PRMIA MONTREAL TEAM BIOGRAPHIES
David Streliski, MSc, CFA, Senior Manager, Financial Risk Management, KPMG
David is Senior Manager in the Financial Risk Management group of the Advisory Practice of
KPMG in Montréal. He has more than twelve years of experience in the development of risk
management and reporting systems, in the promulgation of sound risk management practices,
and in quantitative modeling.
Prior to joining KPMG, Mr. Stréliski was working as the Chief, Research and Risk Management,
for an IT company who had developed a front-to-back office system for funds of hedge funds.
Before that, Mr. Stréliski worked four years in the financial risk advisory services departments of
other major audit firms. Prior to risk advisory positions, he worked on the implementation and
calibration of a credit risk and RAROC management system for National Bank of Canada. He also
spent four years in the Research and Risk Management team of the Financial Markets
department, at the Bank of Canada, where he implemented a market risk management system
and produced research in the area of interest rates and exchange rates modeling.
Mr. Stréliski is also currently co-regional director for the Montreal chapter and member of the
permanent Board of Directors of the Professional Risk Managers International Association
(www.prmia.org) since 2002. David holds a B.Comm. in Finance and Economics and a M.Sc. in
Applied Economics from HEC Montreal). He is also a Chartered Financial Analyst (CFA).
Faruk Patel , CFA, FRM, PRM, Vice President, Compliance and Risk Management, SSGA
Faruk is a Vice President of State Street Global Advisors Ltd. (Canada) and Head of Compliance
and Risk Management. He joined the firm in January 2007 to lead the compliance team and also a
new initiative to monitor portfolio risk management in line with the firm's new active products.
His previous experience includes senior investment monitoring functions at CIBC Global Asset
Management focusing on portfolio risk management and compliance monitoring. Faruk's prior
work experience also includes working as a consultant in the Trading & Risk Management
practice of Cap Gemini.
Faruk completed a Bachelor of Commerce degree with a major in finance from Concordia
University in Montreal. Faruk has earned the Chartered Financial Analyst designation and also
holds the Financial Risk Manager (FRM) and Professional Risk Manager (PRM) designations.
Faruk intends to participate in the Events committee with an interest on the asset management
business with a focus on market risk in particular. He also intends to contribute to the Relations
committee with various organizations including the Investment Counsel Association of Canada
Faruk’s goal is to increase the number of PRMIA Montreal members which will increase the
number of people who will be advised of our upcoming PRMIA events. He wants to do this also
by promoting free membership and by having joint events with other organizations whereby each
person attending the event must become a PRMIA member.
Brian Gelfand, Vice President, Business Development, Montreal Exchange
Luc St-Arnault, Executive Director ,Institute de Finance Mathematique de Montreal
Luc St-Arnault is the Executive Director of The Institute of Finance Mathematics of Montreal
(IFM2) and President of The International Finance Club of Montreal.
He has a diversified experience in the financial sector having worked for the CIBC, BNP Canada
Inc., National Westminster Bank of Canada (Natwest) and the Quebec’s Department of Finance.
He has realized international financial projects principally in Algeria, Côte d’Ivoire, Poland and
He is also Member of the Assessment Committee of the Fund for Investor Education and the
Promotion of Good Governance at the Autorité des marchés financiers.
Luc is a member of steering committee of PRMIA Montreal.
Peter Lindley, Vice President and Head of Investments, State Street Global Advisors
Peter is a Vice President of State Street Global Advisors and Head of Investments for State Street
Global Advisors Ltd. (Canada). He joined the firm in August 2005 and was previously a Senior
Portfolio Manager in fixed income. Peter has hands-on risk management experience with
managing active and passive fixed income mandates, including some complex currency and
interest rate derivative products.
Prior to joining SSgA, Peter was Vice President and Head of Fixed Income Trading at Desjardins
Securities in Montreal. Before that he was a Senior Vice President, Managing Director and Co-
Head of Global Markets for Deutsche Bank Canada in Toronto. Prior to that he was a Vice
President for CIBC in Toronto. Before moving to Canada, Peter worked in the UK for the Industrial
Bank of Japan and Security Pacific. He has been working in the financial services industry since
Peter has a BS in Engineering from the University of Leicester, UK. and a BA in Education from
the University of Toronto.
Ron is a global institutional portfolio manager with a proven track record utilizing both relative and
absolute return strategies. Over the past 20 years, he has created and commercialized innovative
investment vehicles utilizing both public and private securities catering to the needs of major
pension funds and high net worth investors.
By organising and acting as both a panellist and a moderator of local and international industry
events, Ron shares his expertise regarding the dynamics of the different regions of the publicly
listed real estate sector around the world.
Recently he helped established the Montreal Risk User Group in order to bring together risk
management professionals (academic and practitioners) from the Montreal financial community
for bi-monthly presentations to discuss and learn about current issues in risk management.
Ron has also been involved with the Kenneth Woods Portfolio Management Program (Concordia
University) as mentor and guest speaker since the program’s inception in 2002. He holds an MBA
in from Concordia University and a BA in Economics from the Carleton University.
M. Bastien est responsable de la gestion des risques de la Caisse de dépôt et placement du
Québec. À ce titre, il a la responsabilité de structurer et d'encadrer la gestion intégrée des risques.
De plus, M. Bastien dirige les équipes de la gestion du risque de marché, gestion des risques de
crédit et opérationnels.
Ernest Bastien est entré au service de l'entreprise en 1985. Il a d'abord occupé les postes
d'économiste et de conseiller aux études économiques. Il est devenu analyste de portefeuille
principal à la direction Gestion des taux et des devises en 1989, pour ensuite être nommé
gestionnaire. À titre de vice-président associé, Marché obligataire nord-américain, M. Bastien a
coordonné les opérations et la gestion de l'ensemble du portefeuille obligataire de CDP Capital –
Marchés mondiaux de 1993 à 2002.
M. Bastien est détenteur d'un doctorat en économétrie, obtenu en 1987 à l'Université de Montréal.
Il a débuté sa carrière en tant qu'assistant de recherche à l'Université de Montréal entre les
années 1978 et 1981, puis il a été économiste au Bureau de la statistique du Québec.
William (Bill) Bonnell, CFA, PRM, FRM, Vice President Risk Management, National Bank of
After 5 years managing a credit trading desk in Montreal, he recently took the position of VP-Risk
Management at National Bank of Canada.
Bill has spent nearly 15 years in the capital markets with Dean Witter, Bank of Montreal and
National Bank of Canada. He has held various senior roles in proprietary trading, credit risk,
market risk, and client account management while working in Toronto, London, Dublin, and
Bill has an International MBA from the Schulich School of Business. He holds the Chartered
Financial Analyst designation, as well as the PRM and FRM designations.
Serge Doyon, FRM, Directeur exécutif, Intégration et mesure des risques, Mouvement Desjardins
Depuis plus de 10 ans, Serge Doyon se veut un ardent promoteur du développement de la
gestion intégrée des risques au sein de Desjardins, dont il occupe la fonction de directeur exécutif
Intégration et mesure des risques, Mouvement, depuis 2004. Son expérience touche plusieurs
aspects de la gestion des risques, notamment la gouvernance en matière de risques, la formation
des dirigeants, le développement de modèles de capital économique, de mesures RAROC et la
validation de modèles. Il est également un acteur clé dans la mise en oeuvre de l’accord de Bâle
II au sein de cette institution financière dont l’actif est de plus de 150 G$.
Auparavant, Serge a accumulé dans diverses entités du Mouvement Desjardins une expérience
de plus de 15 ans au sein de projets ou de postes de gestion relatifs à la gestion du capital, les
acquisitions et restructurations corporatives, la titrisation, l’émission d’actions et la gestion de
portefeuille. Ces années lui ont également permis d’occuper des fonctions de gestion dans le
domaine des services aux entreprises et de la planification stratégique.
Serge détient un baccalauréat en administration (Finance) de l’université de Sherbrooke. Il détient
également le titre de Financial Risk Manager (FRM)
Valerie Cellier, Senior Manager, Integrated Risk Management, Laurentian Bank of Canada
Valerie is Senior Manager - Integrated Risk Management at Laurentian Bank. She joined the
Bank in October 2001. Her primary function resides in the monitoring of risks related to Treasury
and Capital Markets by maintaining adequate risk policies and measuring the Bank's risk
tolerance. Moreover, she's responsible for the Integrated Risk Management Framework and the
coordination of the application of Basle II Accord for the Bank. Her previous experiences include
working as a Counterparty Risk Analyst at National Bank and as a Hedge Fund Analyst of
Northern Trust Global Advisors. Valerie earned her Master of Sciences in finance from the
University of Sherbrooke.
Valerie is part of the Steering Committee and the Relation Committee. She's intending to
participate in organizing the Chapters and the development of an industry contact network. She
wishes to create a dynamic risk management community in Montreal by giving the Risk
Management professionals the opportunity to share their knowledge and experiences.
Nicolas T. H. Dang, CFA, FRM, CAIA, Assistant Portfolio Manager, Landry Morin
Nicolas is an Investment Analyst / Assistant Portfolio Manager at Landry Morin in Montreal. He
assists in the management of 4 quantitative equity funds including a long short global fund. He is
responsible of the full investment process, including portfolio risk measurement and management.
Before joining Landry Morin, Nicolas was an energy derivatives analyst/trader at a Montreal based
hedge fund where he established a risk model using systematic position sizing algorithms. Nicolas
was awarded the Finance Gold Medal for most outstanding graduating student upon the
completion of this Bachelor of Commerce degree at Concordia University in Montreal. He earned
his CFA charter and also holds the Financial Risk Manager (FRM) as well as the Chartered
Alternative Investment Analyst (CAIA) designations.
Nicolas desires to be part of the Relations committee with an interest in the hedge fund market
His objective is to constantly challenge current risk management practices by gathering risk
professional in the region to share their skills, know-how and concerns in order to pioneer
improved industry practices. This can be done by event organizations such as cocktails and
educational seminars and by staying abreast of current risk management research and industry
Pierre Gilbert, CFA, FRM, PRM, Senior Analyst, Investment Policy and Research, Bimcor
Pierre is Senior Analyst, Investment Policy and Research for Bimcor, where he provides advice
and analysis on risk management, absolute return strategies and overall portfolio design.
Prior to joining Bimcor in December 2005, Pierre worked at the Department of Finance Canada,
most recently as senior project leader in the Financial Markets Division where he assumed
responsibilities for the development of debt management strategy. Pierre earned his Masters of
Arts in Economics from Laval University, holds the FRM and PRM designations and is a CFA
Raluca Petrescu, RFP Manager, SSGA
Raluca is an RFP Manager at State Street Global Advisors, Ltd. (Canada). She joined the firm in
September 2005 and is mainly responsible for requests for proposal for new business initiatives.
She also works closely with the Sales and Marketing department as well as Consultant Relations.
Prior to joining SSgA, she worked at Export Development Canada in the Market Risk
Management department. Preceding that, Raluca gained valuable experience in investment
practices and financial analysis through internships during her university studies at ABB Inc, RBC
Investments, and Standard Life Investments.
Raluca holds a Bachelor of Commerce degree with a Major in Finance and a Minor in Financial
Accounting from Concordia University and is currently a Level III candidate for the Chartered
Financial Analyst designation.
She is a member of the Relations committee with an interest in being the main contact with
Raluca would also like to help increase the number of PRMIA Montreal members which will
increase the number of people who will be advised of our upcoming PRMIA events.
She is one of the co-editors of PRMIA Montreal Newsletter.
Ziad Jaber, Corporate Risk Research Analyst, McKinsey & Company
Jean-Pierre is an MBA student at HEC Montréal and expects to graduate August 2008. Prior this,
he did his training to become a chartered accountant at KPMG in Montréal and then moved to
industry at the Fonds de solidarité FTQ in the investment back office.
He has completed a Bachelor in Business Administration degree in 2003 and the graduate
diploma in accounting in 2004. Jean-Pierre became a CFA charterholder in 2006 and
subsequently earned the FRM designation in 2007.
Jean-Pierre serves in PRMIA Montréal in the capacity to Treasurer. He volunteers for punctual
projects with professional associations, such as grading the CA examination, the CFA Montréal
bursary jury and meeting young students to discuss the economic choices of pursuing post-
Bruno Lefebvre, CFA, Assistant Manager, Quantitative Analysis,
Bruno Lefebvre is Assistant Manager, Quantitative Analysis at CIBC Global Asset Management.
He joined CIBC Global Asset Management in July 2003. In his current role, He is responsible for
producing and creating various quantitative reports for Fixed income and Equities portfolios. He is
also responsible for risk reporting at the firm for Asset mix, Equities and Fixed income strategies
and explaining the risk level to the high management of the firm. Also, Bruno is in the committee
for evaluating a new Market risk system compared the one presently used. Previously to that role,
he was Quantitative Analyst in the same team and before that was responsible for Middle office
tasks such as trading programs and compliance for a US portfolio manager. Bruno completed a
Master degree in Finance from Université de Sherbrooke in 2000 and earned the CFA
Bruno is interested in contributing to the Events committee focusing on the buy side and market
risk only. He sees the importance of sharing the knowledge we have on market risk, how we
measure risk, what are the new trends in risk management and what is the future of risk
Ninva Eyyi, Operations Associate, SSGA
Ninva is an Operations Associate at State Street Global Advisors. She joined the firm in
September 2007 and is mainly responsible for day to day operations of mutual funds. Her
previous experience includes personal banking at Scotiabank and research assistance at Small
Business Centre of John Molson School of Business.
Ninva completed a Bachelor of Commerce with a major in Finance and is currently a Level II
candidate for the Chartered Financial Analyst designation.
Ninva is contributing to PRMIA by being a member of the Events committee and as a co-editor of
the newsletter in order to gain some exposure to the risk management and investment industry.
Sandrine Laskar, MSc, Risk Management and Research, PRESIMA
Sandrine is a risk management analyst at Presima. She joined the firm in October 2007 after
completing a summer internship as a financial analyst in a middle office at La Caisse de Dépôt et
Placement du Québec.
Sandrine is finalizing her Masters degree (M.Sc.) in Financial Mathematics, at UQAM, at this time.
She assisted her directors in their research especially in the study of copulas and their application
in risk management. Sandrine completed a Bachelor (B.Sc.) in Mathematics specialized in
Actuarial science at University of Montreal. Also, she’s an eventual FRM or PRM candidate.
Sandrine wishes to be part of Events committee with a particular interest in research and the
progresses and new releases in risk management.
She also wishes to participate in the Relations committee and intends to contribute with her
contacts with university professors. She’s also very familiar with the university/academic and
research sector. She wants to bring in new ideas and different topics in which the risk
management environment should progress and evolve. She would like to contact
professors/researchers for potential chapter meetings. She can participate in publishing articles
Maxime Chevalier, Student, ''Université de Montréal - École Polytechnique''
Maxime will be graduating from Polytechnique of Montréal as an engineer.
He is also working part time for National Bank Financial (NBF) as a analyst for the group Market
Data. Starting Fall 2008 he'll be doing his Master in Financial Engineering and he is also planning
to pursue PRM designation.
Eric Ruest, Student, 'Université de Montréal - École Polytechnique'