Mr. Hay holds a Bachelor of Arts from the University of Toronto and a Bachelor of Laws from York University. He held the position of Vice Chair and Managing Director of CIBC World Markets Inc. from 2010-2015 with power / utilities and infrastructure as a major focus. Prior to this, he was President & CEO of New Brunswick Power for six years, where he led a major restructuring of the crown utility. Mr. Hay serves as the Managing Director of Delgatie Incorporated, a financial services advisory firm. He is currently a director of Hydro One Limited, and EPCOR Utilities Inc., a Member of the Council of Clean and Reliable Energy and a Fellow of the Ivey Energy Policy and Management Centre. Mr. Hay has also served as Senior Vice President and Director of Merrill Lynch Canada Inc., based in Toronto and London, England as a Managing Director in the Mergers and Acquisition group. Mr. Hay was a lawyer with the firm of Osler, Hoskin and Harcourt and a Law Clerk to the Chief Justice of the High Court of the Supreme Court of Ontario.