Board of Directors

Chair

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

  • Member of the Finance & Audit Committee
  • Member of the Public Policy 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 businesses. She is a member of BlackRock's Global Operating Committee, Global Human Capital Committee and Americas Executive Committee.

Beyond the firm, Ms. Moffat is actively involved with various industry and philanthropic organizations. She is on the board of the Canadian Coalition for Good Governance, the C.D. Howe Institute and the Ontario Brain Institute, and is a member of Ontario's Panel on Economic Growth and Prosperity. In addition, she is a member of the Business Council of Canada.

Ms. Moffat has spent most of her career in financial services, including several years at the Royal Bank of Canada where she held senior roles in 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 holds an MBA from the Rotman School of Management, an LLB from the University of Toronto Faculty of Law and a BS (biology) from McGill University. She is also a member of the New York State Bar Association.

Vice-Chair

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

  • Vice Chair of the Member Engagement Committee
  • Member of the Governance and Nominating 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 $10.8 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 at CIBC and 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.

 

 

 

 

 

 

Director

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

  • Vice Chair of the Finance & Audit Committee
  • 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.

Director

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 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 in excess of $400 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. Prior to joining RBC GAM in November 2002, Dan was Managing Director, Capital Markets Research and Chief Strategist at RBC Capital Markets.

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

For many years, Dan has been active in the Canadian investment community. He served as Chair, Canadian Coalition for Good Governance from 2012 – 2016, is currently Vice-Chair and is past Chair of its Public Policy Committee. In addition, he is a member of CFA Society Toronto Advisory Council, a past 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.

 

 

Director

Martin Gerber
President and Chief Investment Officer
Connor, Clark & Lunn Investment Management Ltd.
Vancouver, British Columbia
Board Member since June 13, 2017

  • Member of the Member Engagement Committee

Martin began working at Connor, Clark & Lunn Investment Management Ltd. (“CC&L”) in 1991 as an analyst. Over the ensuing 10 years Martin had a broad range of responsibilities including equity trading, fundamental and quantitative research, strategy and portfolio management. Martin was Head of the Quantitative equity team from 2000 to 2015. Martin was appointed Vice-President in 1994 and became a Director of CC&L in 1999. In 2013, Martin was appointed President and Chief Investment Officer and Chair of the Risk Management Committee of CC&L.

Martin is on several non-for profit Boards and Committees.

 

 

Director

Duane W. Green 
President and CEO
Franklin Templeton Investments Canada (Fiduciary Trust Company of Canada)
Toronto, Ontario
Board Member since June 13, 2017

  • Vice Chair of the Public Policy Committee

Duane Green is president and CEO of Franklin Templeton Investments Canada and of Fiduciary Trust Company of Canada. Leveraging more than 20 years of experience in the financial services industry, he oversees Franklin Templeton's Canadian business.

Mr. Green previously served as managing director - Canada, responsible for the firm's Canadian retail, institutional and HNW distribution business. Prior to that, he was head of Institutional, Canada. Mr. Green joined Franklin Templeton in 2004 as vice president, Strategic Alliances. Before joining the firm, he was a vice president at an international insurer.

Mr. Green is chair of the board and director of Franklin Templeton Investments Corp., director of Fiduciary Trust Company of Canada and is chair and director of FTC Investor Services Inc. He also serves as president, CEO and director of both Templeton Growth Fund Ltd and Franklin Templeton Corporate Class Funds Ltd. He is on the Board of Directors of the Investment Funds Institute of Canada (IFIC), the Canadian Coalition for Good Governance (CCGG) and Business for the Arts (BftA). He also sits on the Pension Committee of Canada's National Ballet School and is a past board member of Canada's National

Ballet School and of Crohn's and Colitis Canada. In 2017, he was honoured as recipient of the Women in Capital Markets Male Leadership Award.

Mr. Green has a degree in economics from the University of Ottawa and is a fellow of the Canadian Securities Institute. He holds the FMA, CIM, and FCSI designations.

 

 

 

 

 

Director

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

  • Vice Chair of the Governance Committee
  • Member of the E&S Committee

Stéphanie Lachance is Vice President, Responsible Investment – Total Fund Strategy Group at PSP Investments. She leads the Responsible Investment group which plays an advisory role to the organization, ensuring that environmental, social and governance factors are incorporated in the investment strategy and across all asset classes. She is a member of the Senior Management Group Committee and Risk and Investment Committee of PSP Investments.

Prior to joining PSP Investments in 2006, Stéphanie was Senior Legal Counsel Compliance and Assistant Corporate Secretary at Quebecor Media. Previously, Stéphanie was Manager Corporate Finance at the Autorité des marchés financiers, Legal Counsel at the Toronto Stock Exchange and Corporate Finance Analyst-Legal Counsel at the at the Montréal Exchange. She started her career practicing corporate and securities law.

Stéphanie holds a Law Degree (LLB) from the Université de Montréal and is a member of the Quebec Bar. She is a Board member of the Canadian Coalition for Good Governance (CCGG), Chair of the Member Engagement Committee of the CCGG and a member of the Investment Fund Review Committee of the Corporation de services du Barreau du Québec.

 

 

Director

Hugh O’Reilly 
President and CEO
OPTrust
Toronto, Ontario
Board Member since June 13, 2017

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

Hugh O’Reilly is President and CEO of OPTrust, one of Canada’s leading defined benefit pension plans with offices in London, Sydney and Toronto. In this role, Hugh is responsible for the management of the pension fund’s more than $20 billion in net assets and the administration of the plan, which is fully funded.

Hugh has served as the President and CEO of OPTrust since January of 2015. During the period of his tenure, Hugh has led an organization-wide transformation.

Recognized as one of Canada’s foremost pension legal experts, Hugh has extensive expertise in the governance and operations of jointly sponsored pension plans. Included among his competencies are a comprehensive knowledge of pension plan best practices, investment strategies and asset classes.

Prior to joining OPTrust, Hugh led the Pension Benefits and Insolvency Practice at Cavalluzzo Shilton McIntyre Cornish LLP.

Over the course of his career, he served as Senior Policy Advisor and Chief of Staff to a Government of Ontario cabinet minister, was Senior Corporate Counsel at Canada Trust and practiced law as an associate at Osler, Hoskin & Harcourt LLP, and a partner at Torys LLP in Toronto.

Hugh is a highly-regarded and sought-after speaker at national and international conferences and events, including the University of Calgary, Harvard Law School and Oxford University. He is a member of the TMX Advancing Innovation Roundtable, the editorial advisory board of Benefits and Pensions Monitor and is a member of the Board of Directors of the Canadian Coalition for Good Governance (CCGG).

In 2016, Hugh was the recipient of the Industry Leadership Award from Benefits Canada Workplace Benefits Awards and was also named to the Wealth Professional Magazine 2016 Hot List. In 2017, Hugh received a CORPaTH Crystal Globe award, in acknowledgement of OPTrust’s ongoing efforts to promote defined benefit pension plans globally.

 

 

 

 

 

Director

Kim Shannon, CFA, MBA
President & Co-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

Kim founded Sionna in 2002 and has more than 35 years of industry experience. She is the president and co-chief investment officer at Sionna, and was previously chief investment officer and senior vice president at Merrill Lynch Investment Managers Canada. Kim serves as a board member with the Canadian Coalition for Good Governance and is the Chair of its Governance Committee. She is also on the board for the Brandes Institute, the Ontario Arts Foundation, United Corporation (a listed closed-end fund), a member of the C.D. Howe Institute’s National Council and the CFA Institute Board of Regents (she previously served as its chair). Kim is also a past president of the CFA Society Toronto. She was awarded Morningstar Fund Manager of the Year (2005), the RBC Canadian Woman Entrepreneur Award, the Women’s Executive Network’s Canada’s Most Powerful Women: Top 100 Award (2007, 2017), continuously listed as one of Profit Magazine’s Top 100 Female Entrepreneurs over the last several years and a recipient of the 2015 Rotman Women in Management Association Top 10 Awards (Entrepreneur Category).

 

Director

John Sinclair
President and Chief Executive Officer
Vestcor Inc.
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 Vestcor Inc. (formerly the N.B. Investment Management Corporation - NBIMC) and is primarily responsible for the investment management and benefit administration services for several public sector-based client groups that total more than $16.5 billion in assets.

He started his career in a logistics planning role with General Motors Corporation and worked in a number of corporate and investment banking positions with Citigroup Inc. John joined NBIMC in 2000, was the Chief Investment Officer from 2002 until early 2016 and has been the President and Chief Executive Officer since 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 for Good Governance, and the Advisory Board of Atlantic Industries Limited, participates on the Investment Committee of the University of New Brunswick, Beaverbrook Art Gallery, and the Fredericton Community Foundation, and is a past Director of the Pension Investment Association of Canada.

 

Director

Kevin Uebelein
Chief Executive Officer
Alberta Investment Management Corporation (AIMCo)
Edmonton, Alberta
Board Member since June 13, 2017

  • Chair of the Member Engagement Committee

Kevin Uebelein joined the Alberta Investment Management Corporation as Chief Executive Officer in January 2015. AIMCo is responsible for managing over $100 billion of pension and endowment assets.

Prior to joining AIMCo, Kevin was President and Chief Executive Officer of Pyramis Global Advisors, the institutionally-focused asset management unit of Fidelity Investments, holding assets in excess of USD 200 billion, and was also the Global Head of Investment Solutions at Fidelity Investments. Previously, Kevin held a variety of positions with Prudential Financial Inc., including Head of Alternative Investments, and culminating as Chief Investment Officer for International operations.

Mr. Uebelein holds a Bachelor of Accounting degree from Harding University, and an MBA from Rice University. He is a Chartered Financial Analyst (CFA), and holds the ICD Director designation.

 

 

 

 

Director

Jeff Wendling
Senior Vice President & Chief Investment Officer
Healthcare of Ontario Pension Plan (HOOPP)
Toronto, Ontario
Board Member since June 15, 2018

  • Chair of the Public Policy Committee

Jeff Wendling is the Senior Vice President & Chief Investment Officer for the Healthcare of Ontario Pension Plan (HOOPP) where he oversees all investment strategies and assets, including public equity, fixed income, absolute return, real estate and private equity.

Jeff joined HOOPP in 1998 as an equity portfolio manager and later become head of Public Equities. In 2011, under a dual CIO model, Jeff was appointed Senior Vice President & Chief Investment Officer, Equity Investments. In 2018 Jeff became the sole Chief Investment Officer for HOOPP.

As the CIO, Jeff has been involved in evolving the HOOPP Fund through a Liability Driven Investment approach. This approach, coupled with solid investment results, has allowed HOOPP to maintain its strong funded position, keeping plan pricing stable while providing benefit improvements to plan members.

He earned a degree in economics and an MBA from the University of Toronto, and holds the Chartered Financial Analyst designation. Jeff is also a board member of the Canadian Coalition for Good Governance and is the chair of its Public Policy Committee.

Director

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

  • Chair of the Finance and Audit Committee

Rob Vanderhooft, CFA, is Chief Executive Officer & Chief Investment Officer of Greystone Managed Investments Inc.

Rob joined Greystone in 1991, the firm’s third year of operation. In 1998, he was promoted to Chief Investment Officer with overall responsibility for the firm’s investment management philosophy and process execution.

On July 1, 2006, Rob was appointed 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. Rob also remains as the firm’s Chief Investment Officer and oversees Greystone’s investment strategy, new-product development and in-house investment teams covering Canadian equities, fixed income, U.S. equities, international equities, real estate, mortgages and infrastructure.

Rob currently sits on the Board of the Canadian Coalition for Good Governance, the Regina Airport Authority, the Saskatchewan Roughriders Football Club, and is a past-President of the Saskatchewan Chapter of Chartered Financial Analysts. In addition, he is a member of YPO Gold, Young Presidents’ Organization.

Director

Barbara Zvan
Chief Risk & Strategy Officer
Ontario Teachers’ Pension Plan
Toronto, Ontario
Board Member since June 14, 2016

  • Chair of the E&S Committee
  • Member 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 Risk & Strategy 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 and her team provide 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, Institute of Corporate Directors designation (ICD.D) and holds a Master of Mathematics from the University of Waterloo.

Ms. Zvan serves as the Chair of the 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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