Positioning for reinvention
Former Governor of the Bank of Canada and Bank of England
Mark Carney is a Vice Chair of Brookfield Asset Management and Head of ESG and Impact Fund Investing. In this role, he is focused on the development of products for investors that will combine positive social and environmental outcomes with strong risk-adjusted returns.
Mark is an economist and banker who served as the Governor of the Bank of England from 2013 to 2020, and, prior to that, as Governor of the Bank of Canada from 2008 until 2013. He was Chairman of the Financial Stability Board from 2011 to 2018. Prior to his governorships, he worked at Goldman Sachs and the Canadian Department of Finance. He is a long-time and well-known advocate for sustainability, specifically with regard to the management and reduction of climate risks, and is currently the United Nations Special Envoy for Climate Action and Finance.
Mark received a bachelor’s degree in economics from Harvard University and a master’s degree and doctorate from Oxford University.
Senior Manager, Risk Management, CBC Pension Fund
Executive Vice President, Finance and Operations, Hamilton Community Foundation
Vice President, Responsible Investing, Investment Management Corporation of Ontario (IMCO)
President and CEO, CN Investment Division
In her role as President and Chief Executive Officer of the CN Investment Division, Marlene is accountable for all aspects of the investment management and organizational oversight of the CN Pension Trust Funds, one of the largest corporate pension funds in Canada. She is also former vice-chair of the Board of the Healthcare of Ontario Pension Plan (HOOPP) and past president of Women in Capital Markets.
Marlene has more than 25 years’ experience in investments, pensions and capital markets at world-class financial institutions and in academia.
Marlene holds a doctorate in finance and applied statistics and a master’s degree in business administration from the Simon Business School at the University of Rochester, as well as a master’s and a bachelor’s degrees in economics from the University of Toronto. She holds a CFA charter and the ICD.D designation granted by the Institute of Corporate Directors.
Asset Class Specialist, Fixed Income Boutique
Jeff is an Investment Manager Researcher within Mercer’s Wealth business and is based in Toronto. Jeff specializes in fixed income research with primary responsibility for Canadian and US fixed income strategies. In addition, he acts as a resource to consultants for manager searches and other client inquiries related to fixed income.
Jeff re-joined Mercer in April 2018, after a three-year stint with Morningstar, Inc. where he was a manager research analyst covering fixed income, equity and multi-asset strategies. Prior to this, Jeff was a Senior Associate with Mercer, consulting to pension plans and wealth management firms. He also worked as an Investment Analyst at the Teachers’ Retirement Allowances Fund in Winnipeg, Manitoba, where he supported the due diligence efforts of the Fund. Jeff has been involved in the investment industry since 2009.
Jeff earned a Bachelor of Commerce (Honours) from the I.H. Asper School of Business at the University of Manitoba. He is a CFA® charterholder and a member of the Toronto CFA Society.
Senior Investment Consultant, Toronto
Bernadette Chik is a principal in Mercer's Wealth business and the Leader of Canadian DC and Financial Wellness Research.
Bernadette’s main practice area is consulting on all DC aspects, including investment monitoring, plan design, governance and retirement readiness. She also oversees target date manager research activities for Mercer Canada, which includes qualitatively and quantitatively analysing Canadian target date investment managers. Bernadette has been with Mercer since January 2004.
Bernadette is a CFA® charterholder. She graduated with honours from the University of British Columbia Bachelors of Commerce Program (1999).
Investment Consultant, Halifax
Shaun is a senior associate in Mercer’s Wealth business in Halifax, covering defined benefit pension plans, endowments and defined contribution arrangements in Atlantic Canada.
Shaun advises and supports clients on many aspects of the investment program, including asset allocation, investment manager selection, investment structure review and ongoing performance monitoring. Prior to joining Mercer in 2015, Shaun worked for an information technology consulting firm providing research and data analytics to investors in the metals and mining sector.
Shaun holds a Bachelor of Science from Saint Mary’s University in Halifax.
Senior Investment Consultant, Halifax
Jonathan is a principal and senior investment consultant based in Mercer’s Halifax office. His practice area covers both defined benefit and defined contribution pension plans as well as insurance arrangements.
Working with some of the largest defined benefit pension plans and institutional investment programs in Atlantic Canada, he advises on sophisticated investment and risk management programs. This area of his practice includes the establishment and implementation of portfolio strategic asset mix, designing investment programs that effectively manage risk relative to liabilities and ongoing funding costs, search and selection of investment managers, and monitoring of investment programs.
In his work with defined contribution pension clients, he advises on effective governance models, ongoing regulatory compliance, performance monitoring, efficient investment structures, plan member engagement and financial wellness.
Jonathan graduated from St. Francis Xavier University with a degree in business administration and is a CFA® charterholder.
President and CEO Mercer, Vice Chair, Marsh and McLennan
Martine Ferland is President and CEO of Mercer, a $5 billion global leader in redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being. She also serves as Vice Chair of Marsh McLennan (NYSE: MMC), Mercer’s parent and the leading global professional services firm in the areas of risk, strategy and people.
Before being named Mercer’s President and CEO in 2019, Martine served as Mercer’s Group President and was responsible for leading Regions and Global Business Solutions. Prior to that, she served as President of Mercer’s Europe and Pacific Region, delivering consistent profitable growth and leadership in the institutional investment space.
Prior to Mercer, Martine spent 25 years with Willis Towers Watson, where she held leadership positions in North America and Asia. Martine earned a bachelor's degree in actuarial science from Laval University, Quebec, and is a Fellow of the Society of Actuaries and the Canadian Institute of Actuaries.
Head of Responsible Investment, Canada
Monika is the Head of Responsible Investment for Mercer Canada. Her focus is to drive the creation of solutions and implementable responsible investment consulting advice to address market needs expressed by companies, pension plans and participants across the country.
Monika has worked in the financial services industry in both fixed income and equity analysis. She currently advises the CFA Institute on how to embed more ESG content into their financial analyst seminars and is a standing author for [LC1] the CFA’s Enterprising Investor Series.
For the past decade, Monika has been a leader in responsible investing, including projects with Harvard’s Kennedy School and Trillium Asset Management. More recently, she was a director with Ceres, a sustainability research and advocacy enterprise. There, she created and led the Ceres’ Investor Water Hub, a working group of more than 120 global pension funds and managers (with $20 trillion in assets under management), working to evolve environmental, social and governance practices and water integration approaches. She also worked with Ceres’ investor network, including the Global Climate Action 100+ initiative. She was lead author of the Ceres Investor Water Toolkit, a how-to guide on water integration practices in portfolio management, in collaboration with 40 institutional investors.
With a background in both finance and science, Monika enjoys bridging knowledge and ideas between these two fields.
Investment Consultant, Montreal
Marie-Léa is an investment consulting senior associate in our Montreal office. She joined Mercer in 2018.
Marie-Léa is a key member of all types of client teams, including those relating to and pension plans and not-for-profit funds. Her responsibilities include, but are not limited to, reviewing investment policy statements, performing portfolio stress testing and solvency follow-ups. She is also involved in the monitoring and selection of investment managers for clients and producing a variety of reports in a timely manner. In addition, she often presents reports and participates in investment manager and client meetings.
Marie-Léa is a CFA® charterholder and a CAIA charterholder. She earned a bachelor’s degree in mathematics, with a major in finance, at the Université de Montréal.
Senior Investment Consultant, Norwalk
Senior Investment Consultant, Vancouver
Senior Investment Consultant, Toronto
Kimberly is a principal in Mercer’s Wealth business, based out of the Toronto office.
As an investment consultant, Kimberly advises institutional asset owners on a range of investment-related topics such as strategic asset allocation, risk strategy, manager selection and responsible investing. Prior to joining Mercer in 2017, she spent 5 years as a consultant at Accenture.
Kimberly is a CFA® charterholder and a member of the CFA Society Toronto. She received an bachelor’s degree in mathematics from Queen’s University.
Global Head of Investment Research
In her role as Global Head of Investment Research, Jo oversees manager research, responsible investment and strategic research globally. She manages a group of more than 100 asset-class specialists across diversifying/liquid alternatives, fixed income and equities. Jo is part of Mercer’s global leadership team and chairs a number of our Strategic and Policy Committees. She is also due to take over the Co-Chairmanship of the Investment Consultants Sustainability Working Group.
Jo was previously Chief Investment Officer for Mercer’s UK advisory team and European Strategic Director of Research, a role in which she ensured that our diverse client base received the best of our global research. Jo is also is an investment consultant for a small number of Mercer’s strategic clients.
Jo joined Mercer in 2002 from PwC’s actuarial practice and, after several years as an investment consultant in our Liverpool team, has held a number of client-focused and leadership roles. Over 2017 Jo was DB Leader for our Liverpool office, where she was responsible for the integration and leadership of the legacy Investment and Funding teams as Mercer formed our Wealth business. Jo was also Head of Public Sector, leading on the growth of our public sector business and managing strategic client relationships.
Prior to the integration of the investment and actuarial businesses in late 2016, Jo was a member of the leadership team managing Mercer’s UK Investment Business. Jo also established our successful Manchester Investments team in 2009.
Global Leader, Transformation Services
Ravin is the Global Leader of Mercer’s Transformation Services business. He is a recognized global thought leader, futurist and author on the future of work and workforce transformation. He has led multiple research efforts on the global workforce, the emerging digital economy, the rise of artificial intelligence and the transformation of work. Ravin has headed numerous research projects for the World Economic Forum, including many of its groundbreaking studies on the transformation of work and the global workforce. He is a regular participant and presenter at the World Economic Forum’s annual meetings in Davos and Dalian/Tianjin, and is a member of the forum’s steering committee on work and employment.
Ravin has been a featured speaker on the aforementioned topics at conferences in North America, Europe, Asia Pacific, the Middle East and Latin America. He has also been featured and quoted extensively by leading business media including CNN, BBC, the Wall Street Journal, CNBC, Fortune, FT, The Nikkei (Japan), Les Echoes (France), De Telegraaf (Netherlands), South China Morning Post and Dubai One TV among others. Ravin is a frequent guest lecturer at universities around the world, including Oxford University, Northwestern University and the University of Southern California.
Ravin was named to the Thinkers 50 Radar Class of 2020. He has also been recognized as one of the top 25 most influential consultants in the world by Consulting Magazine, one of the top eight future of work influencers by Tech News and one of the top 100 HR influencers by HR Executive. He is the author of three books: Transformative HR; Lead The Work: Navigating a World Beyond Employment; and Reinventing Jobs: A 4-Step Approach to Applying Automation to Work. Ravin has written over 150 articles, including 14 for the Harvard Business Review and the Sloan Management Review.
Ravin holds BBA and MBA degrees and is a CFA® charterholder. Ravin is a Fellow of the RSA (Royal Society for Arts, Manufactures and Commerce). Prior to joining Mercer, Ravin was a managing director and global business leader at Willis Towers Watson for 26 years.
Leader of DC and Financial Wellness, Canada
Jillian is a partner in Mercer's Wealth Business and is responsible for leading the savings and financial wellness strategy for Canada. She is also a member of the Wealth leadership team and works closely with Mercer’s global teams to understand global trends and solutions. Jillian's main practice area is in supporting organizations and employees in improving their financial confidence and obtaining financial goals for their defined contribution and savings workplace programs. Jillian applies a holistic approach to proactively review Canadian data, research and strategy.
Jillian has been with Mercer for 14 years and has been supporting better outcomes in financial wellness and retirement savings for over two decades.
Director of Strategic Research, Canada
Yusuke joined Mercer in 2018 through the acquisition of Pavilion Advisory Group. Since 1999, Yusuke has worked with institutional investors, such as pension plans, foundations and financial institutions, in the planning, implementation and monitoring of their investment strategies. In particular, he specializes in the analysis of asset allocation options, the structuring of portfolios, and the search and selection of investment management firms.
Yusuke previously held a number of roles within the Pavilion Research Team and also led the firm’s Manager Monitoring practice. In addition, he has met and evaluated hundreds of portfolio managers in Canada, the United States, Europe, Africa and Asia on behalf of clients of the firm over the past 20 years.
Yusuke is a CFA® charterholder and holds the FRM designation. He is a graduate of McGill University in Montreal with a bachelor’s degree in finance and marketing.
Mercer’s Fellow at the World Economic Forum
Ashley is currently representing Mercer as a secondee at the World Economic Forum in New York City. Most recently, she was Mercer’s North America Head of Private Debt; prior to that, she worked in Mercer’s London office in Private Equity and Private Debt manager research. She was also a member of Mercer’s Sustainable Opportunities Investment Committee.
Before joining Mercer, Ashley worked at Credit Suisse in Singapore as an alternatives product specialist for family offices across Southeast Asia. She began her career at State Street Bank in Boston through their premier Professional Development Program, where she worked across their Trading and Fund Solution businesses. Ashley holds a Bachelor of Arts degree from Wellesley College, where she graduated with honours. She is a CAIA charterholder.
Senior Investment Consultant, Toronto
Claudia Lipping is a principal in Mercer's investment advisory business in Toronto and a member of Mercer’s Financial Strategy Group. Claudia specializes in conducting asset/liability studies and consults to defined benefit plan sponsors, endowments and foundations on strategic investment matters focusing on risk management, long-term investment strategy design and implementation.
Claudia has over 11 years of industry experience, in both pension actuarial consulting and investment consulting. Claudia is a Fellow of the Canadian Institute of Actuaries (FCIA), a Fellow of the Society of Actuaries (FSA), and a CFA® charterholder.
Wealth Leader, Western Canada
Neil returned to Western Canada in December 2020 to take up the role of Western Canada Wealth Leader.
Based in Vancouver, Neil is an actuary and a partner at Mercer. He spent nine years using his actuarial, investments and international expertise working with both defined benefit and defined contribution clients across Western Canada. For the past five years, Neil has been the Head of US DC and Financial Wellness Research, a role he took on in 2015.
Neil has been selected for several industry-wide roles, such as the Vice Chair of the Employee Benefits Research Institute, Defined Contribution Institutional Investment Association’s Executive Committee and was the Past Chair of the Plan Sponsor Council of America’s Thought Leadership Council. Neil is a regular speaker at international, national and regional industry forums.
Neil obtained a bachelor’s degree in business science from the University of Cape Town in 1987, before qualifying as a Fellow of the Faculty of Actuaries in 1990. He also became an Associate of the Society of Actuaries, a Fellow of the Conference of Consulting Actuaries and an Affiliate of the Canadian Institute of Actuaries. In addition, Neil qualified as a Certified Financial Planner in South Africa in 1994.
Investment Consultant, Toronto
Senior Investment Consultant, Montreal
Stéphanie is a principal in Mercer’s Wealth business in Montreal. As a specialist in capital accumulation plans, Stéphanie consults on all aspects related to this type of plans, including design, governance and investments. She has an excellent understanding of members’ needs and has developed solid competencies in employee communication.
As part of her current responsibilities, Stéphanie regularly participates in internal and external focus groups for the purpose of promoting innovation and the development of best practices related to accumulation plans. Before joining Mercer in 2015, Stéphanie was an actuarial consultant in the area of defined benefit pension plans, which allowed her to acquire expertise in pension management.
Senior Infrastructure Specialist, Alternatives
Michael is responsible for providing coverage of the infrastructure sector in North America for Mercer’s Wealth business. He is a seasoned investment professional who has worked for some of Canada’s largest financial institutions, including TD Securities and BMO Capital Markets, where he was a senior equity research analyst predominantly covering the North American power, utilities and renewable energy sectors.
In addition to providing investment recommendations for companies with a total market capitalization of approximately C$40 billion, Michael has opined on numerous transactions, including takeovers, distressed situations, asset acquisitions and divestitures, and corporate reorganizations under various economic environments, ranging from the financial crisis to periods of economic growth.
Michael holds a bachelor’s degree in commerce (with honours) from the University of British Columbia and is both a Chartered Professional Accountant and a CFA charterholder.
Canada Wealth Leader
Teresa is a partner and the Leader of Mercer Canada's Wealth Business. She is responsible for Mercer's delivery of investment consulting, open architecture manager-of-managers investment management, private wealth management, and retirement actuarial consulting services and solutions in Canada.
Teresa has held various prior leadership positions, including most recently as the leader of Mercer's Toronto Office.
Teresa brings a diverse consulting background to clients, with expertise in aligning their future business and workforce strategies. She has worked with clients to develop cash- and risk-mitigation strategies for pension plans, designed total rewards strategies and programs that support business objectives, and used HR data analytics to segment, diagnose and improve program efficiency and employee engagement.
Teresa is a strong advocate for gender equality and racial diversity in the workplace, and is the Executive Sponsor of the Women@Mercer chapter in Toronto and the Executive Sponsor of the Canadian Racial and Ethnic Diversity Group.
Teresa is a graduate of the University of Toronto, where she earned a Bachelor of Science (summa cum laude). She is a Fellow of the Society of Actuaries and the Canadian Institute of Actuaries.
Jaqui is the Chief Executive Officer (CEO) of Mercer Canada, where she leads Canada’s 1,000 employees from coast to coast. Jaqui’s goal is to empower Mercer’s Canadian colleagues to provide industry-leading service and innovative solutions to clients across the Health, Wealth and Career businesses, to foster company growth.
Before becoming CEO, Jaqui led more than 500 employees as Mercer’s Toronto Office Leader for nearly two years, also acting as a Senior Consultant within Mercer Canada’s Wealth business. Prior to that, she headed the Investments business in Canada. Jaqui has more than 30 years of experience in the retirement savings and investment areas.
Jaqui is a passionate advocate and frequent speaker on issues relating to diversity and inclusion — including promoting racial and gender diversity in corporate Canada. Jaqui actively supports a number of non-profit organizations that promote racial equity, and assist youth and new immigrants to Canada. Jaqui is a founding member and director of the Black Opportunity Fund, a director of the BlackNorth Initiative, a member of the Advisory Board of the Institute for Sustainable Finance, and a member of the Business Council of Canada. She also has served on a number of investment committees relating to pension and endowment assets, and was a member of United Way Greater Toronto’s 2020 Campaign Cabinet. In 2020, she received the Gold Award — HR Champion (CEO) from the Canadian HR Awards.
Within Mercer, she is the former Canadian Chair of Women@Mercer and When Women Thrive.
Jaqui graduated from the University of Waterloo with a bachelor’s degree in mathematics and actuarial science. She is an Associate of the Society of Actuaries and a CFA® charterholder.
Real Estate Specialist, Alternatives
Brandon Perra is an associate at Mercer Alternatives based in Montreal. He joined Pavilion Alternatives Group in 2018, which was acquired by Mercer later that year.
Brandon is responsible for Canadian real estate research and assists Canadian and US clients with their real estate portfolio needs.
Previously, Brandon worked in the field consulting group, where he was responsible for manager monitoring, performance reporting, manager searches and asset allocation projects.
Brandon is bilingual in English and French, and received his bachelor’s degree in finance from the John Molson School of Business at Concordia University.
Senior Investment Consultant, Ottawa
Todd is a principal at Mercer, and a senior investment consultant and actuary in the Investment and Retirement business in our Ottawa office.Todd joined Mercer in 1992. He consults with both private and public sector clients on investment policies, risk budgeting, asset allocation, investment structure design and manager selection for their pension plans, endowments and foundations. He is a member of Mercer’s Financial Strategy Group, which helps clients measure, monitor and manage asset-liability risk.
He is the vice-president of the Association of Canadian Pension Management (ACPM) and former chair of its National Policy Committee. Todd is the 2020 recipient of the ACPM Don Ireland Award for Exceptional Volunteerism and a 2020 recipient of a Bronze Level Volunteer Award from the Canadian Institute of Actuaries. Todd is also a member of the Canadian Pension and Benefits Institute and the International Foundation of Employee Benefit Plans.
Todd is a Fellow of the Canadian Institute of Actuaries and a Fellow of the Society of Actuaries, as well as a CFA Charterholder. He graduated with a bachelor’s degree in mathematics from Acadia University and holds a master’s mathematics from Dalhousie University.
Investment Consultant, Toronto
Lovey is a consultant in Mercer’s Global Responsible Investment practice, based in Toronto. She supports institutional investors in understanding the opportunities and risks that key environmental, social and governance (ESG) factors present for their investment processes and decision-making. This includes helping clients align with their responsible investment goals through building capacity, developing beliefs and policies, creating strategic frameworks, and integrating ESG within their investment portfolios.
Prior to joining Mercer, Lovey worked at Marsh (a MMC company) for four years, where she advised multinational organizations on long- term risk financing solutions. In particular, Lovey helped clients make informed decisions in assessing and managing their enterprise risks through analytics and financial modeling. Her industries of expertise include mining and energy, real estate, manufacturing, and financial institutions.
Lovey holds a bachelor’s degree in environment and business (hons) from the University of Waterloo, with a minor in economics.
Senior Investment Consultant, Toronto
Dave is a principal based in the Toronto office and has been working in investment consulting for over nineteen years. He has spent his career advising a wide variety of institutional investors and has acted as lead consultant to many large pension plans. Dave specializes in offering his clients pro-active advice. He brings his own point of view, but will also provide clients with the views of Mercer’s many specialists around the world.
Dave previously acted as Mercer’s UK Alternative Investments Leader and so has specialist knowledge in asset classes such as infrastructure, private debt, private equity and hedge funds. He also previously led our 25-strong investment team in Bristol, England.
Investment Consultant, Vancouver
Based in Vancouver, Dasha joined Mercer’s Wealth Business in April 2021 as a defined contribution consultant. Dasha’s main focus is on providing DC consulting and investment services to institutional clients across Western Canada, including plan design, governance, investment performance monitoring, member engagement and financial wellness.
Prior to Mercer, Dasha spent three years at Aon in a similar role. Dasha also worked for Canadian institutional managers Connor, Clark & Lunn and Greystone Managed Investments (currently TDAM).
Dasha holds the Certificate in Investment Performance Measurement from the CFA Institute and is a CFA® charterholder. Dasha received a bachelor’s degree from the Belarusian State University with specialty in world economy and international economic relations.
Members of some professional bodies may be able to claim continuing professional development credits for attending Mercer's Global Investment Forums.