Arthur "Art" Phillips served as the 32nd mayor of Vancouver

Vancouver

Vancouver is a coastal seaport city on the mainland of British Columbia, Canada. It is the hub of Greater Vancouver, which, with over 2.3 million residents, is the third most populous metropolitan area in the country,...

, British Columbia

British Columbia

British Columbia is the westernmost of Canada's provinces and is known for its natural beauty, as reflected in its Latin motto, Splendor sine occasu . Its name was chosen by Queen Victoria in 1858...

, Canada

Canada

Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...

 from 1973 to 1977. Prior to being elected to this post, he founded the Vancouver investment firm of Phillips, Hager & North. Phillips was instrumental in founding a reform-minded, centrist municipal-level political party, TEAM

The Electors' Action Movement

TEAM was a centrist political party from 1968 to the mid-1980s at the municipal level in Vancouver, British Columbia, Canada. It fielded candidates for the office of mayor as well as for positions on the city council, school board, and park board...

 (The Electors' Action Movement), in 1968. Also in that year, he was elected as an alderman

Alderman

An alderman is a member of a municipal assembly or council in many jurisdictions founded upon English law. The term may be titular, denoting a high-ranking member of a borough or county council, a council member chosen by the elected members themselves rather than by popular vote, or a council...

 to Vancouver City Council.

Under Phillips' mayoral leadership, the city of Vancouver took a more cautious approach to real estate and related development and ensured that environmental and quality-of-life concerns were addressed by city planners.

Phillips was elected to the Parliament of Canada

Parliament of Canada

The Parliament of Canada is the federal legislative branch of Canada, seated at Parliament Hill in the national capital, Ottawa. Formally, the body consists of the Canadian monarch—represented by her governor general—the Senate, and the House of Commons, each element having its own officers and...

 in 1979 as a Liberal

Liberal Party of Canada

The Liberal Party of Canada , colloquially known as the Grits, is the oldest federally registered party in Canada. In the conventional political spectrum, the party sits between the centre and the centre-left. Historically the Liberal Party has positioned itself to the left of the Conservative...

, but was defeated the following year in his bid for re-election. After Phillips' defeat, he returned to private life at his investment firm. By 2007, Phillips, Hager & North had become a leading investment firm on the west coast, with over $66 billion of assets under management

Assets under management

Assets under management is a financial term used denote the market value of funds being managed by a financial instutition on behalf of its clients, investors, depositors, etc. This metric is a sign of size and success against competition...

.

His wife, Carole Taylor

Carole Taylor

Carole Taylor, OC is a Canadian journalist and former politician.She is currently serving as the Chancellor of Simon Fraser University since June 17, 2011. She previously served as British Columbia's Minister of Finance from 2005 until 2008 in the government of Liberal premier Gordon...

, served as a Vancouver alderman in the 1980s and then as chair of the Canadian Broadcasting Corporation

Canadian Broadcasting Corporation

The Canadian Broadcasting Corporation, commonly known as CBC and officially as CBC/Radio-Canada, is a Canadian crown corporation that serves as the national public radio and television broadcaster...

. In the 2005 British Columbia election

British Columbia general election, 2005

The 38th British Columbia general election was held on May 17, 2005, to elect members of the Legislative Assembly of the Province of British Columbia , Canada. The BC Liberal Party formed the government of the province prior to this general election under the leadership of Premier Gordon Campbell...

 she won election to the British Columbia Legislative Assembly as a Liberal

British Columbia Liberal Party

The British Columbia Liberal Party is the governing political party in British Columbia, Canada. First elected for government in 1916, the party went into decline after 1952, with its rump caucus merging with the Social Credit Party for the 1975 election...

 and was subsequently appointed Minister of Finance in Gordon Campbell's cabinet

Cabinet (government)

A Cabinet is a body of high ranking government officials, typically representing the executive branch. It can also sometimes be referred to as the Council of Ministers, an Executive Council, or an Executive Committee.- Overview :...

.

During his undergraduate years at the University of British Columbia (B.Com., 1953), Phillips was a member of the British Columbia Alpha chapter of the Phi Delta Theta

Phi Delta Theta

Phi Delta Theta , also known as Phi Delt, is an international fraternity founded at Miami University in 1848 and headquartered in Oxford, Ohio. Phi Delta Theta, Beta Theta Pi, and Sigma Chi form the Miami Triad. The fraternity has about 169 active chapters and colonies in over 43 U.S...

 Fraternity and was their chapter President in 1950.

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