Denis Varshavsky Email & Phone Number

Toronto, Ontario, Canada

Toronto, Ontario, Canada

Toronto, Canada Area

ISS is a leading corporate governance advisory business, assisting institutional investors and asset managers around the world with their proxy voting responsibilities.Denis's main role is to advise institutional clients on how to vote on M&A transactions in the Canadian market:• Conducts analysis of Canadian M&A proposals and collaborates with global research teams• Considers transaction due diligence process, fairness opinions, governance factors, company performance; identifies valuation and governance concerns• Reviews and performs valuations using various methods (i.e., multiples analysis, precedent transactions, DCF, implied premium)• Delivers timely and detailed reports• Communicates with issuers, investors and their financial and legal advisors• Authors articles and white papers on a wide range of issues• Covers annual meetings of Real Estate Investment Trusts (REITs) that are components of the S&P/TSX Composite Index and evaluates executive compensation agenda items• Demonstrates solid understanding of the Canadian capital market and corporate governance matters

Toronto, Canada Area

Institutional Shareholder Services (former MSCI Inc. subsidiary).Provided voting recommendations and analysis to institutional shareholders of TSX-listed companies:• Analyzed merger and acquisition transactions conducted by public issuers.• Applied quantitative and qualitative analytical frameworks on voting resolutions of TSX-listed companies.• Completed research reports detailing vote recommendations and rationale for a multitude of items put to shareholder approval (e.g. compensation, merger, and governance related proposals).• Distilled financial, corporate governance and legal information from all publicly available sources. • Answered client and issuer queries on analyses, policies and methodologies.• Supported and facilitated data collection, processing and reporting by utilizing programming languages and other technologies.• Participated in policy formulation.

Toronto, Canada Area

MSCI Inc (formerly Morgan Stanley Capital International):• Advised institutional investors on how to cast votes on their equity holdings at shareholder meetings.• Researched companies listed on TSX and prepared comprehensive reports for institutional investor clients (pension, hedge and mutual funds, asset managers) on corporate governance structures and practices at publicly-traded companies.• Measured risk and conducted due diligence regarding: board accountability, executive compensation and equity-based incentive plans, private placements, debt and equity financing transactions, asset sales, spin-offs, stock consolidations, by-law amendments, and other corporate actions.• Distilled and synthesized information from several sources such as financial statements, proxy circulars, SEDAR filings, press releases, Bloomberg.

Prepared and conducted weekly lectures on statistical and financial analysis, consulted students, held office hours, graded assignments, term papers and final exams:• Theory of Finance• Introduction to Econometrics

Israel Securities Authority (Israeli equivalent of SEC and OSC)• Performed qualitative and quantitative analysis of capital markets related issues, and prepared reports for executives.• Maintained financial databases and models, developed research methodologies and statistical tools.• Conducted empirical researches on corporate issues to guide policy makers and regulators.• Published study co-authored with chief economist of Israel Securities Authority.• Communicated with mutual funds and pension funds regarding corporate governance issues.

Central Bank of Israel, Banking Supervision Department (Israeli equivalent of OSFI)• Investigated financial statements of the banking industry.• Analyzed stability and profitability of commercial banks and researched industry trends.• Monitored credit portfolio quality and credit risk, market risk, capital ratios, performance indicators.• Collected, processed and analyzed accounting and statistical data for the team of 6 economists.• Compiled, validated and managed databases for financial analysis and reporting purposes.• Prepared presentations for delegations from central banks, IMF and the OECD.• Contributed to the preparation of the annual survey of the Israeli Banking System.

Master Of Arts (Ma), Economics

Master Of Business Administration (Mba), Finance And Banking

Bachelor Of Arts (Ba), Economics And Business Administration