Peter Bethlenfalvy

Peter Bethlenfalvy is a Canadian businessman and politician currently serving as Ontario Minister of Finance and President of the Treasury Board of Ontario.[1]

The Honourable

Peter Bethlenfalvy

MPP
Ontario Minister of Finance
Assumed office
December 31, 2020
PremierDoug Ford
Preceded byRod Phillips
President of the Treasury Board
Assumed office
June 29, 2018
Preceded byEleanor McMahon
Member of the Ontario Provincial Parliament
for Pickering—Uxbridge
Assumed office
June 7, 2018
Preceded byTracy MacCharles
Personal details
Political partyProgressive Conservative
OccupationFinancial executive
Websitepeterbethlenfalvympp.ca

A member of the Progressive Conservative Party, he has been the MPP for Pickering—Uxbridge since June 2018. On December 31, 2020, Bethlanfalvy became Minister of Finance after the resignation of Rod Phillips.[2]

Early life

Bethlenfalvy was born in Montreal, Quebec, to Hungarian immigrants.[3] He earned a BSc in Physiology and an MBA from McGill University, and a MA from the University of Toronto.[4]

In business, Bethlenfalvy served as the chief investment officer at CST Consultants Inc. He has also held various other senior financial roles: senior vice-president of financial regulations at Manulife Financial, co-president of DBRS Ltd. (where the agency downgraded Ontario's long- and short-term debt ratings in 2009) and as President and COO of TD Securities in New York.[5]

Political career

He was elected to the Legislative Assembly of Ontario in the 2018 provincial election.[6] Pickering-Uxbridge was a new provincial riding for 2018. It was created out of parts of Pickering—Scarborough East, Ajax—Pickering and Durham.

On June 29, 2018, Bethlenfalvy was appointed President of the Treasury Board in Premier Doug Ford's Cabinet.[7]

In office, Bethlenfalvy has worked on projects such as a line-by-line review of government spending,[8] government modernization initiatives called the Smart Initiatives[9], and a public sector compensation limitation bill.[10]

Bethlanfalvy became Minister of Finance after the controversial resignation of Rod Phillips on December 31, 2020.[2]

Electoral record
2018 Ontario general election
Party Candidate Votes%
Progressive ConservativePeter Bethlenfalvy22,44742.20
New DemocraticNerissa Cariño17,03332.02
LiberalIbrahim Daniyal10,85120.40
GreenAdam Narraway2,1053.96
LibertarianBrendan Reilly2730.51
IndependentWilliam Myers1940.36
Ontario Moderate PartyNetalia Duboisky1110.21
IndependentMichelle Francis960.18
IndependentEric Sivadas830.16
Total valid votes 53,193100.0  
Progressive Conservative pickup new district.
Source: Elections Ontario[11]

References
  1. Loriggio, Paolo. "'Together we will blaze a new trail,' says Ontario's new Premier Doug Ford". CTV News. Retrieved 29 June 2018.
  2. Herhalt, Chris (December 31, 2020). "Rod Phillips resigns as Ontario finance minister following secret pandemic getaway". CTV News. Retrieved December 31, 2020.
  3. "Transcript: Peter Bethlenfalvy: The Money Man | May 13, 2019 | TVO.org". www.tvo.org. Retrieved 2019-12-17.
  4. "LinkedIn".
  5. Calis, Kristen. "MPP-elect Peter Bethlenfalvy turns Pickering blue". DurhamRegion. Metroland Media. Retrieved 20 June 2018.
  6. Henry, Michelle (June 7, 2018). "PCs sweep Durham, Ajax and Pickering-Uxbridge". Toronto Star.
  7. "Full list of Doug Ford's new cabinet in Ontario". Retrieved 2019-12-17.
  8. "Line-by-Line Review". news.ontario.ca. Retrieved 2019-12-17.
  9. "Ontario streamlines transfer payments, moves to online-first driver's licence and health card renewals | The Star". thestar.com. Retrieved 2019-12-17.
  10. "Ontario introduces legislation to limit compensation increases in the public sector". Emond Harnden. 2019-06-14. Retrieved 2019-12-17.
  11. "Summary of Valid Votes Cast for each Candidate" (PDF). Elections Ontario. p. 8. Archived from the original (PDF) on 28 December 2018. Retrieved 20 January 2019.
Political offices
Ontario provincial government of Doug Ford
Preceded by
Eleanor McMahon		 President of the Treasury Board
June 29, 2018–present		 Incumbent
Preceded by
Rod Phillips		 Minister of Finance
December 31, 2020–present		 Incumbent
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