Governance
FÉRIQUE Fund Management wants its governance to be based on the best practices in the field, because it knows that sound governance is important for its members, clients, employees and for the entire community.
Board of Directors
In cooperation with senior management, the Board’s main responsibilities are:
- Discuss and approve the strategic plan proposed by management including the definition of the mission and vision of the organization;
- Ensure that criteria are established to measure the success of the strategic plan, ensure its proper implementation and success;
- Approve all material information for members, including annual reports and financial statements.
Chairman of the Board
Mr. Dumont holds an engineering degree and a Master of Business Administration (MBA). He has more than 30 years of experience in operations, procurement and project management.
His expertise in operational and commercial management as well as his interest in the financial sector led him to become CEO of the McGill Healthcare Infrastructure Group (MHIG) , one of the largest public-private partnership (PPP) projects in North America.
He is also a member of the Board of Les Impatients , a non-profit organization with a mission to assist people with mental health problems. For about 30 years, he has been acquiring solid commercial, legal and financial experience.
Mr. Dumont joined the Board of Directors of Gestion FÉRIQUE in April 2018 and was elected Chairman in December 2020.
Ms. Belleau holds a Master of Business Administration from the Université du Québec à Montréal and a Bachelor of Business Administration, with a major in Accounting from the Université du Québec à Trois-Rivières.
To name a few, risk management and prevention, financial management, compliance and supervision, human and material resources management are some of the skills that Ms. Belleau has developed throughout her career.
Since 2016, she has been applying her expertise as the head of retail accounting at the Jean Coutu Group, the pharmaceutical division of Metro Inc. In her role, she manages the financial activities of the centralized franchised pharmacies, in addition to being an active member of the division’s Executive Committee.
Previously, she worked for a number of companies including Metro, Proxim, the Fonds d’assurance responsabilité professionnelle de la Chambre des Notaires du Québec and the Fonds d’assurance responsabilité professionnelle du courtage immobilier du Québec.
Ms. Linda Belleau has been elected to the Board of Directors as a regular member in August 2023.
Ms. Bénéteau de Laprairie obtained a Computer Engineering degree in France and a master’s degree in electrical engineering from Polytechnique Montréal. She also holds an MBA designation from HEC Montréal, and she has completed doctoral studies in public administration.
She has over 20 years of experience in operational and strategic management of technology solutions teams. She began her career at Nortel before joining Keyrus Canada where she held various positions from project manager to director. From 2010 to 2016, she held many positions at the City of Montreal, mainly in public safety and justice before joining the management team of Sogema Technologies, a SME specialize in development and international deployment of tax management and compliance solutions for the public sector. She is now IT portfolio director and division manager at STM.
Ms. Bénéteau de Laprairie also has many years of experience on various boards of directors, mainly in the field of arts and education.
Ms. Bénéteau de Laprairie was elected on the Board of Directors of FÉRIQUE Fund Management in March 2022.
Mr. Blanchet holds a degree in electrical engineering from the École Polytechnique de Montréal. He also obtained solid management training at the McGill Executive Institute and a university certification in corporate governance at Université Laval. He began his career at CAE Electronics Ltd. in Mirabel, where he held the positions of Systems Engineer and Group Leader, Tactical and Ballistic Mission Computer (CF-18). In 1995, he became General Manager of Fèves au Lard L'Héritage Ltée in Laval, and later Chairman of the Board. In 2022, the family business passes to the third generation, and he will continue to support the new management team for several years.
He has experience as a member of various audit, investment, philanthropic, human resources and governance committees. He has sat on several boards: the Ordre des ingénieurs du Québec – Lanaudière Regional Committee (1989-2007), of which he was Chairman for three years; the Laval Agri-Food Development Committee Table (2004-2014); and the board of Laval Technopole (2008-2015). Finally, he was Chair of the Board of Directors of Collège Montmorency de Laval (2015-2018), and he continues to serve on the Executive Committee and to be involved with the Collège's Foundation. His participation on various boards demonstrates his dedication and strong leadership in business development.
Mr. Blanchet joined the board of Gestion FÉRIQUE as an honorary member in April 2018 and was its Chairman in 2019-2020.
Mr. Boyer has a degree in electrical engineering from the École Polytechnique de Montréal. During his career, he held various positions at Nortel, Media5 Corporation and Technologies Exofixe before joining Telcobriges as Vice President, Sales in 2022.
He has gained experience as a member of various committees. In 2008 and 2009, he was a member of FÉRIQUE Fund Management’s Ad Hoc Responsible Investment Committee, taking part in such matters as the revision of the proxy voting policy and the process of becoming a signatory to the United Nations Principles for Responsible Investment (PRI).
He has served on the Board of Directors of the Office Québec-Amériques pour la jeunesse, a Québec government organization, as well as on the Executive Committee of Génération d’Idées, an organization that fosters a new generation of talent and for which he also acted as spokesperson.
Mr. Boyer was elected to the Board of Directors of FÉRIQUE Fund Management as an engineer member in April 2019.
Mr. Desmarais holds a degree in business administration from HEC Montréal (2002). He is co-founder of Fibrenoire, a telecommunication infrastructure enterprise, where he was Chief Executive Officer from 2007 to 2018. In January 2019, he was appointed Chief Executive Officer of Ni2, a company that offers innovative software solutions.
In November 2021, he decided to take up new challenges at Novacap as a partner. Novacap is one of the most prominent buyout and growth equity firm in the industry.
Mr. Desmarais was elected to the Board of Director of FÉRIQUE Fund Management as a coopted member in April 2019 in addition of being a member of the Investment Monitoring and the Human Resources and Remuneration Committees.
Fabienne Fayad holds a degree in industrial engineering with an industrial innovation major from Polytechnique Montréal (1987). Having acquired many years of experience, she is a seasoned information technology and e-commerce specialist. She began her career as Vice President and co-founder of Cognisys Consultants, a firm that specializes in computer consulting and development of artificial intelligence software. From 1993 to 2013, Ms. Fayad put her talent and expertise at the service of many consulting firms, including CGI, Deloitte and ABna to name only a few. Since 2013, she has held the position of Partner and Consultant with EDGN Consultants Inc. in addition to being a Senior Consultant, Business Coach and Online Trainer for EDGENDA.
She is a member of the Ordre des ingénieurs du Québec with experience on various committees and boards of directors. From 2002 to 2013, she was a member of the Board of Directors of the École Polytechnique Alumni Association, of which she was also President from 2006 to 2007. She is also a member of Polytechnique’s Board of Governors.
Ms. Fayad was elected to the Board of Directors of FÉRIQUE Fund Management as an engineer member in April 2021.
President and CEO
Mr. Lizotte joined FÉRIQUE in 2010 as Director, Investments. He was promoted to Vice-President, Investments in 2016 and Chief, Investment Solutions in 2020. Mr. Lizotte was appointed as President and CEO in July 2023. He is now responsible for the strategic direction and for all activities of FÉRIQUE Fund Management and its subsidiary, FÉRIQUE Investment Services.
He has over 20 years of diversified experience in the financial industry. Before joining FÉRIQUE, he worked at Morneau Sobeco and CIBC Global Asset Management.
Renaud Raymond has a mechanical engineering degree from the Université de Sherbrooke (1982). He also completed a Master of Business Administration (MBA) at Université Laval (1992). During his career, he has held senior management positions in Québec’s public service in financial, real property and material resources, as well as energy efficiency and innovation, notably as Senior Director, Banking Operations, at the Ministère des Finances (2001 to 2014) and as Director General of the Energy Efficiency Innovation Bureau of the Ministère de l’Énergie et des Ressources naturelles (2014 to 2017).
He is involved in various committees and associations. From 2012 to 2018, he was on the Board of Directors of the Financial Management Institute of Canada (Québec Chapter), and since December 2017 has been a member of the Board of Directors of Convivio, a co-operative with close to 20,000 members.
Mr. Raymond was elected to the Board of Directors of FÉRIQUE Fund Management as an honorary member in April 2019.
Ms. Lyne Ricard is graduate from the École Polytechnique Montréal (1988) and has over 30 years of experience in the field of chemical engineering. Ms. Ricard has an extensive experience in business development, engineering project management, production, marketing and operations.
She began her career at Petro-Canada as a production engineer, and then progressed to numerous management and project management positions. From 2010 to 2013, she was also Vice President, Oil and Gas section at SNC-Lavalin Construction. Since 2013, she has been using her expertise at BBA Inc. where she has managed numerous projects and technology development related to fighting climate change such as carbon capture and conversion, green hydrogen and advanced fuels and chemicals.
Ms. Ricard was elected on the Board of Director of Gestion FÉRIQUE as an engineer member in April 2023.
Mr. Sarrazin is a CGA by training. From 1980 to 2004, he worked in investment management at CIBC Asset Management and its mutual fund and private wealth subsidiaries. From 2004 to 2008, he was Chief Financial Officer at Fiera Capital. He has been an independent portfolio management consultant from 2008 to 2022.
Given his experience, he has been a member of numerous boards of directors and audit committees. As such, he has been responsible for various business activities, such as finance, operations, information technology, compliance and legal affairs, in addition to being closely involved in the development of incentive compensation policies.
Mr. Sarrazin was elected to the Board of Directors in April 2019 as a regular member and brings to FÉRIQUE Fund Management his extensive experience in accounting and administration.
Investment Monitoring Committee
The Investment Monitoring Committee (IMC) is a statutory committee responsible for making recommendations to the Board on the management of the Funds and the choice of managers. It brings together five to ten members who are appointed by the Board and who have recognized expertise in financial matters.
The IMC’s main responsibilities are:
- Ensure that methods, procedures and internal controls are put in place to allow the proper conduct of operations related to the management of FÉRIQUE Funds, such as the offer, responsible investment, policies, performance and risk monitoring and the production of regulatory documents.
Chairman of the Committee
Mr. Sarrazin is a CGA by training. From 1980 to 2004, he worked in investment management at CIBC Asset Management and its mutual fund and private wealth subsidiaries. From 2004 to 2008, he was Chief Financial Officer at Fiera Capital. He has been an independent portfolio management consultant from 2008 to 2022.
Given his experience, he has been a member of numerous boards of directors and audit committees. As such, he has been responsible for various business activities, such as finance, operations, information technology, compliance and legal affairs, in addition to being closely involved in the development of incentive compensation policies.
Mr. Sarrazin was elected to the Board of Directors in April 2019 as a regular member and brings to FÉRIQUE Fund Management his extensive experience in accounting and administration.
Manon Beaulieu obtained a bachelor's degree in mathematics, actuarial orientation, from the Université de Montréal. She also holds the professional designations of Fellow of the Society of Actuaries and of the Canadian Institute of Actuaries.
Since July 2018, she has been Director of the Retirement Office at Polytechnique Montreal. In this capacity, she oversees and monitors the management of the plan, the pension fund and investments, and provides advice and support to the management of several committees associated with the pension plan as well as the plan sponsor.
Previously, she worked in the consulting field with various actuarial firms, acting as an actuary and advisor to numerous companies and as an expert on several of their committees (audit, investment, pension committee). Manon Beaulieu has more than 30 years of experience in the field of pension plans and investment.
Ms. Beaulieu also has several years of varied experience on various boards and committees.
Ms. Beaulieu was appointed to the Investment Oversight Committee of Gestion FÉRIQUE in October 2022.
Ms. Bénéteau de Laprairie obtained a Computer Engineering degree in France and a master’s degree in electrical engineering from Polytechnique Montréal. She also holds an MBA designation from HEC Montréal, and she has completed doctoral studies in public administration.
She has over 20 years of experience in operational and strategic management of technology solutions teams. She began her career at Nortel before joining Keyrus Canada where she held various positions from project manager to director. From 2010 to 2016, she held many positions at the City of Montreal, mainly in public safety and justice before joining the management team of Sogema Technologies, a SME specialize in development and international deployment of tax management and compliance solutions for the public sector. She is now IT portfolio director and division manager at STM.
Ms. Bénéteau de Laprairie also has many years of experience on various boards of directors, mainly in the field of arts and education.
Ms. Bénéteau de Laprairie was elected on the Board of Directors of FÉRIQUE Fund Management in March 2022.
Mr. Blanchet holds a degree in electrical engineering from the École Polytechnique de Montréal. He also obtained solid management training at the McGill Executive Institute and a university certification in corporate governance at Université Laval. He began his career at CAE Electronics Ltd. in Mirabel, where he held the positions of Systems Engineer and Group Leader, Tactical and Ballistic Mission Computer (CF-18). In 1995, he became General Manager of Fèves au Lard L'Héritage Ltée in Laval, and later Chairman of the Board. In 2022, the family business passes to the third generation, and he will continue to support the new management team for several years.
He has experience as a member of various audit, investment, philanthropic, human resources and governance committees. He has sat on several boards: the Ordre des ingénieurs du Québec – Lanaudière Regional Committee (1989-2007), of which he was Chairman for three years; the Laval Agri-Food Development Committee Table (2004-2014); and the board of Laval Technopole (2008-2015). Finally, he was Chair of the Board of Directors of Collège Montmorency de Laval (2015-2018), and he continues to serve on the Executive Committee and to be involved with the Collège's Foundation. His participation on various boards demonstrates his dedication and strong leadership in business development.
Mr. Blanchet joined the board of Gestion FÉRIQUE as an honorary member in April 2018 and was its Chairman in 2019-2020.
Mr. Choquette holds a Bachelor’s degree in Business Administration with a specialization in Finance and Economics from HEC Montréal. He also completed a Master of Business Administration (MBA) from Université Laval. In addition, he holds the Chartered Financial Analyst (CFA) designation as well as the FRM certification (Financial Risk Manager).
He began his career in 1988 as institutional money market dealer at the Royal Bank of Canada. Over his career, he held various positions, going from portfolio manager to Vice President within renowned financial institutions such as the Caisse de dépôt et placement du Québec and TAL Global Asset Management. Since 2012, Mr. Choquette acts as a consultant for central banks, the World Bank and the International Monetary Fund.
Mr. Choquette joined the Investment Monitoring Committee of Gestion FÉRIQUE in October 2019.
Manuelle Croft obtained a bachelor’s degree in electromechanical system engineering from the Université du Québec à Rimouski (2002). She began her career in the field of building mechanics and acted as a construction manager for several projects, mainly at Bell Canada’s head office. Then, at SNC-Lavalin O&M, she participated in numerous projects in government buildings as commissioning manager.
In 2012, she joined EXP, a multidisciplinary engineering consulting firm where she developed her expertise in sustainable development management. As a LEED accredited professional, Ms. Croft coordinates many green building certification projects. Recently certified as an Envision Specialist, she applies her expertise to infrastructure projects. Today, she is the coordinator of the sustainable development group, contributing to the realization of sustainable engineering projects.
Ms. Croft joined the Investment Monitoring Committee of Gestion FÉRIQUE in April 2022.
Mr. Delsanne holds a Mathematics degree from the University of Montreal (1974). He also completed a Mathematics Master at the Université Laval (1977) and has the Fellow of the Society of Actuaries as well as the Chartered Financial Analyst (CFA) designation.
For 23 years, he held various positions: actuary in a life insurance society, responsible associate in an actuarial office and responsible of products and business development at Natcan. In 2000, he headed his career to teaching at the Université du Québec à Montréal. In 2014, he launched his own consulting firm, Delsanne Conseil inc. which serves pension funds, financial institution and wealthy individuals.
He is a member of the Investing Committee of the Fiducie glogale des régimes de retraite de la STM and of the Caisse de retraite de l’Association de bienfaisance et de retraite des policiers et policières de la Ville de Montréal. He is also a member of the Board of directors and of the Investing Committee of Humania Assurance, President of the Quebec City Pension Plans Master Trust and an external member of the Comité de retraite du régime des contremaîtres de la Ville de Montréal and of the Fonds de solidarité FTQ.
Mr. Delsanne as joined Investment Monitoring Committee of Gestion FÉRIQUE in October 2019.
Mr. Francis Fortin joined FÉRIQUE Fund Management in September 2023 as Vice President, Investments. In his role, he manages and oversees activities related to investment management and responsible investment.
Mr. Fortin has over 20 years of experience in investment management. Prior to joining us, he was Head of Investment Solutions Management at Desjardins Global Asset Management.
President and CEO
Mr. Lizotte joined FÉRIQUE in 2010 as Director, Investments. He was promoted to Vice-President, Investments in 2016 and Chief, Investment Solutions in 2020. Mr. Lizotte was appointed as President and CEO in July 2023. He is now responsible for the strategic direction and for all activities of FÉRIQUE Fund Management and its subsidiary, FÉRIQUE Investment Services.
He has over 20 years of diversified experience in the financial industry. Before joining FÉRIQUE, he worked at Morneau Sobeco and CIBC Global Asset Management.
Audit and Risk Management Committee
All committee members must be financially literate and independent. The main responsibilities of the Committee are to:
- Ensure the integrity of the financial statements of the organization and of FÉRIQUE Funds;
- Ensure the effectiveness of the financial information disclosure process to ensure compliance with applicable standards;
- Monitor the independence and performance of the external auditor;
- Ensure the effectiveness of the internal control systems of the organization and of the FÉRIQUE Funds;
- Ensure that the risk management practices necessary to monitor the organization's main risks are in place.
Chairman of the Committee
Ms. Belleau holds a Master of Business Administration from the Université du Québec à Montréal and a Bachelor of Business Administration, with a major in Accounting from the Université du Québec à Trois-Rivières.
To name a few, risk management and prevention, financial management, compliance and supervision, human and material resources management are some of the skills that Ms. Belleau has developed throughout her career.
Since 2016, she has been applying her expertise as the head of retail accounting at the Jean Coutu Group, the pharmaceutical division of Metro Inc. In her role, she manages the financial activities of the centralized franchised pharmacies, in addition to being an active member of the division’s Executive Committee.
Previously, she worked for a number of companies including Metro, Proxim, the Fonds d’assurance responsabilité professionnelle de la Chambre des Notaires du Québec and the Fonds d’assurance responsabilité professionnelle du courtage immobilier du Québec.
Ms. Linda Belleau has been elected to the Board of Directors as a regular member in August 2023.
Mr. Blanchet holds a degree in electrical engineering from the École Polytechnique de Montréal. He also obtained solid management training at the McGill Executive Institute and a university certification in corporate governance at Université Laval. He began his career at CAE Electronics Ltd. in Mirabel, where he held the positions of Systems Engineer and Group Leader, Tactical and Ballistic Mission Computer (CF-18). In 1995, he became General Manager of Fèves au Lard L'Héritage Ltée in Laval, and later Chairman of the Board. In 2022, the family business passes to the third generation, and he will continue to support the new management team for several years.
He has experience as a member of various audit, investment, philanthropic, human resources and governance committees. He has sat on several boards: the Ordre des ingénieurs du Québec – Lanaudière Regional Committee (1989-2007), of which he was Chairman for three years; the Laval Agri-Food Development Committee Table (2004-2014); and the board of Laval Technopole (2008-2015). Finally, he was Chair of the Board of Directors of Collège Montmorency de Laval (2015-2018), and he continues to serve on the Executive Committee and to be involved with the Collège's Foundation. His participation on various boards demonstrates his dedication and strong leadership in business development.
Mr. Blanchet joined the board of Gestion FÉRIQUE as an honorary member in April 2018 and was its Chairman in 2019-2020.
Mr. Boyer has a degree in electrical engineering from the École Polytechnique de Montréal. During his career, he held various positions at Nortel, Media5 Corporation and Technologies Exofixe before joining Telcobriges as Vice President, Sales in 2022.
He has gained experience as a member of various committees. In 2008 and 2009, he was a member of FÉRIQUE Fund Management’s Ad Hoc Responsible Investment Committee, taking part in such matters as the revision of the proxy voting policy and the process of becoming a signatory to the United Nations Principles for Responsible Investment (PRI).
He has served on the Board of Directors of the Office Québec-Amériques pour la jeunesse, a Québec government organization, as well as on the Executive Committee of Génération d’Idées, an organization that fosters a new generation of talent and for which he also acted as spokesperson.
Mr. Boyer was elected to the Board of Directors of FÉRIQUE Fund Management as an engineer member in April 2019.
Fabienne Fayad holds a degree in industrial engineering with an industrial innovation major from Polytechnique Montréal (1987). Having acquired many years of experience, she is a seasoned information technology and e-commerce specialist. She began her career as Vice President and co-founder of Cognisys Consultants, a firm that specializes in computer consulting and development of artificial intelligence software. From 1993 to 2013, Ms. Fayad put her talent and expertise at the service of many consulting firms, including CGI, Deloitte and ABna to name only a few. Since 2013, she has held the position of Partner and Consultant with EDGN Consultants Inc. in addition to being a Senior Consultant, Business Coach and Online Trainer for EDGENDA.
She is a member of the Ordre des ingénieurs du Québec with experience on various committees and boards of directors. From 2002 to 2013, she was a member of the Board of Directors of the École Polytechnique Alumni Association, of which she was also President from 2006 to 2007. She is also a member of Polytechnique’s Board of Governors.
Ms. Fayad was elected to the Board of Directors of FÉRIQUE Fund Management as an engineer member in April 2021.
Renaud Raymond has a mechanical engineering degree from the Université de Sherbrooke (1982). He also completed a Master of Business Administration (MBA) at Université Laval (1992). During his career, he has held senior management positions in Québec’s public service in financial, real property and material resources, as well as energy efficiency and innovation, notably as Senior Director, Banking Operations, at the Ministère des Finances (2001 to 2014) and as Director General of the Energy Efficiency Innovation Bureau of the Ministère de l’Énergie et des Ressources naturelles (2014 to 2017).
He is involved in various committees and associations. From 2012 to 2018, he was on the Board of Directors of the Financial Management Institute of Canada (Québec Chapter), and since December 2017 has been a member of the Board of Directors of Convivio, a co-operative with close to 20,000 members.
Mr. Raymond was elected to the Board of Directors of FÉRIQUE Fund Management as an honorary member in April 2019.
Human Resources and Remuneration Committee
The Committee’s main responsibilities are:
- to ensure that the necessary policies and procedures are in place to manage the organization’s human resources effectively;
- to ensure that the necessary policies and procedures are in place to ensure that the organization’s employees, including its main officers, are remunerated in an equitable and competitive manner; and
- to monitor the risks related to the organization’s human resources by ensuring that an appropriate internal management environment is in place.
Chairman of the Comitee
Ms. Lyne Ricard is graduate from the École Polytechnique Montréal (1988) and has over 30 years of experience in the field of chemical engineering. Ms. Ricard has an extensive experience in business development, engineering project management, production, marketing and operations.
She began her career at Petro-Canada as a production engineer, and then progressed to numerous management and project management positions. From 2010 to 2013, she was also Vice President, Oil and Gas section at SNC-Lavalin Construction. Since 2013, she has been using her expertise at BBA Inc. where she has managed numerous projects and technology development related to fighting climate change such as carbon capture and conversion, green hydrogen and advanced fuels and chemicals.
Ms. Ricard was elected on the Board of Director of Gestion FÉRIQUE as an engineer member in April 2023.
Mr. Desmarais holds a degree in business administration from HEC Montréal (2002). He is co-founder of Fibrenoire, a telecommunication infrastructure enterprise, where he was Chief Executive Officer from 2007 to 2018. In January 2019, he was appointed Chief Executive Officer of Ni2, a company that offers innovative software solutions.
In November 2021, he decided to take up new challenges at Novacap as a partner. Novacap is one of the most prominent buyout and growth equity firm in the industry.
Mr. Desmarais was elected to the Board of Director of FÉRIQUE Fund Management as a coopted member in April 2019 in addition of being a member of the Investment Monitoring and the Human Resources and Remuneration Committees.
Fabienne Fayad holds a degree in industrial engineering with an industrial innovation major from Polytechnique Montréal (1987). Having acquired many years of experience, she is a seasoned information technology and e-commerce specialist. She began her career as Vice President and co-founder of Cognisys Consultants, a firm that specializes in computer consulting and development of artificial intelligence software. From 1993 to 2013, Ms. Fayad put her talent and expertise at the service of many consulting firms, including CGI, Deloitte and ABna to name only a few. Since 2013, she has held the position of Partner and Consultant with EDGN Consultants Inc. in addition to being a Senior Consultant, Business Coach and Online Trainer for EDGENDA.
She is a member of the Ordre des ingénieurs du Québec with experience on various committees and boards of directors. From 2002 to 2013, she was a member of the Board of Directors of the École Polytechnique Alumni Association, of which she was also President from 2006 to 2007. She is also a member of Polytechnique’s Board of Governors.
Ms. Fayad was elected to the Board of Directors of FÉRIQUE Fund Management as an engineer member in April 2021.
Mr. Sarrazin is a CGA by training. From 1980 to 2004, he worked in investment management at CIBC Asset Management and its mutual fund and private wealth subsidiaries. From 2004 to 2008, he was Chief Financial Officer at Fiera Capital. He has been an independent portfolio management consultant from 2008 to 2022.
Given his experience, he has been a member of numerous boards of directors and audit committees. As such, he has been responsible for various business activities, such as finance, operations, information technology, compliance and legal affairs, in addition to being closely involved in the development of incentive compensation policies.
Mr. Sarrazin was elected to the Board of Directors in April 2019 as a regular member and brings to FÉRIQUE Fund Management his extensive experience in accounting and administration.
Governance Comitee
All the Committee members must be independent. Its main responsibilities are:
- Ensure that policies and procedures are in place to ensure compliance with the ethical principles, rules of governance and the code of conduct of the organization;
- Ensure that the structure, composition and performance of the board and committees ensure their proper functioning;
- Ensure the diversity and complementarity of the skills and experience of Board and committee members, as well as plan their succession.
Chairman of the Comitee
Mr. Boyer has a degree in electrical engineering from the École Polytechnique de Montréal. During his career, he held various positions at Nortel, Media5 Corporation and Technologies Exofixe before joining Telcobriges as Vice President, Sales in 2022.
He has gained experience as a member of various committees. In 2008 and 2009, he was a member of FÉRIQUE Fund Management’s Ad Hoc Responsible Investment Committee, taking part in such matters as the revision of the proxy voting policy and the process of becoming a signatory to the United Nations Principles for Responsible Investment (PRI).
He has served on the Board of Directors of the Office Québec-Amériques pour la jeunesse, a Québec government organization, as well as on the Executive Committee of Génération d’Idées, an organization that fosters a new generation of talent and for which he also acted as spokesperson.
Mr. Boyer was elected to the Board of Directors of FÉRIQUE Fund Management as an engineer member in April 2019.
Ms. Bénéteau de Laprairie obtained a Computer Engineering degree in France and a master’s degree in electrical engineering from Polytechnique Montréal. She also holds an MBA designation from HEC Montréal, and she has completed doctoral studies in public administration.
She has over 20 years of experience in operational and strategic management of technology solutions teams. She began her career at Nortel before joining Keyrus Canada where she held various positions from project manager to director. From 2010 to 2016, she held many positions at the City of Montreal, mainly in public safety and justice before joining the management team of Sogema Technologies, a SME specialize in development and international deployment of tax management and compliance solutions for the public sector. She is now IT portfolio director and division manager at STM.
Ms. Bénéteau de Laprairie also has many years of experience on various boards of directors, mainly in the field of arts and education.
Ms. Bénéteau de Laprairie was elected on the Board of Directors of FÉRIQUE Fund Management in March 2022.
Mr. Blanchet holds a degree in electrical engineering from the École Polytechnique de Montréal. He also obtained solid management training at the McGill Executive Institute and a university certification in corporate governance at Université Laval. He began his career at CAE Electronics Ltd. in Mirabel, where he held the positions of Systems Engineer and Group Leader, Tactical and Ballistic Mission Computer (CF-18). In 1995, he became General Manager of Fèves au Lard L'Héritage Ltée in Laval, and later Chairman of the Board. In 2022, the family business passes to the third generation, and he will continue to support the new management team for several years.
He has experience as a member of various audit, investment, philanthropic, human resources and governance committees. He has sat on several boards: the Ordre des ingénieurs du Québec – Lanaudière Regional Committee (1989-2007), of which he was Chairman for three years; the Laval Agri-Food Development Committee Table (2004-2014); and the board of Laval Technopole (2008-2015). Finally, he was Chair of the Board of Directors of Collège Montmorency de Laval (2015-2018), and he continues to serve on the Executive Committee and to be involved with the Collège's Foundation. His participation on various boards demonstrates his dedication and strong leadership in business development.
Mr. Blanchet joined the board of Gestion FÉRIQUE as an honorary member in April 2018 and was its Chairman in 2019-2020.
Mr. Dumont holds an engineering degree and a Master of Business Administration (MBA). He has more than 30 years of experience in operations, procurement and project management.
His expertise in operational and commercial management as well as his interest in the financial sector led him to become CEO of the McGill Healthcare Infrastructure Group (MHIG) , one of the largest public-private partnership (PPP) projects in North America.
He is also a member of the Board of Les Impatients , a non-profit organization with a mission to assist people with mental health problems. For about 30 years, he has been acquiring solid commercial, legal and financial experience.
Mr. Dumont joined the Board of Directors of Gestion FÉRIQUE in April 2018 and was elected Chairman in December 2020.
Renaud Raymond has a mechanical engineering degree from the Université de Sherbrooke (1982). He also completed a Master of Business Administration (MBA) at Université Laval (1992). During his career, he has held senior management positions in Québec’s public service in financial, real property and material resources, as well as energy efficiency and innovation, notably as Senior Director, Banking Operations, at the Ministère des Finances (2001 to 2014) and as Director General of the Energy Efficiency Innovation Bureau of the Ministère de l’Énergie et des Ressources naturelles (2014 to 2017).
He is involved in various committees and associations. From 2012 to 2018, he was on the Board of Directors of the Financial Management Institute of Canada (Québec Chapter), and since December 2017 has been a member of the Board of Directors of Convivio, a co-operative with close to 20,000 members.
Mr. Raymond was elected to the Board of Directors of FÉRIQUE Fund Management as an honorary member in April 2019.
Independent Review Committee
Chairman of the Committee
Ms. Sanscartier has a master’s degree in project management and a post-MBA degree in strategic management, and held various positions as Vice President of the Fonds Solidarité FTQ, where she worked for 19 years. From 2006 to 2015, Ms. Sanscartier was a Partner and a Governance, Compliance and Risk Management Advisor at Interis and BDO. She is a board member and a governance committee member of several companies. She also holds university certification in corporate governance from the Collège des administrateurs de sociétés.
Holder of a Bachelor's degree in Administration and a Certificate in Accounting from Laval University, Mr. Frenette has an extensive track record and is a Fellow of the Ordre des comptables professionnels agréés du Québec. He has worked notably in a private firm and at the Auditor General of Québec. Subsequently, he held various leadership positions in the financial sector, eventually becoming the General Director of the ministère des Finances. He then joined the SAAQ, where he held several vice-president positions until his retirement in 2022. Throughout his career, he chaired and served on committees, including several related to the accounting profession, and served as a governor of the Institut de gestion financière du Québec. He is now a governance and corporate strategy advisor, sits on various committees including the audit committee of the ministère du Conseil exécutif, and serves as expert-in-residence for the ENAP.
Sylvain Piché holds a Master's degree in Management Science, majoring in Finance, from HEC Montréal and a Bachelor's degree in Economics from Université Laval. He has built up his extensive experience in financial risk management and investment monitoring through various positions with major financial institutions.
He worked at National Bank from 1993 to 2000 as Manager, Middle Office, before moving to Desjardins, where he held various roles for nearly 15 years, including Assistant Vice-President, Market Risk Management, for Desjardins Global Asset Management from 2005 to 2010, and Director, Counterparty and Issuer Risk, Matching and Liquidity for Desjardins Group from 2010 to 2017.
Mr. Piché now brings his knowledge as an expert member of various committees, including the Retirement Committee of the Ordre des infirmières et infirmiers du Québec.