2013 WEALTH MANAGEMENT CONFERENCE 17-18 October 2013 | Calgary TELUS Convention Centre
Speaker Biographies Charles D. Ellis, CFA Charles D. Ellis serves as a consultant on investing to large institutional investors, government organizations, and wealthy families, as a director of the Vanguard group of mutual funds and several business ventures, and as Managing Partner of a pro bono partnership of Harvard Business School classmates and friends, The Partners of ’63, which commits time and treasure in support of entrepreneurial, change-oriented ventures in education, particularly those focused on children born into tough circumstances. Charley’s professional career centered on three decades with Greenwich Associates, the international strategy consulting firm he founded in 1972. Recognized worldwide for the proprietary research which informs its consulting, the firm grew in the 30 years he was Managing Partner to serve the leading firms in over 130 professional financial markets around the world. Services to the investment profession include: Chair and two terms as governor of the profession’s CFA Institute and an associate editor of both The Journal of Portfolio Management and the Financial Analysts Journal. He is one of 11 individuals honored for lifetime contributions to the investment profession. Academic activities include two appointments (in 1970 and 1974) to the faculty of the Harvard Business School and one (in 1986) to the Yale School of Management, both to teach the advanced course on investment management, and 20 years on the faculty of the Investment Workshop at Princeton. Charley chairs the Whitehead Institute for Biomedical Research, where he also chairs the investment committee, and is a Trustee of the Robert Wood Johnson Foundation, where he chairs the finance committee. He has previously served as a successor trustee of Yale University, where he chaired the investment committee, as trustee of Phillips Exeter Academy and Eagle Hill School, and as an Overseer of the Stern Schools of Business at New York University. He has also served on the Visiting Committee and as a member of the Board of Directors of the Associates of the Harvard Business School. The author of 16 books, including What It Takes (John Wiley), The Partnership: The Making of Goldman Sachs (Penguin), Joe Wilson and the Creation of Xerox, CAPITAL, and Winning the Loser’s Game (McGraw-Hill), and with Burt Malkiel, Elements of Investing (all John Wiley & Sons), Charley has written over 100 articles for business and professional journals. His article “The Loser’s Game” won the investment profession’s Graham & Dodd award in 1977. Joe Wilson was selected as one of the best business books of 2006. A graduate of Exeter and Yale College, Charley earned an MBA (with distinction) at Harvard Business School and a Ph.D. at New York University. He is married to his best friend, Linda Koch Lorimer, Vice President and Secretary of Yale University. Their four children are Harold, Chad, Kelly and Peter.
Daniel Spencer, CFA Mr. Spencer joined the Board of CFA Society Calgary in July 2013 and currently serves as Program Committee Co-Chair. In 2012 he was awarded the CFA Society Calgary’s Volunteer of the Year Award and presently is a Co-Chair for the Wealth Management Conference Committee. Mr. Spencer currently holds the position of Senior Solutions Analyst with ATB Investment Management Inc. Mr. Spencer graduated from the University of Calgary with a BA in Economics and earned the right to use the Chartered Financial Analyst (CFA) designation in 2009. Chris Hooper, CFA Mr. Hooper is a member of the executive of the Calgary CFA Society and serves in the role of President. He was previously the Secretary and Co-chair of the Programs Committee. Mr. Hooper has served on the Calgary CFA Society Board of Directors since September, 2009. Mr. Hooper is a Senior Principal at KERN Partners, a Calgary based private equity firm with over $1.1 billion of assets under management. His responsibilities at KERN include monitoring existing investments, conducting investment analysis and performing strategic and financial due diligence. Mr. Hooper sits on the Board of Directors of Ember Resources and is an observer on the Board of Directors of Connaught Oil & Gas and Seven Generations Energy. Prior to joining KERN, he worked at Alberta Investment Management (now AIMCo.), one of Canada’s largest endowment fund/pension fund managers, where he was active in institutional private equity and infrastructure portfolios worth over $2.7 billion. Mr. Hooper holds a Bachelor of Commerce in Finance (with distinction) from the University of Alberta and is a CFA charterholder. Axel Merk Axel Merk, President & CIO of Merk Investments, LLC, is an expert on hard money, macro trends and international investing. He is considered the authority on currencies. His insight and expertise have allowed him to foresee major economic developments: As early as 2003, he pinpointed the macro trend of U.S. dollar volatility while warning about the building of the credit bubble. In 2005, Axel Merk positioned his clients to move out of real estate and protect them against a faltering U.S. dollar by investing in hard currencies and gold. In early 2007, he wisely cautioned that volatility would surge, causing a painful global credit contraction affecting all asset classes. He is a regular guest on CNBC, Fox Business, Bloomberg TV and frequently quoted in the Wall Street Journal, Financial Times, Barron's and other financial publications around the world. Richard Pilosof Mr. Pilosof is a former Managing Director and Head of Global Debt Markets for RBC Capital Markets (RBCCM), having held positions on the Operating Committee, Management Committee, Executive Committee and a succession of senior management positions in his greater than 25 years with RBC. In 1987, Richard had the distinction of becoming RBCCM’s youngest managing director at the age of 27, the same year he was appointed head of Canadian Domestic Fixed Income Trading. Mr. Pilosof transferred to the United Kingdom in 1998 becoming a member of the Global Markets Operating Committee in 1999 and over the next 10 years in London, managed and built RBC’s international capital markets platform into a world class operation with significant operations in London, Hong Kong, Sydney and New York, managing multi-billion dollar portfolios and substantially increasing RBC’s percentage of revenues earned from operations outside Canada from 1998 to 2008. In 2009 Richard and a group of partners from RBC founded RPIA with their own capital and plans to build out an active Fixed Income Management business providing investors access to active
investment grade bond trading strategies. RPIA now manages over $1 billion in three distinct strategies for Institutions, Family Offices and Private Clients in Canada and Offshore. Richard holds a BA in Finance from University of South Carolina is the Chair of the Finance & Investment Committee for the Mount Sinai Hospital Foundation. Justin G. Charbonneau, CFA, DMS, FCSI Mr. Charbonneau’s role includes client counsel and responsibilities as chair of Matco Financial Inc.’s asset allocation committee and fixed income working group. He is the lead Portfolio Manager of the Matco Bond Portfolio, Matco Balanced Fund, and is a member of the Matco Financial Investment Committee responsible for investment research, risk management, & portfolio management. Prior to joining the firm in 2010, Mr. Charbonneau served as a member of McLean & Partners’ Investment Committee and counseled a diverse group of high net worth clientele. Mr. Charbonneau graduated from the University of Calgary, Haskayne School of Business having earned a Bachelor of Commerce in Finance & Risk Management. He’s a Fellow of the Canadian Securities Institute (FCSI), holds the Derivative Market Specialist (DMS)designation, and is a Chartered Financial Analyst (CFA®). Mr. Charbonneau is also Co-Chair of the 2011 & 2013 Wealth Management Conference, served on the CFA Society Calgary board from 2009-2012, & still currently serves as a Member of the CFA Society Calgary's Investment Committee. Bryant Andrus Certified Financial Planner™ (US) Bryant is Vice President of Canadian Operations at KeatsConnelly, the largest cross-border wealth management firm in North America that specializes in helping Canadians and Americans realize their dreams of a cross-border lifestyle. In this role, Bryant develops, coordinates and implements his clients’ comprehensive cross-border financial plans and services. In addition, Bryant is responsible for business development activities in Western Canada. Bryant is a frequent speaker on topics that include: Canadians owning real estate in the US, crossborder retirement planning and cross-border living. He does presentations in both the US and Canada throughout the year. Bryant and his family relocated to Calgary in May of 2012 to open and run the Canadian arm of KeatsConnelly. When Bryant is not at the office he enjoys spending time with his family (wife and five sons) and golfing. Thomas A. Bradley Steadyhand Investment Funds Tom is the co-founder and President of Steadyhand. He selects and monitors Steadyhand's fund managers and has a central role in formulating and delivering the firm's key messages to clients. Tom holds a Bachelor of Commerce degree from the University of Manitoba (1979) and an MBA from the Richard Ivey School of Business (1983). He has 30 years of experience in the investment industry, having started his career as an Equity Analyst at Richardson Greenshields. In 1991, Tom joined Phillips, Hager & North as a Research Analyst and Institutional Portfolio Manager. He was appointed COO in 1998, and President and CEO in 1999, a role he held until he resigned in 2005.
In addition to his duties at Steadyhand, Tom is on the board of the Vancouver Foundation, where he chairs the Investment Committee. He is also an enthusiast and unrestrained participant in the investment industry’s dialogue through his posts on the Steadyhand blog and articles in other publications, including the Globe and Mail. He is known for being a passionate advocate for the individual investor. Aside from stocks and bonds, his passions include skiing of all types, golf, Sports Illustrated, music, The Family Guy and his wife Lori. MICHAEL MEZEI, LLB Michael Mezei is a Director and the President of Mawer Investment Management Ltd., which he joined in 2008. He is responsible for leading the growth and management of the business. Mr. Mezei chairs the Firm's Management Committee which is responsible for the development and execution of the Firm's strategic plan. Mr. Mezei has held senior executive roles in the investment industry since 1994. He was Senior VicePresident and General Counsel for Franklin Templeton Investments in Toronto from 1994 to 2002. In 2002, Mr. Mezei moved to Calgary to launch ATB Investor Services, the wealth management arm of ATB Financial, and remained with ATB until joining Mawer. Before working in the investment industry, Mr. Mezei practiced corporate law in Toronto from 1987 to 1994. Mr. Mezei earned a Bachelor of Arts degree from the University of Toronto and an LLB from Osgoode Hall Law School, along with various investment industry designations. Mr. Mezei has been active in a number of investment industry organizations, pension committees and charitable organizations and is currently on the board of the Portfolio Management Association of Canada. Tony Crescenzi Mr. Crescenzi is an executive vice president, market strategist and portfolio manager in the Newport Beach office. Prior to joining PIMCO in 2009, he was chief bond market strategist at Miller Tabak, where he worked for 23 years. Mr. Crescenzi has written five books, including his latest, "Beyond the Keynesian Endpoint," which was published in November 2011, and a complete revision to Marcia Stigum's "The Money Market." He regularly appears on CNBC and Bloomberg television and in financial news media. Mr. Crescenzi taught in the executive MBA program at Baruch College from 1999-2009. He has 31 years of investment experience and holds an MBA from St. John's University and an undergraduate degree from the City University of New York. Andrew Moffs, CIM Andrew Moffs is the President and Portfolio Manager of SRE Securities Canada Inc., an alternative investment manager in Toronto, Canada, focused on publicly traded real estate-related securities. The firm is an affiliate of Starwood Real Estate Securities, L.L.C., based in Greenwich, CT. Prior to joining the firm at its founding in 2008, Mr. Moffs was an analyst and Portfolio Manager at Waterfall Investments in Toronto, Canada. He has worked as a Senior Analyst at Starwood Real Estate Securities, L.L.C. in Greenwich, CT, and as an Analyst at ABP Investments US, Inc., in New York, NY, in their real estate division. Mr. Moffs began his career as an Analyst in the Investment Banking Division of Salomon Smith Barney in New York, NY, as a member of the Global Real Estate & Lodging Group. He received his BA in Economics from McGill University where he graduated with Great Distinction, and holds the Canadian Investment Manager (CIM) designation. Mr. Moffs is a member of NAREIT.
Tim Pickering President, Lead Portfolio Manager, CIO. Auspice Capital Advisors Tim Pickering is Founder, President and CIO of Auspice. Tim leads strategic decision making and the vision for Auspice’s diverse suite of active and passive systematic trend following (CTA) and commodity strategies. Tim believes that in the future, non-correlated alternative investments will be a core holding in all portfolios, regardless of investor size or sophistication. Alternatives will no longer be viewed as risky, but as conservative and prudent, given the measurable value to investment portfolios. He is passionate about creating innovative systematic investment strategies and products that the market needs with distribution via multiple delivery mechanisms at a fair price. Prior to forming Auspice, Tim was VP of Options Trading at Shell Trading for North America. Tim began his career at TD Securities in Toronto in their elite trading development program gaining experience in risk management and proprietary trading. Ultimately, Tim held the Senior Trader position for TD’s energy derivatives portfolio. Outside of Auspice, Tim has been involved in grain farming in Western Canada. Through the founding of Auspice, Tim ties together a career in commodity and financial risk management and trading that has spanned institutional success along with entrepreneurial vision. John Duncanson John Duncanson is a Portfolio Advisor for Capital Innovations, LLC. He co-manages CI’s Global Listed Timber Strategy and in Canada the Exemplar Timber Fund. John has a unique blend of experience. He is a registered professional forester with over 35 years of global experience in the forest and investment industry, the latter as an analyst and a corporate banker. From 1988 to 1998, John was also a Technical Consultant for the Chase Manhattan Bank. John has travelled extensively throughout Asia, Europe, Russia, South America as well as North America. He has toured over 100 pulp and paper and wood product mills and forest plantations globally. Martin Pelletier, CFA As a Portfolio Manager at TriVest Wealth Counsel Ltd., an Alberta-based investment firm, Martin works in a team that provides risk-managed investment solutions to high net worth private clients, institutions, corporations, trusts and endowments/foundations. This includes custom-built, discretionary portfolios that are globally diversified and actively use derivatives to manage risk. In addition, Martin is the lead manager of the TWC Risk-Managed Canadian Energy fund, a 5-Star rated energy hedge fund. Prior to co-founding TriVest, Martin's investment and finance career was focused primarily in institutional equity research with Blackmont Capital, Canaccord Capital and GMP Securities. As a Brendan Woods ranked Analyst, Martin provided regular investment recommendations to institutional fund managers located in Canada, the U.S. and Europe. Martin is a weekly columnist in the Financial Post’s Investment Pro Section, is regularly featured in the media and a member of Oilweek Magazine’s class of 2012 Rising Stars. Martin holds a BComm. degree with a specialization in finance and is a Chartered Financial Analyst (CFA) Charterholder.
Dr. Trudi Chalmers, B.Sc., Ph.D. Dr. Trudi Chalmers is the Behavioural Insights Specialist at ATB Investor Services. Leveraging her background in Psychology (B.Sc.) and Behavioural Neuroscience (Ph.D.) Trudi develops programs focusing on the client experience and also on helping employees and clients live their best life now while also planning for their future. Trudi started with ATBIS 2 years ago by developing the “Mastery” program that focuses on coaching Financial Advisors on understanding their clients and developing deeper relationships with them. As Behavioural Insights Specialist, she has broadened her scope to develop new programs focusing on both employees and clients. Before joining ATBIS, Trudi was an assistant professor and head of the Psychology Department for the University of Calgary transfer program at Red Deer College. Chris Pitts Canadian Alternatives Leader Chris is a Partner in the Asset Management Practice at PricewaterhouseCoopers (PwC), Toronto in the Audit and Assurance Group, focusing his time entirely on the wealth management industry and specializing in the alternative investment funds sector. Chris has over eighteen years of experience in the industry, encompassing experience with a broad range of investment management clients, including asset management companies, retail and institutional investment vehicles, offshore funds and a variety of alternative fund products. He provides audit services to various investment managers and fund complexes, reporting under Canadian and US GAAP as well as International Financial Reporting Standards (IFRS), and to a number of brokers and mutual fund dealers. Additionally he spent a year in PwC’s New York office working in their investment management practice. Chris has advised clients on a wide range of industry-related issues such as developing and enhancing operational investment management processes, structuring of complex fund products, fair valuation processes, regulatory compliance requirements on investment operations and acquisition due diligence. He provides advice to clients on accounting and financial reporting matters, including requirements for transition to IFRS. Chris is a frequent speaker at industry conferences. Chris serves on the Executive Committee of the Alternative Investment Management Association— Canada (AIMA) and also as a member of the Investment Fund Institute of Canada (IFIC) Accounting Advisory Committee, including the IFRS sub-committee. In addition, Chris serves on the Board of the Young People’s Theatre. Jaime Purvis Executive Vice-President, National Accounts Horizons Exchange Traded Funds Inc. As Executive Vice-President at Horizons ETFs, Jaime manages the national accounts relationships for Horizons ETFs with Canadian Investment Dealers, as well as managing relationships with the Dealer’ managed asset and discretionary management programs. Jaime is also responsible for directing the Self-Directed Investing channel and delivering key concepts and product knowledge to the management, operations, and investors. Jaime also manages the Institutional sales program for HETFs in Europe. Jaime is also the designated Product specialist for Horizons ETFs, and is integral in implementing and delivering educational campaigns for Horizons, such as the very successful Horizons ETF University
series. A Queen’s University graduate with an Honours degree in Political Science, Jaime has been with Horizons ETFs-related firms since 1995. Craig Lazzara, CFA Senior Director Craig Lazzara is global head of index investment strategy for S&P Dow Jones Indices. The index investment strategy team provides research and commentary on the entire S&P Dow Jones Indices’ product set, including U.S. and global equities, commodities, fixed income, and economic indices. Craig previously served as product manager for S&P Indices’ U.S. equity and real estate indices. These include the S&P and the S&P/Case-Shiller Home Price Indices, two of the most widely tracked benchmarks in the world. Prior to joining S&P Indices in 2009, Craig was a managing director of Abacus Analytics, a quantitative consulting firm serving the brokerage and investment management communities. He previously directed marketing and client service for ETF Advisors and Salomon Smith Barney’s Global Equity Index Group, as well as for the Equity Portfolio Analysis group at Salomon Brothers. Earlier, Craig served as chief investment officer of Centurion Capital Management and Vantage Global Advisors, as a managing director of TSA Capital Management, and as a vice president and portfolio manager for Mellon Bank and T. Rowe Price Associates. A Chartered Financial Analyst, Craig is a graduate of Princeton University and Harvard Business School. Neil Marsh, CFA Vice President, iShares Institutional Business BlackRock Asset Management Canada Limited Neil is the Vice President of Institutional Business at BlackRock Asset Management Canada Limited. He is responsible for the promotion and growth of the exchange traded products business, with primary focus on institutional asset manager and investment research channels across Canada. Prior to joining BlackRock, Neil was a Portfolio Manager with a leading Canadian Investment Counsel, focusing on institutional and private wealth mandates. He also spent several years in the investment fund industry in various roles. Neil is a Chartered Financial Analyst charterholder, active with the Toronto CFA Society, and a graduate of the University of Toronto.