Board of Directors

Chair

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

  • Member 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 $9 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.

 

 

 

 

 

 

Vice-Chair

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 approaching $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 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

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

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

 

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 Green 
President and CEO
Franklin Templeton Investments Corp. Canada
Toronto, Ontario
Board Member since June 13, 2017

  • Member 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 businesses.

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.

Mr. Green 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.

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

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 62 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 and business ethics.

Mr. Jarislowsky has been active in other corporations, participated in educational, cultural and charitable activities of many kinds, endowed twenty-four 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, and University of British Colombia.

 

 

 

Director

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

  • Vice Chair of the Governance Committee
  • Chair of the Member Engagement Committee

Stéphanie Lachance joined PSP Investments in December 2006 as Corporate Secretary and was appointed Vice President, Responsible Investment 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 Autorité 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 and is involved with many organizations promoting good governance.

 

 

Director

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

  • Member of the Member Engagement 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, Human Capital Committee and Americas Executive Committee.

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

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.

Director

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

  • Member of the Finance and Audit Committee

Hugh O’Reilly is President and CEO of OPTrust with responsibility for all of the organization’s operations, overseeing management of the pension fund’s $18.4 billion in assets and pension plan administration.

Hugh is one of Canada’s foremost pension experts with extensive expertise in the operation and governance of jointly-sponsored pension plans. Before joining OPTrust, Hugh led the Pension Benefits and Insolvency Practice at Cavalluzzo Shilton McIntyre Cornish LLP.

During his career, Hugh also served as senior policy advisor and Chief of Staff to a cabinet minister in the Ontario government, held the role of Senior Counsel at Canada Trust and practiced law as an associate lawyer at Oslers and a partner at Torys in Toronto.

He is a member of the TMX Advancing Innovation Roundtable and the editorial advisory board of Benefits and Pensions Monitor.

In 2016, he was the recipient of the Industry Leadership Award from the Benefits Canada Workplace Benefits Awards and was also named to the Wealth Professional Magazine 2016 Hot List.

 

 

 

 

 

Director

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 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.

 

Director

John Sinclair
President and Chief Executive Officer
Vestcor 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 Vestcor Investment Management Corporation (formerly the N.B. Investment Management Corporation) which is primarily responsible for investment management services for a number of New Brunswick based public sector pension plans and other pools of investment capital.  He is responsible for the overall strategic direction and coordination of the investment management activity for approximately $16 billion in assets.

He started his career in a logistics planning role with General Motors Corporation, and prior to joining Vestcor, he 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 the Advisory Board of 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.

 

 

Director

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

  • Member 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 $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. Kevin is a Chartered Financial Analyst (CFA) charter holder, and has the ICD.D designation from the Institute of Corporate Directors.

 

 

 

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.

He is a member of the Board of the Canadian Coalition of Good Governance, the Regina Airport Authority and is also a past- President of the Saskatchewan Chapter of Chartered Financial Analysts.

Director

Barbara Zvan
Chief Risk & Strategy 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 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 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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