November 15, 2016

Registration & Breakfast

8:00 am

Annual General Meeting & Year at a Glance

Paul Harris

Chairman of PMAC
Partner & Portfolio Manager Avenue Investment Management Inc.

8:30 am

PMAC’s Chairman, Paul Harris, will discuss the highlights of the past year as well as introduce the incoming Chairman who will discuss PMAC’s near-term goals and direction for the future.

Opening Remarks

David D. Kilburn

National Director
CIBC Private Investment Counsel

Katie Walmsley

Portfolio Management Association of Canada

9:00 am

Welcome and opening remarks from David Kilburn, PMAC’s AGM Committee Chair, and Katie Walmsley, President of PMAC.

Session I

Bryan Houston

Hockley Consulting

Howard Chao

Director & Senior Investment Consultant, Wealth Practice
Buck Consultants

Kim Shannon

President & Co-CIO
Sionna Investment Managers

Michael Mezei (Moderator)

Mawer Investment Management

Tom McCullough

Chairman & CEO
Northwood Family Office

9:05 am

Beyond the Numbers: How Can Investment Managers Build & Earn Trust With Clients

In the recently released CFA Institute Study, “From Trust to Loyalty: A Global Survey of What Investors Want (2016)”, trust levels are reported to have risen since 2013. But this is not all good news. With higher trust comes higher expectations, and the gap between what institutional and private investors want and what investment managers can deliver is cause for concern and action. How does this translate into practical terms in the day-to-day private and institutional client world? This lively panel will debate the CFA Institute’s findings and provide their perspective on building and earning client trust and, ultimately, long-term loyalty.

Networking Break

10:00 am

Session II

Thomas M. McManus

Managing Director, Portfolio Manager/Analyst
Lazard Asset Management LLC

10:15 am

Market Outlook Post U.S. Election

After one of the most publicly followed U.S. election campaigns in history, dominated more by bigotry and bullying than any economic or foreign policy vision, what lies ahead for equity markets in the U.S. and internationally? Hear insights from a leading U.S. Market Strategist on the short and long-term outlook and what to expect from specific sectors.  

Session III

David Nugent

Head of Investments

David Toyne (Moderator)

Director, Client Services
Steadyhand Investment Funds

Kendra Thompson

Managing Director
Accenture Wealth Management

Preet Banerjee

Management Consultant
Financial Services Industry

11:00 am

Connecting with Clients Through Technology – Fintech Opportunities & Disrupters

While technology has been a key component of asset management for a number of years, the recent proliferation of rapidly evolving technological innovation stands to deeply impact the way Canadians consume investment advice and interact with the asset management industry. Increasing leverage of social media platforms, the rise of automation, the use of big-data, and profound changes in how information is gathered and how advice is relayed to investors all pose challenges and opportunities for portfolio managers and their clients. Join thought leaders in the fintech industry as they explore the immediate and longer-term possibilities and issues that fintech presents for investment management firms.

Networking Break

12:00 pm

Luncheon/Keynote Address

John Taft

Former CEO
RBC Wealth Management - U.S.

12:15 pm

A Force For Good

What is the optimal size and function of the financial system, its role in the economy and the appropriate balance between innovation, risk taking and economic growth, on the one hand, and safety and stability on the other? Former CEO of RBC Wealth Management – U.S., John Taft will discuss his optimal vision of the future for industry as expressed in his latest book, A Force for Good: How Enlightened Finance Can Restore Faith in Capitalism. John will propose some innovative ideas about how the financial system can contribute more consistently to positive societal outcomes and help secure a better future for everyone. His call to action will challenge the industry to discuss what needs to change to broadly ensure a better future.

Networking Break

1:45 pm

Session IV

Douglas Porter

Chief Economist & Managing Director
BMO Financial Group

2:00 pm

Economic Outlook – Canada & International

With over 30 years of experience analyzing global economies and financial markets, not surprisingly Douglas Porter is one of the best known Canadian Chief Economists, regularly quoted in the national press and frequently interviewed on radio and television. As Chief Economist at BMO Financial Group, he oversees the macroeconomic and financial market forecasts and co-authors the firm’s weekly flagship publication, Focus. Mr. Porter manages a team that has won numerous awards, including Best Forecaster for Canada by Focus Economics in 2016, top Canadian forecaster by Bloomberg and the prestigious Lawrence Klein award for forecast accuracy of the U.S. economy.

Session V

Richard Leblanc

Professor, Law, Governance and Ethics
York University

3:00 pm

The Good, the Bad and the Ugly of Corporate Governance & Board Practices of Interest for Investment Managers

What are the red flags of governance failure? How can portfolio managers peer into the “black box” of the board of directors of any company? Leading expert in corporate governance and ethics, Richard Leblanc, will talk the audience through the top trends in corporate governance and key considerations for investment managers.

Networking Break

3:45 pm

Session VI

Andrew S. Fastow

Speaking via video presentation
Former CFO Enron Corporation

4:00 pm

Rules vs. Principles – The Enron Story & Lessons Learned

Despite today’s more regulated and enlightened business environment, we continue to witness “Enron-esque” failures of corporate governance. Andrew Fastow, the former CFO of Enron Corp., who was responsible for one of the biggest corporate frauds in history, will offer details of what led to the 2001 collapse of one of the top 10-largest American companies, and his 5 years in prison for securities fraud. Speaking via a video link, Andrew will provide his observations about how the ambiguity and complexity of laws and regulations breeds opportunity for problematic decisions. Richard Leblanc, Professor of Law, Governance & Ethics, will moderate this session, exploring what went wrong with Enron and what questions investment managers, corporate directors, lawyers and accountants can ask to ensure that not only rules, but also the principles behind them are followed.

Concluding Remarks

5:00 pm

Cocktail Reception

5:05 pm