Board of Directors

Jean-Guy Desjardins

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Jean-Guy Desjardins is Chairman of the Board and Chief Executive Officer of Fiera Capital Corporation, an independent investment management firm that he created in 2003. The firm has since continued its expansion by way of several acquisitions across North America, Europe and Asia.

After working as a financial analyst and portfolio manager for a life insurance company, Mr. Desjardins co-founded TAL Global Asset Management in 1972 and was its principal shareholder until its purchase by a financial institution in 2001.

Mr. Desjardins is a member of the Board of Directors of the Société de Services Financiers Fonds FMOQ, HEC Montréal, DJM Capital Inc. and the Canadian Institute of Advanced Research. 

Mr. Desjardins also supports a variety of community and social programs, in particular as a member of the Council of Governors of Centraide of Greater Montréal. Additionally, he sits on the Investment Committee of the Canadian Centre for Architecture and on the Executive Committee and the Board of Directors of the Orchestre symphonique de Montréal.

Mr. Desjardins graduated from Collège Mont-Saint-Louis in 1966 with a Bachelor of Arts. In 1969, he earned his L.Sc.Comm. (Finance) from HEC Montréal. Mr. Desjardins is also a CFA Charterholder. He was appointed to the Order of Canada in December 2014 and, in 2015, received the CFA Institute Award for Excellence, the highest and most prestigious distinction bestowed by the CFA Institute.

Réal Bellemare

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Réal Bellemare is Senior Vice-President, Operations and Performance and member of the management committee of the Desjardins Group. His executive division brings together the functions of the Chief Risk Officer, the Chief Compliance Officer, the Real Estate, Procurement and Desjardins Group Performance Administrative Division and the Project Redesign Executive Division. Mr. Bellemare joined Desjardins Group in 2009 as Vice-President, Corporate Banking and Capital Market Risk and Special Assignments before being named Executive VicePresident (Chief Risk Officer) Risk Management in 2011 and Senior Vice-President, Risk Management the following year. Before arriving at Desjardins, he served as Regional Director (Quebec), Group Risk Management, Commercial Credit & Special Loans at a major Canadian bank. Mr. Bellemare started his banking career in 1990, primarily in the area of commercial banking. Mr. Bellemare has a BA in Finance and an MBA from the École des Hautes Études Commerciales. He sits on the board of directors of the Mental Illness Foundation (since 2004) and the Fédération des chambres de commerce du Québec (since 2013).

Geoff Beattie

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Geoff Beattie is the Chairman and Chief Executive Officer of Generation Capital and Chairman of Relay Ventures. In addition, Mr. Beattie is a director of the General Electric Company, Baker Hughes Incorporated, a GE company, Maple Leaf Foods Inc. and Acasta Enterprises Inc. and retired in 2017 from his position as director of the Royal Bank of Canada. Mr. Beattie is a member of General Atlantic's Executive Advisory Board. Mr. Beattie served as Chief Executive Officer of The Woodbridge Company Limited and Deputy Chairman of Thomson Reuters from 1998 to 2013. He was also the Chairman of CTV Globemedia from 2004 to 2010. Prior to joining Woodbridge, Mr. Beattie was a partner in the Toronto office of the law firm Torys LLP, and was a vice-president at Wood Gundy from 1987 to 1990. Mr. Beattie received a law degree (JD) from the University of Western Ontario in 1984. Mr. Beattie is the Chairman of the Prosperity Institute at the Rotman Business School at the University of Toronto and a director of the Sports Hall of Fame.

Raymond Laurin

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Raymond Laurin, FCA, FCPA, ASC, Adm.A., served Desjardins Group in various key capacities for 32 years, helping to bolster the organization’s financial strength and shape it into Canada’s leading financial cooperative. He was named Chief financial officer of Desjardins Group in May 2008 and one year later, was appointed Senior vice-president, Finance and Treasury and chief financial officer of Desjardins Group. In addition, he served as functional manager of the Desjardins Group Audit and Inspection Commission, the Fonds de sécurité Desjardins, and of the Desjardins Group Pension Plan and its Board of Directors, investment committee, and audit, ethics and compliance committees. In May 2011, he was awarded the prestigious title of Fellow of the Ordre des comptables agréés du Québec in recognition of his distinguished career as a chartered accountant.

Mr. Laurin was appointed senior vice-president and strategic advisor to Desjardins Group management and the Federation in May 2012. In this capacity, he worked hand in hand with his successor to the position of CFO to ensure a smooth transition and also took on various strategic assignments at the behest of Desjardins top management. He retired from Desjardins Group in January 2013.

Jean C. Monty

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Jean C. Monty began his career at Bell Canada in 1974 and held numerous positions within the BCE group. He joined Nortel Networks Corporation in October 1992 as president and chief operating officer before being nominated president and chief executive officer in March 1993. On April 24, 2002, Mr. Monty, then chairman of the board and chief executive officer of Bell Canada Enterprises (BCE Inc.), retired after a 29-year career. He is a member of the Board and member of the Human Resources Committee of Nokia Corporation. He was a member of the Board of Directors of Bombardier Inc. from 1998 to 2017 and is a member of the Board of Directors of DJM and Fiera Capital Corporation. He is also a member of the International Advisory Board of l’École des Hautes Études Commerciales. He was appointed a member of the Order of Canada for his contribution to business, public interests, and community affairs. In recognition of these achievements, he was elected Canada’s Outstanding CEO of the Year for 1997. In addition, he was inducted into the Académie des Grands Montréalais.

Mr. Monty holds a Bachelor of Arts from Collège Sainte-Marie of Montréal, a Master of Arts in economics from the University of Western Ontario, and a Master of Business Administration from the University of Chicago.

Nitin N. Kumbhani

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Nitin N. Kumbhani is Vice Chairman and Chief of Growth Equity Strategies, U.S. Division. Mr. Kumbhani founded Apex in 1987 and has over 30 years of investment management experience. He served as CIO of Apex prior to its acquisition by Fiera Capital. Apex Capital Management was founded in 1987 with a singular focus on growth investing. Prior to launching Apex, Mr. Kumbhani started Source Data Systems, a software company which pioneered ATM software. He sold SDS and started Kumbhani and Co. (now Apex) in 1987. Nitin’s background as a developer of technology working with the financial services industry has served him well as a growth stock portfolio manager.

Mr. Kumbhani received his BS in Electrical Engineering and Economics and did graduate studies in Computer Sciences at West Virginia University.

Lise Pistono

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Lise Pistono is a CPA, CA and holds a Master of Commerce (major in econometrics) as well as a Master in Accountancy from HEC.

Throughout her 20 years of teaching experience at HEC, Ms. Pistono has been a member consecutively of the departments of Applied Economics, Quantitative Methods, and Accounting. From 1990 to 1998, she worked in internal audit for Montréal Trust and for Bell Canada. Between 1998 and 2004, she served as senior finance officer for a Bell Canada subsidiary and for a private office furniture and supplies distribution company. For the following two years, she joined KPMG consulting group in supporting organizations’ compliance with requirements of National Instrument 52-109 - Certification of Disclosure in Issuers’ Annual and Interim Filings.

Gary Collins

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Gary Collins is a senior advisor at Lazard Ltd., a global investment bank. In addition, Mr. Collins is a director of Chorus Aviation Inc., D-Box Technologies Inc. and Rogers Sugar Ltd. Mr. Collins has also previously served as a director on the boards of Catalyst Paper Corporation and Liquor Stores North America. Mr. Collins served as the President of Coastal Contacts Inc., a leading online direct-to-customer retailer of contact lenses and prescription eye glasses. In May 2014 Coastal Contacts was purchased by Essilor International. From April 2007 to June 2012 Mr. Collins was Senior Vice President, Corporate Development of Belkorp Industries Inc. Prior to that, Mr. Collins was the President and Chief Executive Officer of Harmony Airways from December 2004 until December 2006. From October 1991 to December 2004 he was a member of the British Columbia Legislative Assembly and served as Minister of Finance from June 2001 to December 2004.

David R. Shaw

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David R. Shaw is Founder and Chief Executive Officer of Knightsbridge Human Capital Management Inc., a national human resource firm. Prior to founding Knightsbridge, Mr. Shaw was president and chief executive officer of PepsiCo Canada Beverages from 1996 to 1999. Mr. Shaw is the former chairman of the North York General Hospital Foundation as well as the former chair of the Stratford Chefs School. He currently sits on the Queen’s School of Business Advisory Board, the Junior Achievement of Canada Foundation Board, the Princess Margaret Hospital Foundation Board, the Mother Parkers Tea & Coffee Inc. Board of Advisors and the board of directors of Brick Brewing Co. Limited.

Jean Raby

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Mr. Raby has been the CEO of Natixis Investment Managers (global asset management) since February 2017. He was previously CFO of SFR Group (telecommunications operator) from May to November 2016. Prior to his role at SFR Group, Mr. Raby was Executive Vice President, Chief Financial and Legal Officer of Alcatel-Lucent S.A. (telecommunication equipment) from September 2013 to February 2016. Effective March 1, 2016, he stepped down from his role at Alcatel-Lucent following the acquisition of Alcatel-Lucent by Nokia Corporation (telecommunication equipment). He served as adviser to the CFO of Nokia from March to April 2016. Mr. Raby has more than 25 years of experience in investment banking, law and finance. Prior to his role at Alcatel-Lucent, he spent 16 years in roles of increasing responsibility at the investment banking division of Goldman Sachs & Co. (investment banking, securities, and investment management), in Paris, France, where he became Co-CEO of the division in France in 2006 (then CEO in 2009), and in Russia where he became Co-CEO of Goldman Sachs’ activities in Russia and the Commonwealth of Independent States in 2011. He retired from Goldman Sachs at the end of 2012. In his early career, Mr. Raby was a corporate lawyer with the law firm Sullivan & Cromwell in New York (1989-1992) and in Paris (1992-1996).

Mr. Raby is a former member of the board of Université Laval. He holds a law degree from Université Laval, a Master of Philosophy in International Relations from University of Cambridge in the U.K., and a Master of Law from Harvard Law School. Mr. Raby is also a member of the New York State Bar Association.

Norman M. Steinberg

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Norman M. Steinberg is Vice-Chair of BFL Canada, where he also sits on the Board of directors. In addition, Mr. Steinberg is a director of Dorel Industries, Senior Advisor to Persistence Capital Partners, Chair of the McGill University Health Centre Foundation, Chair of the Board of Governors of the Montreal Symphony Orchestra, Co-Chair of Women in Governance, member of the Board of Directors and Organizing Committee of the Australia-Canada Economic Leadership Forum, and Strategic Advisor of Vanadium One Iron Corp.

In the period of 2005 to 2017, Mr. Steinberg served as Co-Chair and then Chair of Norton Rose Fulbright Canada and as Global Chair of Norton Rose Fulbright.

Mr. Steinberg holds a Bachelor of Science and a Bachelor of Civil Law from McGill University in Montréal, Québec.