Philippe Sarfati

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+1 416 863 8572 direct

Previous Experience

  • Senior Director and Head of Supervision Support Group, Office of the Superintendent of Financial Institutions 
  • Chief Risk Officer, Coast Capital Savings
  • Director and Head, Credit Risk, Canada Pension Plan Investment Board
  • Chief Risk Officer, PMI Canada
  • Vice President, Integrated Risk Policy, Stress Testing and Scenario Analysis, Bank of Montreal

Thought Leadership

  • Guest speaker, risk and governance, risk literacy and risk culture, Professional Risk Managers’ International Association/ Global Risk Institute/ The Canadian Institute

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Philippe Sarfati

Managing Director

Philippe helps clients in commercial, corporate, and international banking manage credit, market, and operational risks.


A risk-management professional with more than three decades of experience in financial services, Philippe spent 21 years at the Bank of Montreal, where he held various executive positions in corporate and investment banking, international banking, and group-risk management. 

Prior to rejoining Promontory, Philippe was senior director and head of the supervision support group at the Office of the Superintendent of Financial Institutions. At OSFI, he ran the risk-specialist group, a division that assesses credit, market, and operational risks for the supervisory sector. His responsibilities included risk-model validation, compliance management, corporate governance, and AML/ATF compliance. 

As chief risk officer of Coast Capital Savings, a Canadian credit union, Philippe developed and implemented the firm's framework for managing integrated risks. He also launched the group-risk-management function, which oversees all independent-oversight and internal-control functions. Under his leadership, CCS obtained the highest regulatory rating of any credit union in the province of British Columbia. 

Before CCS, Philippe served as director of credit risk at the Canada Pension Plan Investment Board, where he developed a framework to manage credit and counterparty risk for the pension fund's portfolios of private debt, commercial real estate, and financial institutions.


  • M.B.A., Ecole des Hautes Etudes Commerciales, Montreal
  • B.Com., McGill University, Montreal
  • Baccalaureat Sciences Economiques, Academie de Caen, Stanislas College, Montreal

Affiliations, Awards, and Civic Engagements

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