Marret Asset Management Inc.
Barry Allan is the founding partner of Marret Asset Management Inc. He has over 30 years of investment experience and has successfully operated in virtually all areas of the fixed income arena.
Prior to founding Marret, Barry spent 6 years with Altamira Management where he managed a wide variety of fixed income mandates and held secondary responsibilities on several equity and balanced mandates. He was also responsible for internal risk management and oversaw the hedging activities for the company’s Balance Sheet.
During this period, he was the lead manager of the Altamira High Yield Bond Fund, co-manager of the Balanced and Growth and Income Funds, and Lead Manager of the Global Bond and Global Short-Term Income Funds.
Barry also managed several institutional mandates with alternative investment strategies (swing funds shifting between Canadian and Global bonds, Hedge Fund being long and short Global Bonds and Currencies, Commodity Derivatives in equity portfolios, bonds with embedded options to gain convexity).
Barry has an undergraduate degree from the University of British Columbia and an MBA from the University of Arizona.
PBI Actuarial Consultants
Michel Charron, CFA
Michel Charron, an investment consultant at PBI Actuarial Consultants Ltd. and has been working with the PBI-Montreal investment team since 2009. Mr. Charron is involved in all aspects related to investment consulting at PBI, particularly in analyzing and monitoring manager performance. He participates in compliance issues, revising investment policies, asset allocation studies, development and implementation of management structures, manager searches, guidelines for exercising voting rights and the application of principles for responsible investing.
Mr. Charron is a Chartered Financial Analyst (CFA) charterholder and holds a Bachelor of Commerce degree from McGill University majoring in Finance. He also holds a Diploma from the Canadian Securities Course (CSC) and from the Canadian Investment Funds Course (CIF).
Head of ETF Capital Markets
Vanguard Investment Canada Inc.
Mario Cianfarani is head of ETF capital markets for Vanguard Investments Canada Inc. Before joining Vanguard in June 2015, Mr. Cianfarani was a portfolio manager at a Canadian ETF provider, responsible for domestic and global equity ETFs and sector-based, North American covered call ETFs.
Mr. Cianfarani has held senior trading and marketing positions with a number of Canadian capital markets teams. His experience includes trading equity derivatives and marketing derivative-related risk management solutions to a broad range of clients.
Head of SPDR ETF Business Development – Canada
State Street Global Advisors, Ltd
Bobby is a Vice President at State Street Global Advisors, Ltd and Head of SPDR ETF Business Development for Canada. Bobby focuses on the distribution of SPDR ETFs to institutional investors throughout Canada including pension plans, endowments, foundations, insurance companies, investment consultants, asset managers and banks. Prior to this role, Bobby spent over 3 years at First Trust Portfolios Canada as Senior Vice President and Head of Sales responsible for overall sales and distribution. He was also Director & Vice President, Head of National Accounts at Blackrock Asset Management responsible for asset managers and brokerage senior executive relationships. Bobby was instrumental in the success of the iShares, Exchange Traded Funds business in Canada being responsible for sales and business development across Canada.
Bobby also held sales and relationship management roles at Fidelity Investments and National Bank of Canada. He holds a Bachelor’s degree in Finance from Concordia University and holds the Certified Investment Management Analyst (CIMA) designation from the Investment Management Consultant Association (IMCA).
Independent Institutional Investment Consultant
Mr. Fahey was NAV CANADA’s Vice President, Pension Investments from September 2010 until January 2016. In this role, he led a team that was responsible for designing and executing the investment strategy and controlling the risk associated with NAV CANADA’s defined benefit pension plans. Since his retirement from NAV CANADA he has continued to devote time to the volunteer sector and various investment management activities.
Prior to joining NAV CANADA, Mr. Fahey was a founder and managing partner with Aurion Capital Management, a Toronto based institutional investment counseling firm. In this role he was responsible for all aspects of fixed income portfolio management for Aurion’s institutional clients. He was also a member of Aurion’s senior team responsible for strategic direction and firm management. Prior to joining Aurion in 1994, Mr. Fahey was the Vice President, Fixed Income at Barclays McConnell, a Toronto based institutional investment manager.
Mr. Fahey holds a Bachelor of Commerce degree from McGill University and a Masters of Business Administration degree from Concordia University. He also is a Chartered Financial Analyst charterholder. Paul is the Chairman of IPSOL Capital, an independent Montreal based investment management firm. Paul is also the Chairman of the Independent Review Committee of Canso Investment Counsel, a Richmond Hill based investment management firm. Additionally he is a director of Community Living Oakville, a social services agency that provides support to people with developmental disabilities and he serves on the Investment Committee of the Oakville Community Foundation. He has also served as a member of the executive committee of the Toronto CFA Society and the CFA Institute’s Presidents Council.
Chief Investment Officer
Zev is Chief Investment Officer with MS ARM in its Toronto office and has over 35 years of investment-management experience. Previously, he served as Executive Vice President and Chief Investment Officer with Open Access Limited. Additionally, he was a member of the Ontario Teachers’ Pension Plan investment team for 18 years.
Zev has extensive experience in all aspects of fund management – development of policies, strategic and tactical asset mix, risk management, selection of external managers, as well as internal management of global equity and overlay of derivative portfolios. He is a regular conference speaker on a variety of investment management topics and wrote several articles for Benefits Canada, the Canadian Investment Review, the Brandes Institute, Non Profit News and others on a variety of investment topics. He also received the 2010 Benefits Canada award for outstanding achievement and is on the 2010 list of “Top 25 Most Influential Plan Sponsors.”
Zev holds a B.A. in Economics and Statistics (Cum Laude) from the Hebrew University in Jerusalem, Israel, a M.Sc. in Economics from the Israeli Institute of Technology and has completed PhD comprehensive exams in finance at Simon Fraser University in Vancouver, BC. He is a graduate of the Institute of Corporate Directors. He is currently a member of the Brandes Institute Advisory Board, the Canadian Investment Review Advisory Board, and is a Crown Trustee of ONE-T (Ontario Non-union Education Trust – the Principals’ and Vice-Principals’ Associations and other non-unionized employees Employee Life and Health Trust). He also served for 5 years as a board member and treasurer of a not-for- profit organization.
CAAT Pension Plan
The CAAT Pension Plan provides secure defined benefit pensions to its 41,900 members who work at, or have retired from Ontario’s 24 community colleges and 14 other employers in the province’s postsecondary sector. The market value of the Plan’s assets exceeded $9 billion as of December 31, 2016.
Asif Haque leads CAAT’s public markets investment team, which is responsible for public fixed income, equity, absolute return, currency hedging and overlay programs. He has 22 years of industry experience.
Vice-President and Portfolio Manager
Signature Global Asset Management
Kamyar Hazaveh, Vice-President, Portfolio Management and Portfolio Manager with Signature Global Asset Management, began his investment industry career in 2006. He specializes in G10 fixed-income, cash and derivatives analysis, trading and portfolio management. Prior to joining Signature in 2014, Kamyar worked at Ontario Teachers’ Pension Plan for six years as a fixed-income trader and portfolio manager responsible for managing its $50 billion allocation to global nominal and inflation-linked bonds (real money role), as well as adding value through G10 alpha strategies in both cash and derivatives (internal hedge fund role). He was the architect of the fund’s Liability Driven Investing (LDI) strategy.
Mr. Hazaveh holds a Master of Mathematical Finance (MMF) degree from the University of Toronto.
Chief Executive Officer
Lead Fixed Income Portfolio Manager
J Zechner Associates Inc.
Jeff Herold is Chief Executive Officer at J Zechner Associates Inc. where he has been the lead fixed income manager for 16 years.
He began his investment career in 1978 and he joined J. Zechner Associates as a Partner in 1997. His responsibilities have included all fixed income management as well as asset mix strategy for balanced portions. Jeff has his B.Comm (1977) from the University of Toronto and his CFA (1982) designation.
Jeff has been managing institutional, pension, and mutual fund investments since 1978. His experience in fixed income markets spans several cycles and underlies his multi-strategy approach to managing fixed income portfolios.
Senior Director, Capital Markets
Rainer manages the Fixed Income, Liquidity and Credit group within Capital Markets. He joined OPTrust in 2015 to help begin the transition to internal management of Capital Markets investing activities including bond, fixed income derivatives, and repo trading. His group manages the Beta bond, credit, and liquidity money market portfolios in addition to Alpha portfolios in each.
Rainer started his career in Derivatives and has worked for buy and sell-side firms in Toronto and New York. He received his MBA degree from McGill University and a B.Sc. (Engineering Chemistry) from Queens University.
Teresa Kong is a Portfolio Manager at Matthews Asia and manages the firm’s Asia Strategic Income and Asia Credit Opportunities Strategies. Prior to joining Matthews Asia in 2010, she was Head of Emerging Market Investments at Barclays Global Investors, now known as BlackRock, and responsible for managing the firm’s investment strategies in Emerging Asia, Eastern Europe, Africa and Latin America. She developed and managed strategies spanning absolute return, active long-only and exchange-traded funds. In addition to founding the Fixed Income Emerging Markets Group at BlackRock, she was also Senior Portfolio Manager and Credit Strategist on the Fixed Income credit team.
Previously, Teresa was a Senior Securities Analyst in the High Yield Group with Oppenheimer Funds, and began her career with JP Morgan Securities Inc., where she worked in the Structured Products Group and Latin America Capital Markets Group. She received both a B.A. in Economics and Political Science and an M.A. in International Development Policies from Stanford University. She speaks Cantonese fluently and is conversational in Mandarin.
Principal and Portfolio Manager
PGIM Fixed Income
Johnny Mak is a Principal and portfolio manager for PGIM Fixed Income’s Emerging Market team. Mr. Mak is the regional portfolio manager for Non-Japan Asia, responsible for the analysis and management of hard and local currency emerging markets debt. Mr. Mak is also portfolio manager for the emerging markets sleeves of multi-sector and insurance portfolios.
Previously, Mr. Mak was an analyst for PGIM Fixed Income’s Portfolio Analysis Group for emerging markets and non-dollar fixed income portfolios, focused on formulating trade strategies, risk analysis, and performance attribution. Mr. Mak joined the Firm in 1997. He received a BS in Finance with a focus on Asian Studies and International Business from Seton Hall University.
Senior Vice-President and Portfolio Manager
Signature Global Asset Management
Geof Marshall, Senior Vice-President, Portfolio Management and Portfolio Manager, heads the high-yield bond team at Signature Global Asset Management. Mr. Marshall has extensive experience analyzing, managing and trading high-yield bonds, convertible bonds and leveraged loans. He is the lead manager of Signature High Yield Bond Fund and co-manages a number of Signature funds, including Signature High Income Fund, Signature Diversified Yield Fund, Signature Income & Growth Fund and Signature Corporate Bond Fund. Funds co-managed by Mr. Marshall have won three Morningstar Canadian Investment Awards and six Lipper Fund Awards.
He joined CI in 2006 from Manulife Financial, where he was a portfolio manager. Mr. Marshall holds a BA from the University of Western Ontario and the Chartered Financial Analyst designation.
VP of Business Development and Institutional Sales
Centurion Asset Management
Paul Mayer has been in the investment industry since 1993. From 1993 through to 2004, he worked at Mackenzie Investments, where he was a VP of Sales and later a VP of Marketing. After a time studying overseas, Paul joined Polar Asset Management Partners from 2007 to 2010, one of Canada’s oldest and largest hedge fund companies, where he became Head of Institutional Sales. Before joining Centurion Asset Management in 2016, Paul was Head of Business Development for a private equity CNS drug development firm, Clera Inc., and later of a Vancouver based fund of hedge funds, Inflection Asset Management.
Paul has his Honours Bachelor of Arts from Queen’s University and his Master of Business Administration from IESE Business School from Barcelona, Spain. He speaks English, French and German with an understanding of Spanish.
Director, Fx and Macro
Drew is a Director on the FX and Fundamental Macro Strategies desk within the Capital Markets Group. Prior to his current role, Drew worked on cross-asset strategy development and external partnerships, and in 2015, was part of a small team that conducted a year-long review of internal investment strategy, structure and operations and subsequently developed and implemented a new investment framework for the pension plan. He joined OPTrust in 2008, spending 6 years as a Portfolio Manager in the Private Markets Group, contributing to Private Equity and Infrastructure investment strategy development, transaction diligence and portfolio construction.
Before joining OPTrust, Drew was with London-based BMI Research, where he held various roles within the Global and Asian investment strategy teams. Drew earned a BA (Hons) from Queen’s University and an MSc from the University of Edinburgh.
Former President and CEO
University of Toronto Asset Management
William W. Moriarty, CFA is a Corporate Director and Advisor. He currently serves as an Investment Advisor to the Healthcare of Ontario Pension Plan, a Senior Advisor and Chair of the Risk Committee of RP Investment Advisors LP, Chair of the Invesco Canada Funds Advisory Board, Chair of Invesco Canada’s Independent Review Committee and on the Advisory Board of Tundra Process Solutions Ltd. And Canadian Overseas Investment Ltd. Mr. Moriarty is the former President, Chief Executive Officer and Chief Investment Officer of University of Toronto Asset Management Corporation, a registered Portfolio Manager and Investment Fund Manager managing $8.1B in pension assets and endowment funds. Prior to joining UTAM during 2008, Mr. Moriarty was a Vice Chairman of RBC Capital Markets.
Over his career at RBC, which began in 1983, Mr. Moriarty served as: Director of Equity Research and Chair of the Investment Strategy Committee; Head of the Global Research Division; Head of the Global Equity Division; Co-Head of the Capital Markets Services Division; and, Head of the Alternative Investments Division. He was also a member of the RBC Capital Markets’ Operating and Executive Committees, the Bank’s Pension Investment Committee, and a Director of RBC Asset Management Inc. (mutual funds) and RBC Capital Partners Limited (private equity). In addition, he has served on several community, industry and public Boards and was a founding Director of the Investment Industry Regulatory Organization of Canada and Chair of Market Regulation Services Inc. (the SRO that regulated securities trading and market related activities of participants on Canadian Stock Exchanges and alternative trading systems). More recently, he served as a member of the Ontario Ministry of Finance’s Pooled Asset Management Implementation Working Group. Mr. Moriarty holds a BA from the University of Toronto, an MA from the University of Chicago, a CFA from the CFA Institute and completed the Board Effectiveness Program at the Rotman International Centre for Pension Fund Management.
Institutional Investment Reporter
The Globe and Mail
Jacqueline Nelson is the institutional investment reporter at the Globe and Mail’s Report on Business. She covers the international strategy, deals and operations of the country’s largest pension funds, insurers and other investors.
Prior to joining the Globe as part of the financial services team, Jacqueline wrote for Canadian Business magazine covering news and crafting features on a variety of subjects.
Head of Client Portfolio Management
Liam O’Sullivan joined RPIA in 2010 and is a Principal and member of the operating committee. He leads the Client Portfolio Management team – which is responsible for developing fixed income solutions for clients, and communicating investment strategy and market commentary. Prior to joining RPIA, Liam held the position of Chief Risk Officer at Northwest Investment Management – a Convertible Arbitrage hedge fund based in London, UK.
Liam participates in the Big Brothers Big Sisters of Toronto mentorship scheme, and in his spare time likes to take part in long-distance running events.
Liam earned his CFA designation in 2011. He has an undergraduate degree in Politics, Philosophy and Economics from New College, Oxford and a master’s degree in Economics from UBC.
The Globe and Mail
David Parkinson has been covering business and financial markets since 1990, and has been with The Globe and Mail since 2000. He has been an economics reporter/columnist since 2014.
A Calgary native, he has an undergraduate degree in psychology from the University of Calgary, and a master’s degree in journalism from the University of Western Ontario. He received a Southam Fellowship from the University of Toronto in 1999-2000, studying international political economics.
Senior Vice-President and Chief Economist
Jean-François Perrault joined Scotiabank on December 31, 2015 as Senior Vice-President and Chief Economist. He leads a team of Economists to support Scotiabank’s domestic and international business lines and clients from retail to capital markets, providing Scotiabank’s senior executives, business lines and customers with perspectives, insights and forecasts on economic, financial market and policy developments.
Prior to joining Scotiabank, Jean-François held prominent roles with the federal government, the Bank of Canada, the International Monetary Fund and the World Bank. His educational background includes Master’s and Bachelor’s Degrees in Economics from the University of Ottawa.
ERWAN PIROU, CFA
Canadian Head of Fixed Income Research
Erwan Pirou, CFA
Erwan is a senior member of the manager research team and plays a crucial role in supporting the Investment Consulting practice. Erwan has a particular focus on fixed income and liability-driven investments. He researches a wide range of fixed income products from Canadian bonds to global and high yield bonds. He also has experience of structuring solutions with derivatives.
Before joining Aon Hewitt in 2007, Erwan was a credit analyst at Barclays in London and served as a fixed-income security portfolio co-manager. Erwan has a Master’s degree in corporate finance from Université de Rennes (France).
Fixed Income Portfolio Manager
MFS Investment Management
Robert Spector, CFA, is an investment officer and fixed income portfolio manager for MFS Investment Management® (MFS®). He is a member of several Canadian and global fixed income and multi-asset portfolio management teams and is also an institutional fixed income portfolio manager for several fixed income strategies as well. He is based in Toronto.
He is a member of MFS’ Fixed Income Strategy, Global Rates and Currency committees and is a member of the firm’s Capital Markets Board.
He joined the firm in 2005. His previous positions include head of Canadian economics and strategy and senior economist and strategist at Merrill Lynch, financial economist at BMO Nesbit Burns and associate editor and research analyst at BCA Research Group.
Robert earned his Bachelor of Arts degree at McGill University and his master’s degree at the University of Western Ontario. His concentration for both degrees was in economics. He is a CFA charter holder.
Our portfolio managers are supported by our entire team of investment professionals in nine worldwide offices. The team employs a proprietary investment process to build better insights for our clients. The core principles of our approach are integrated research, global collaboration and active risk management.
Vice President, Interest Rates and Inflation
Ray joined HOOPP in 2007 and has been responsible for actively managing the Plan’s $45 Billion fixed income and inflation-linked bond portfolios ever since. He began his HOOPP career as Portfolio Manager, Derivatives & Fixed Income and progressed to his current position as Vice President, Interest Rates & Inflation. He helped expand the Plan’s trading capabilities into international fixed income, inflation and rate derivatives markets and has been a consistent generator of Alpha over the years.
Ray also advises the Asset Mix Committee on decisions involving the Plan’s Liability Hedge Portfolios and has been actively involved in all market transitions which successfully evolved the Plan into incorporating a Liability Driven Investing (LDI) approach for its portfolio.
Prior to joining HOOPP, Ray was a bond and interest rate derivatives trader in the Capital Markets divisions of BMO Nesbitt Burns, TD Bank and National Bank Financial. He received his MBA and BA (Economics) from York University in Toronto.
VP Investments and Treasury
Mrs. Tessier is Vice-President, Investments & Treasury at CAA Club Group (Thornhill), where she oversees the corporate, pension and insurance assets of the company. She is currently a member of the Investment Advisory Committee to ‘The One Investment Program’, an investment program designed for Ontario Municipalities. She is a member of the Canadian Pension Investment Board’s Ontario Board. Prior to joining CCG, she was part of Invesco’s global product development team, with cross-asset class exposure that includes work across asset classes, including alternative credit.
Mrs. Tessier worked for 8 years at Mercer Investments as part of its Global Manager Research team and was a contributor to its OCIO program. She began her career in Montreal in product development at TAL Global Asset Management (now CIBC Global Asset Management). She has an Honors Bachelor of Commerce from Laurentian University. Mrs. Tessier is a CFA charterholder.
Associate Vice-President, Finance
Josh is the Associate-Vice President, Finance at Brock University. Josh joined Brock University in the capacity of Manager of Treasury in 2011. This was a new role for Brock University where Josh was able to develop investment strategies and policies from the ground up. Josh’s responsibilities expanded taking on the role of Director, Accounting and Treasury in 2014 until he was promoted to Associate-Vice President, Finance in 2017. As Associate-Vice President, Finance, Josh is responsible for the efficient control of all financial activities of the University, including budgeting, accounting, financial reporting and treasury functions. Josh also oversees Procurement services, Student Accounts and Financial Aid office, and Central Receiving and Mail Services. For more information on Financial Services at Brock University please visit brocku.ca/finance.
Prior to arriving at Brock in 2011, he spent several years in progressive analytical positions in the financial services industry, including working for Canadian Tire Financial Services (CTFS), Canada’s second largest MasterCard issuer. At CTFS Josh played a key role in the design, launch and risk management phases of new products such as the Canadian Tire Gas Advantage MasterCard, Personal Loans, and developing strategies for the Canadian Tire Money on the Card loyalty program.
Josh graduated from the University of Waterloo with a Bachelor of Arts, with a major in Economics, and graduated at the top of his class at Canisius (New York) when he completed his MBA (Finance). Josh is also a Chartered Professional Accountant (CPA).
Head of Credit and Deputy Head of Fixed Income (New York)
Alex Veroude, CFA
Alex joined the Fixed Income Group at Insight in July 2007 as Head of Credit, overseeing all credit activities with responsibility also for setting credit strategy. He also became Deputy Head of Fixed Income (New York) in June 2016. Alex oversees a team of more than 45 credit analysts covering corporate issuers (investment grade and high yield) as well as secured finance which includes ABS, CLOs and off-the-run private financings. Alex is a portfolio manager of the Global Alternative Credit Fund, the Secured Finance Fund, the Consumer Debt Recovery Fund and a number of customized separate accounts.
In April 2015, Alex relocated from London to New York to oversee the integration of a US credit business (Cutwater Asset Management) into existing Insight credit teams and processes and to spearhead the expansion of Insight’s US investment capability. Alex began his career at Gulf International Bank (formerly Saudi International Bank) in 1997, initially as a high yield analyst before managing structured product portfolios. He then became Head of Structured Products and latterly Head of Credit.
He holds a first class equivalent MSc in Quantitative Economics from Tilburg University in the Netherlands, is fluent in English, Dutch, German and Swedish and is a CFA charterholder.
Senior Vice President and Chief Economist
Royal Bank of Canada
As chief economist, Craig leads a team of economists providing economic, fixed income and foreign exchange research to RBC clients. Craig is a regular contributor to a number of RBC publications and is a key player in delivering economic analysis to clients and the media through the Economics Department’s regular economic briefings.
A graduate of Wilfrid Laurier University and the University of Toronto, Craig was appointed Chief Economist in 2001 having joined RBC 1994 after working at another financial institution for seven years. Craig is a participant in a number of the key RBC internal committees and is a member of the CD Howe Monetary Policy Council, Lazaridis School of Business Economics, Wilfrid Laurier University Dean’s Advisory Council and the British Columbia Economic Forecast Council.
Craig and his wife Susan live in Toronto with their three children Emily, Bradley and Jacob.