Launch of ONE Joint Investment Board
ONE Investment worked closely with the six Founding Municipalities to shape the Prudent Investor solution and tailor it specifically to the needs of Ontario’s municipal sector. The ONE Joint Investment Board (JIB), is a municipal services Board created by the Founding Municipalities to manage municipal investments under the Prudent Investor Regime. The seven-member JIB convened for its inaugural meeting on May 19, 2020.
Many ONE JIB members have worked with ONE for several years through participation on ONE’s Investment Advisory Committee (Legal List) and are committed to understanding the sector. They advised on the development of the Prudent Investment Program, including providing expertise and oversight into the selection of the foundational investment offerings included in ONE’s Prudent Investment Program.
ONE JIB manages combined Municipal Investments of over $500 million dollars under the Prudent Investment Program. ONE JIB is comprised of current and former municipal treasurers and investment industry professionals.