Advisory Board

CLAUDE BERGERON
Executive Vice President & Chief Risk Officer
Caisse de dépôt et placement du Québec

Claude Bergeron has been Executive Vice-President and Chief Risk Officer since November 2009. In this capacity, he oversees the teams responsible for monitoring, measuring and analyzing risk at la Caisse. His team is also responsible for promoting a risk culture within the institution by focusing on specialized expertise in la Caisse’s investment areas and applying the tools developed to identify risks. The team also plays an active role in all management processes. Co-Chair of the Investment-Risk Committee, Mr. Bergeron sits on the Executive Committee.

DEREK BRODERSEN
Chief Investment Officer
Alberta Teachers’ Retirement Fund

Derek Brodersen, Chief Investment Officer, Alberta Teachers’ Retirement Fund Derek Brodersen is responsible for the development, implementation and ongoing management of investment policies, strategies and systems and the monitoring and evaluating of investment performance and policy compliance.

Mr. Brodersen joined ATRF in February 1997 as Portfolio Manager, Equities; he assumed the role of Chief Investment Officer in September 2008. Previously, he was Vice President, Equities at Crown Life Investment Management Inc. and also managed investments in the firm’s fixed income and private equity areas. Mr. Brodersen holds Bachelor of Commerce from the University of Manitoba, an MBA from York University and CFA and ICD.D designations. He is a member of the CFA Institute, the Edmonton CFA Society, the Pension Investment Association of Canada, the Institute of Corporate Directors and is a board member of the Canadian Coalition for Good Governance.

DOUG CHAU
Chief Risk Officer and Head of Research
University of Toronto Asset Management (UTAM)

Doug joined UTAM in 2017 and is responsible for asset allocation modeling, risk management and measurement, research, and performance analysis. Doug chairs the Management Investment Risk Committee and is a member of several other internal management committees.

Previously, Doug worked for 15 years at OPTrust, where his responsibilities included developing strategic allocation models, risk factor research, internal and external portfolio evaluations, implementing performance and ALM systems and developing a set of quantitative tools to inform investment decisions.

Doug holds a PhD in Finance from the EDHEC Business School, a Master’s degree in Science with a specialisation in Finance from the University of Reading (M.Sc.), a Master’s degree in Statistics from the University of Toronto (M.Sc.), and a Bachelor’s degree in Mathematics and its Applications from the University of Toronto (B.Sc.). In addition, Doug holds the Chartered Financial Analyst (CFA), Professional Risk Manager (PRM) and Certificate in Quantitative Finance (CQF) designations.

MARK CORMIER
Director, Private Funds and Asset Management
Alberta Investment Management Corp.
 
Mark Cormier is a Director at Alberta Investment Management Corp. (“AIMCo”) where he is responsible for private equity fund investing and asset management. AIMCo is one of Canada’s largest institutional investment managers with more than $100 billion of assets under management, of which $5 billion is allocated to private equity. Mark and his team currently manage a portfolio of more than 30 funds across North America, Europe and Asia. Prior to joining AIMCo in 2012, Mark was an investment banker at J.P. Morgan in New York. During Mark’s time at J.P. Morgan, he advised telecom clients on equity, leveraged finance and M&A. Mark holds an MBA with Honors from the University of Chicago Booth School of Business. Mark started his career at the Boston Consulting Group.

JOHN DENHAM
Chief Investment Officer
Workplace Safety and Insurance Board (WSIB)

John is the Chief Investment Officer for the Workplace Safety and Insurance Board. In his role as the Chief Investment Officer, John is responsible for the development, management and implementation of the Strategic Investment Plan for the WSIB Insurance Fund, Loss of Retirement Income Fund and WSIB Employee’s Pension Fund. John Denham has been employed with the WSIB since January, 2005. Previously John worked for the IBM Retirement Funds team managing total fund governance and investments for the Canadian fund and Domestic Equities for the US Retirement Fund. Prior to IBM, John managed the Xerox Canada Retirement Fund and Treasury Operations group for 9 years. Prior to Xerox, John worked for Manulife and in public practice with Deloitte & Touche. John holds Chartered Accountant and Chartered Financial Analyst designations as well as a Bachelor of Mathematics from University of Waterloo.

JANET JULÉ
Chief Investment Officer
Saskatchewan Healthcare Employees’ Pension Plan (SHEPP)

Janet Julé was appointed Chief Investment Officer for the Saskatchewan Healthcare Employees’ Pension Plan in August 2015, with responsibility for making investment strategy recommendations, building and leading the internal investment department and administering the Plan assets. Prior to her current role, Janet was a partner with Aon Hewitt, with over 20 years investment consulting experience, working with private and public sector boards across a number of industries. Previously, she provided investment analysis and advice as a Director with Crown Investments Corporation of Saskatchewan, a holding company for the Province’s Crown and other investments. Janet holds Chartered Financial Analyst and Chartered Professional Accountant designations.
LEO KOLIVAKIS
Publisher
Penson Pulse
 
Leo Kolivakis is the publisher at Pension Pulse. He is a Canadian-based senior analyst specializing in pension funds and investments across public/private markets. A fluent bilingual senior economist and investment analyst, he brings over 15 years of experience in analyzing economic and financial trends across public and private markets and hedge funds.



CHARLES QUINTAL
President, Retirement Committee
Assembly of Quebec Catholic Bishops
 
Charles Quintal has over 30 years’ experience in corporate, structured and real estate finance and in managing various asset classes. From 2008 to 2011, he was Chair of the ‘MAV 1’ Advisory Committee, a $15 billion trust holding investments of Caisse de dépôt et placement du Québec, Mouvement Desjardins, National Bank of Canada, PSP Investments and Alberta Treasury Branches.

Over the same period, as AVP at Caisse de dépôt et placement du Québec, Charles was responsible for turning around the Caisse’s $12.5 billion frozen ABCP Portfolio. Prior to that, Charles oversaw the $1.2 billion ACE trust through which Société Générale’s Corporate and Investment Banking division ran its Canadian securitization business. He bought portfolios of auto loans and leases from major manufacturers as well as farm and construction equipment loans. Charles was also Vice-President, Structured Finance, Caisse de dépôt et placement du Québec and managed three public issues totaling $1.5 billion of Commercial Mortgage Backed Securities (CMBS) sold on the Canadian capital market.

STEPHEN J. THOMPSON
Executive Director, Capital Markets
Department of Treasury Board and Finance
Government of Alberta

Steve is the Executive Director of Capital Markets for the Government of Alberta. Steve heads up the Capital Markets team responsible for the development and execution of the Province of Alberta’s borrowing and debt management strategy, alternative finance projects and the development of investment strategy and investment policy for the Province’s $18 billion Heritage Fund and other provincial endowments. He advises government on the use of the Provincial credit and relationships with the global capital markets and investor communities. Prior to joining the Alberta team in 2013, Steve worked for 15 years at the Province of Nova Scotia where he was responsible for the Province’s extensive derivative portfolio, debt issuance and fixed income asset management. Prior to joining government, Steve spent 10 years with the Bank of Nova Scotia in operations and commercial banking. Steve is a Chartered Financial Analyst and holds degrees in Finance and Economics from Saint Mary’s University.

TERRI TROY
President
Troy Advisory Services Inc.
Retired Chief Executive Officer & Chief Investment Officer
Halifax Regional Municipality Pension Plan

Terri Troy recently retired as CEO of the Halifax Regional Municipality Pension Plan. She has more than 25 years of experience in investment management, pensions, corporate strategy, and mergers and acquisitions. As CEO of the Halifax Regional Municipality Pension Plan, she transformed the governance structure, investment strategy, and customer service function between 2006-2017. Innovative investment strategies implemented included factor investing, portable alpha, and a significant emphasis on private investments including co-investments, syndications/club deals with other large institutional investors, and direct investments, etc. While CEO, Terri was a Board member of Calon Energy, a UK based energy company and a Board member of Alignvest Management, a Canadian financial services corporation. She was a member of Investor Advisory Committees for various global private investments including UK, European and US private equity; UK, Australian and Canadian infrastructure; European, UK, Asian, US and Canadian real estate; and European, UK, and US private debt.

Prior to the CEO role, Terri was responsible for the investment strategy for RBC’s 33 global pension plans between 2000-2006. Prior to RBC, Terri held various roles at CIBC including corporate strategy, mergers & acquisitions, and wealth management.

Terri has held various leadership roles in the pension industry including being a Board Member of the Pension Investment Association of Canada from 2004-2009; Chair of the Board in 2007, Chair of the Investment Practices Committee 2004-2009, Chair of the Government Relations Committee, 2010-2011 and a member of the International Limited Partnership’s Association’s Education Committee 2016-2018.

Over the course of her career, Terri has received many awards including the Leading Pension Plan Sponsor Award in 2011 and the Top 25 Most Influential Plan Sponsors in 2009 & 2010. Terri has an MBA from York University and an HBBA from Wilfrid Laurier. She also holds the CFA charter and is currently enrolled in the Institute of Corporate Directors course at Rotman.

KEVIN ZHU
Managing Director, Head of Portfolio Construction
OPTrust

Kevin Zhu is Managing Director, Head of Portfolio Construction at OPTrust, one of Canada’s largest defined benefit pension funds with net assets of $19 billion.

Mr. Zhu has over 15 years of experience in the financial services industry, including both central banking and total portfolio investment strategy design for large Canadian defined benefit pension plans. He joined OPTrust in 2016 where he currently leads Total Fund portfolio management functions, including portfolio construction research and innovation, capital and risk allocation across asset classes and strategies, and dynamic overlay portfolio management. Previously, he held the position of Director, Strategy and Asset Mix at Ontario Teachers’ Pension Plan.

Prior to this appointment, Mr. Zhu was Senior Economist at the Bank of Canada. He holds a BA in Business and Administration from Donghua University in China, a MA in Economics from Carleton University and is a CFA Charterholder. Mr. Zhu was just named to Sovereign Wealth Fund Institute’s Public Investor 100.