Board of Directors


Julie Cays, CFA
Chief Investment Officer
CAAT Pension Plan
Toronto, Ontario
Board Member since June 18, 2013

  • Chair of the Finance and Audit Committee
  • Member of the Governance and Nominating Committee
  • Member of the Public Policy Committee

Julie Cays is the Chief Investment Officer at the Colleges of Applied Arts and Technology (CAAT) Pension Plan which is the jointly sponsored, defined benefit pension plan for 43,000 members from 38 employers in the postsecondary sector in Ontario.   Julie joined CAAT in 2006 and has been instrumental in shaping the $8 billion CAAT investment portfolio to meet the Plan’s long term funding goals.  She has more than 30 years of capital markets and pension investment experience gained in various treasury and risk management roles at CIBC and as a Vice President at Healthcare of Ontario Pension Plan (HOOPP).

Julie is Chair of the Investment Committee of the J.W. McConnell Family Foundation and is past Chair of the Pension Investment Association of Canada.

Born in Toronto, she received her degree in economics from the University of Waterloo and has her Chartered Financial Analyst designation.





Daniel E. Chornous, CFA
Chief Investment Officer
RBC Global Asset Management Inc. 
Toronto, Ontario
Board Member since December 11, 2007
Board Chair since June 15, 2011
  • Member and Chair of the Finance and Audit Committee
  • Member of the Governance and Nominating Committee

Dan Chornous is Chief Investment Officer of RBC Global Asset Management Inc. (RBC GAM), the Royal Bank of Canada's wholly-owned investment management subsidiary. The firm manages assets approaching $351 billion for institutional, high net worth and retail clients in fixed income, equity and alternative mandates in Canada and around the world. At RBC GAM, Dan is responsible for the overall direction of investment policy and fund management. In addition, he chairs the RBC Investment Strategy Committee, the group responsible for global asset mix recommendations and global fixed income and equity portfolio construction for use in RBC Wealth Managements' key client groups including RBC Dominion Securities and RBC Phillips, Hager & North Investment Counsel. Prior to joining RBC GAM in November 2002, Mr. Chornous was Managing Director, Capital Markets Research and Chief Strategist at RBC Capital Markets. In that role, he was responsible for developing the firm's outlook for global and domestic economies and capital markets, as well as managing the firm's global economics, technical and quantitative research teams.

In December 2010, Dan joined the board of BlueBay Asset Management following its merger with RBC GAM. He also sits on the boards of BonaVista Asset Management and RBC Global Asset Management (UK) Ltd. and is a member of the RBC Pension Investment Strategy Committee.

For many years, Dan has been active in the Canadian investment community. He serves as Chair, Canadian Coalition for Good Governance and is a member and past Chair of its Public Policy Committee. In addition, he is a member of the Toronto United Way major giving cabinet campaign, a former Director of the Toronto Society of Financial Analysts and of the Winnipeg Society of Financial Analysts.

Dan is a graduate of the University of Manitoba (B. Comm, Honours, 1980) and is a member of The Associates, Asper School of Business. In 1985, Dan was awarded the Chartered Financial Analysts designation.



Derek Brodersen, CFA
Chief Investment Officer
Alberta Teachers' Retirement Fund
Edmonton, Alberta
Board Member since June 18, 2013

  • Member of the Member Engagement Committee

Derek Brodersen is Chief Investment Officer of the Alberta Teachers' Retirement Fund Board (ATRF), an independent corporation that administers the pension plans for teachers in the province of Alberta, Canada.  Derek is responsible for the development and implementation of investment policies and strategies, as well as the overall management of ATRF’s globally-diversified portfolio of pension assets.   Derek joined ATRF in 1997 as Portfolio Manager, Equities, and assumed the role of Chief Investment Officer in 2008. 

Prior to joining ATRF, Derek was Vice President, Equities at Crown Life Investment Management, and also managed investments in the firm’s fixed income and private equity areas.  Derek holds a Bachelor of Commerce degree from the University of Manitoba, an M.B.A. from York University, the Chartered Financial Analyst designation and the ICD.D designation.  He is a member of the Pension Investment Association of Canada, the Institute of Corporate Directors and is a board member of the Canadian Coalition for Good Governance.


Stephen A. Jarislowsky
Chairman & Former CEO
Jarislowsky, Fraser Limited
Montréal, Québec
Board Member since January 23, 2003

  • Member of the Public Policy Committee

Stephen A. Jarislowsky is the former President and current Chairman of Jarislowsky Fraser Limited, a firm he started 60 years ago. Over that time, he has directed the growth of the company to become one of the largest and most successful investment management firms in Canada. Throughout his career, Mr. Jarislowsky has been a strong advocate for shareholder rights.

Mr. Jarislowsky has been active in other corporations, participated in educational, cultural and charitable activities of many kinds, endowed twenty-one University S.A. Jarislowsky Chairs and contributes frequently to television, radio, magazines and newspapers. He is the recipient of the International Entrepreneurial Award from the University of Manitoba. Current public board directorships include Goodfellow Inc. where he a director.

Mr. Jarislowsky was named a Fellow of the Institute of Corporate Directors in June 2006 and was inducted into the Canadian Business Hall of Fame in May 2007.

Mr. Jarislowsky has B.Sc. Mech. Engineering from Cornell University along with an MA with Phi Beta Kappa Honours from the University of Chicago and a MBA from Harvard University. He is a recipient of the Companions of the Order of Canada, a Grand Officer de l’ Ordre National du Québec, Honorary LL.D. from Queen’s University, University of Alberta, Université de Montréal, McMaster University, Concordia University, Assumption University, l’Université Laval, Simon Fraser University, McGill University, University of Ottawa and University of Quebec, Mount Saint Vincent University and the University of New Brunswick.

Jim Keohane


Jim Keohane 
President & CEO
Healthcare of Ontario Pension Plan (HOOPP)
Toronto, Ontario
Board Member since June 18, 2013

Jim Keohane is President & CEO of Healthcare of Ontario Pension Plan (HOOPP).

As President & CEO, Mr. Keohane is responsible for the overall leadership and management of the organization, as well as for developing, implementing and overseeing - in consultation with HOOPP’s Board of Trustees - performance measurement programs, long-term strategies and annual work plans to ensure the organization meets the needs of Plan beneficiaries.

After completing his Bachelor of Science degree at the University of Ottawa, Mr. Keohane obtained his MBA at Queen's University. He is a Chartered Financial Analyst and has completed the Directors Education Program (Rotman School of Business) at the Institute of Corporate Directors.

Mr. Keohane is Chair of the investment committee of Queen’s University, member of the Board of Queen’s University[i], and board member of the Canadian Coalition for Good Governance.  Mr. Keohane was selected as a member of the Ontario Technical Advisory Panel on Retirement Income Security.  He is also a volunteer with United Way Toronto & York Region and a member of the 2015 and 2016 United Way Campaign Cabinet.







Stéphanie Lachance
Vice President, Responsible Investment
PSP Investments
Montreal, Quebec
Board Member since June 3, 2014

  • Chair of the Member Engagement Committee

Stéphanie Lachance joined PSP Investments in December 2006 as Corporate Secretary. She was appointed Vice President, Responsible Investment in addition to her Corporate Secretary function in June 2012. Before joining PSP Investments, Ms. Lachance was Senior Legal Counsel, Compliance and Assistant Corporate Secretary at Quebecor Media and held several positions as Legal Counsel and Manager at the Montreal Exchange, the Toronto Stock Exchange and the Autorités des marchés financiers. Ms. Lachance received her Law Degree (LLB) from Université de Montréal and is a member of the Quebec Bar. Over the years, she has developed expertise in the areas of corporate law, securities, governance and compliance.




Larry Lunn, CFA
Connor, Clark & Lunn Investment Management Ltd.
Vancouver, British Columbia
Board Member since September 15, 2010


Larry is the Chairman of the Connor, Clark & Lunn Financial Group Ltd. and Connor, Clark & Lunn Investment Management Ltd.

Larry has over 40 years of experience in the financial services industry, starting his career as a security analyst for Gairdner & Company in 1969. He went on to become Vice-President of Farmers and Merchants Trust in 1971, Senior Vice-President of Commerce Capital Corporation in 1976, and in 1979 he was appointed Executive Vice-President for First City Trust. In 1982 Larry founded Connor, Clark & Lunn Investment Management Ltd. and the 20/20 Financial Group in 1986.

Larry is a graduate of the University of Alberta and a CFA charter holder. He grew up in High River, Alberta and currently lives in Vancouver. Larry is a counsellor for the University of British Columbia Portfolio Management Foundation and member of the Public Policy Committee as well as Director of the Canadian Coalition for Good Governance.  Larry is also on the Board of Trustees for the Vancouver Art Gallery (Chair of the Finance / Audit committee and a member of the Executive and Acquisitions committees).


Marcia Moffat
Managing Director, Head of Blackrock Canada
Blackrock Canada
Toronto, Ontario
Board Member since June 14, 2016

  • Member of the Member Engagement Committee

Marcia Moffat, Managing Director, is Head of BlackRock in Canada.  As Country Head, she is responsible for the leadership and strategic direction of BlackRock's Canadian business.  She is a member of BlackRock's Global Operating Committee, Global Retail Executive Committee and Americas Executive Committee.

Ms. Moffat has spent most of her career in financial services, with industry experience across both institutional and retail businesses.  Her experience includes twelve years at the Royal Bank of Canada where she held senior roles in three distinct areas: Investment Banking, Investor Relations and Retail Banking.  Ms. Moffat began her career as a corporate finance lawyer in the New York and Paris offices of Shearman & Sterling.

Ms. Moffat is involved with several not-for-profit organizations.  This includes serving as Vice Chair and Chair of the Audit Committee for The Ontario Brain Institute, as a Board Member for the Canadian Coalition for Good Governance, and as a Committee Member for Bridgepoint Hospital's Great Jewellery Heist.

Ms. Moffat earned a BS degree in biology from McGill University in 1991, a law degree from the University of Toronto, Faculty of Law in 1996, and an MBA degree from the Rotman School of Management in 1996. She is also a member of the New York State Bar Association.



Donald F. Reed, CFA
President and Chief Executive Officer
Franklin Templeton Investments Corp.
Toronto, Ontario
Board Member since January 23, 2003

  • Vice Chair of the Governance and Nominating Committee
  • Member of the Finance and Audit Committee 

Donald F. Reed, President and Chief Executive Officer of Franklin Templeton Investments Corp., as well as Chief Executive Officer of Templeton Investment Counsel, LLC, is responsible for managing international global portfolios and currently manages institutional accounts in addition to a retail mutual fund for Templeton. Mr. Reed is also President, Chief Executive Officer, and a director of Templeton Growth Fund, Ltd. In addition, he is a director of Templeton Worldwide, Inc. and serves on the Executive Committee of Franklin Resources, Inc.

Prior to joining Templeton in 1989, Mr. Reed was President and Director of Reed Monahan Nicolishen Investment Counsel, a pension fund investment management company based in Toronto. He was President of the Toronto Society of Financial Analysts in 1983. In 1985, Mr. Reed was elected a director of the Financial Analysts Federation and has served on the executive committee of that organization. He was also a co-founder of the International Society of Financial Analysts. In 2000, Mr. Reed was the recipient of the Thomas L. Hansberger Award for Leadership in Global Investing. He is currently a director of the Canadian Coalition for Good Governance and the Investment Funds Institute of Canada, and he also serves on the Board of Governors for Acadia University.

Mr. Reed earned a B.Com. from Acadia University. In 1980, he received the Chartered Financial Analyst designation. Mr. Reed is also a Chartered Investment Counsellor (CIC).



Kim Shannon, CFA, MBA
President & CIO
Sionna Investment Managers Inc.
Toronto, Ontario
Board Member June 11, 2007 to June 15, 2011
Board Member since June 3, 2014

  • Chair of the Governance and Nominating Committee
  • Member of the Finance and Audit Committee

Kim founded Sionna in the summer of 2002 and has more than 30 years of investment management experience. She was previously chief investment officer and senior vice president at Merrill Lynch Investment Managers Canada Inc. Kim is a past president of the CFA Society Toronto. She is currently a member of the C.D. Howe Institute’s National Council, the CFA Institute Board of Regents (where she previously served as its chair), and on the board of the Brandes Institute. Kim also serves as a board member with the following: the Canadian Coalition for Good Governance, the Community Business Diversity Council, the Women’s College Hospital Investment Committee, and the United Corporation (a listed closed-end fund). Kim was awarded the Morningstar Fund Manager of the Year for 2005. She was also awarded the RBC Canadian Woman Entrepreneur Award, the Women’s Executive Network’s Canada’s Most Powerful Women: Top 100 Award in 2007, and has been continuously listed as one of Profit Magazine’s Top 100 Women of the year over the last several years. Kim was also one of the recipients of the 2015 Rotman Women in Management Association Top 10 Awards, under the Entrepreneur category.



John Sinclair
President and Chief Executive Officer
New Brunswick Investment Management Corporation
Fredericton, New Brunswick
Board Member since June 15, 2011

  • Member of the Member Engagement Committee

John Sinclair is the President and Chief Executive Officer of the N.B. Investment Management Corporation (NBIMC) which is primarily responsible for managing the financial assets of over 51,000 members of the New Brunswick Public Service, Teachers’, and Judges’ pension plans.  He is responsible for the overall strategic direction and coordination of the investment management activity for approximately $13 billion in assets.

He started his career in a logistics planning role with General Motors Corporation, and prior to joining NBIMC worked in a number of corporate and investment banking positions with Citigroup Inc. John joined NBIMC in 2000, became Chief Investment Officer in 2002, and President and Chief Executive Officer in 2003.

A native of New Brunswick, he holds both a B.Sc. and M.Sc. in Civil Engineering from the University of New Brunswick, and a Master’s in Business Administration with distinction from the Ivey Business School at Western University. He serves as a Director of the Canadian Coalition of Good Governance, and Atlantic Industries Limited, participates on the Investment Committee of the University of New Brunswick, the Beaverbrook Art Gallery, and the Fredericton Community Foundation, and is a past Director of the Pension Investment Association of Canada.


Bryan Thomson


Bryan Thomson, CFA 
Senior Vice President, Equity Investments
British Columbia Investment Management Corporation
Victoria, British Columbia
Board Member since June 18, 2013

  • Chair of the Public Policy Committee

Bryan Thomson is the Senior Vice President, Public Equities at bcIMC overseeing a program of approximately $60 billion in publicly traded equities investing in the global markets.  Public Equities manages 60% of the equities internally using both index and active strategies, with the remainder managed by external managers.  All internally managed assets are traded by the Equities trading desk.  bcIMC is committed to ESG integration, voting all proxies for investee companies and engaging with companies, policy-makers and other like-minded investors, on a range of environmental, social and, governance issues that can impact the return and risk of our investments.  Bryan joined bcIMC in 1997 after graduating from the University of Victoria and became the Department Head in 2002.  He holds the CFA Charter, ICD.D and is a board member of the Pacific Pension & Investment Institute, the Canadian Coalition for Good Governance and, the Aequitas NEO Exchange.

bcIMC is one of Canada’s largest institutional Investors managing a global investment portfolio of $120 billion.  Based in Victoria, British Columbia, bcIMC invests in all major asset classes including infrastructure and other strategic investments.  bcIMC’s clients include public sector pension plans, public trusts, and insurance funds.


Rob Vanderhooft, CFA 
Chief Executive Officer and Chief Investment Officer
Greystone Managed Investments Inc.
Regina, Saskatchewan
Board Member since June 15, 2011

  • Vice Chair of the Finance and Audit Committee

Rob came to Greystone in its third year of operation. Consequently, he helped shape the firm’s growth philosophy and process of investment management. Assuming the leadership of our Canadian equity team, he further sharpened process execution, skills he brought to the CIO’s role when the firm created the position in 1998. In 2002, he added the organization-wide responsibilities of President, and in the same year was named one of Canada “Top 40 under 40” by the Globe & Mail.

On July 1, 2006, Rob succeeded Don Black as Chief Executive Officer. As CEO, he is responsible for Greystone’s strategic direction and growth, working on a team basis with the firm’s executive officers in the operating areas of investment management, compliance, administration and marketing. He likewise steers investment product development and guides client service. Rob also remains the firm’s Chief Investment Officer, where he oversees investment strategy, new-product development and in-house teams covering Canadian equities, fixed income, US equities and Canadian real estate.

Before joining Greystone, Rob Vanderhooft spent four years with Great-West Life Assurance in the US equities area. He holds a B. Comm. from the University of Manitoba and is a CFA charterholder. An active volunteer, Rob has been a chair and Campaign Cabinet member for Regina’s United Way campaign. He is also past-President of the Saskatchewan Chapter of Financial Analysts.


Barbara Zvan
Senior Vice-President, Strategy & Risk and Chief Investment Risk Officer
Ontario Teachers’ Pension Plan
Toronto, Ontario
Board Member since June 14, 2016

  • Vice Chair of the Member Engagement Committee

Barbara Zvan provides liability and risk expertise focused on long-term Total Fund investment strategy, risk management and the governance framework. Ms. Zvan is also charged with ensuring the Plan is sustainable, and that the funding risk is aligned to the Board’s Risk Appetite Statement.

Ms. Zvan joined Ontario Teachers' in 1995 as an assistant portfolio manager and has risen to positions of increasing authority. As Chief Investment Risk Officer, she leads the Strategy & Risk team in supporting the Plan Sponsors in plan design decisions and the Board in determining the appropriate benchmarks and risk appetite. Ms. Zvan provides input and risk insights to the Investing teams and create an effective risk management framework to underpin it. In addition, Ms. Zvan drives the responsible investing and climate change risk management and strategy for the Fund and directs the Enterprise and Operational Risk Management approach for the organization.

Ms. Zvan is a Fellow of the Society of Actuaries and the Canadian Institute of Actuaries and holds a Master of Mathematics from the University of Waterloo.

Ms. Zvan serves as the Chair of Rotman’s International Centre of Pension Management (ICPM). Barbara also serves on the boards of Cadillac Fairview, Global Risk Institute and the Canadian Coalition for Good Governance.

She was honoured as one of Canada's 2008 Top 40 Under 40.

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