risk management, financial literacy and responsible technology adoption in lending

About the Canadian Lenders Association

The Canadian Lenders Association (CLA) represents banks, credit unions, non bank lenders, fintechs and ecosystem partners committed to innovation, transparency and responsible access to credit for Canadians. The CLA provides advocacy, research, peer collaboration platforms and sector-specific events to support stronger consumer and business lending outcomes across Canada.

For more information, visit www.canadianlenders.org