Comprehensive Investment Management for UBC's Investment Funds

UBC IMANT Board of Directors

Lisa Pankratz (Chair, UBC IMANT Board)

Ms. Pankratz is a Corporate Director, Advisor and current Chair of the UBC IMANT Board. She is a CPA Chartered Accountant and a Chartered Financial Analyst (CFA) who has served on a variety of boards since 2001.

Formerly, Ms. Pankratz was President of Mackenzie Cundill Investment Management in Vancouver, Canada from 2006 until 2010. Prior to 2006, she was the President of CIR Investment Research (formerly Cundill Investment Research Ltd.) a global investment counsel firm and from 2002 until 2006, she was Chief Compliance Officer for The Cundill Group. From 2000 until 2002, she was an independent Corporate Advisor and Consultant.

Ms. Pankratz was Chief Financial Officer of Evans Forest Products Ltd., a BC-based forest products company, from 1997 to 1999. Prior to her position with Evans Forest Products, she was an Investment Banker, specializing in public and private financings, mergers and acquisitions, strategic analyses and risk management advisory services for a variety of clients worldwide with Bankers Trust (BT Bank of Canada), Swiss Bank Corporation and Ernst & Young.

Ms. Pankratz’s charitable activities include serving as a board member of the Vancouver Foundation and its Investment Committee. She is a board member of The Friends of the Canadian Museum for Human Rights (the fund-raising arm of the museum).

In 2007, Ms. Pankratz was elected a Fellow of the Institute of Chartered Accountants of British Columbia. In 2008, she received the Women’s Executive Network Canada’s Most Powerful Women: Top 100 Award, as well as an Influential Women in Business Award from Business In Vancouver. In 2005, she was awarded the Peak Award for Performance and Excellence from the Association of Women in Finance.

Ms. Pankratz attended the University of Western Ontario and achieved an Honours BA in Business Administration from the Richard Ivey School of Business. She is a member of the Institute of Chartered Accountants of British Columbia, the Institute of Chartered Accountants of Ontario, the Vancouver Society of Financial Analysts and the CFA Institute.

Tom Bradley

Tom Bradley is the Chair and Co-Chief Investment Officer of Steadyhand Investment Management, a boutique manager focused solely on better outcomes for individual Canadian investors. He co-founded the firm in 2007.

Mr. Bradley started his career in 1983 as an Equity Analyst at Richardson Greenshields. He spent eight years with the firm, the last three as Director of Institutional Sales. In 1991, he joined Phillips, Hager & North as a Research Analyst and Institutional Portfolio Manager. He was appointed to the Board of Directors of PH&N in 1996 and appointed President and CEO in 1999, a role that he held until he resigned from the firm in 2005.

Mr. Bradley’s education includes a Bachelor of Commerce degree from the University of Manitoba (1979), an MBA from the Richard Ivey School of Business (1983) and 38 years in the investment trenches.

In addition to his duties at Steadyhand, Mr. Bradley is a long-standing member of the Investment Committee at the Vancouver Foundation and an enthusiastic advocate for individual investors through his blogs, bi-weekly articles in the National Post and speeches to industry groups.

Orla Cousineau

Orla Cousineau is the Executive Director, Pensions for the University of British Columbia.

Prior to her position with UBC, from 1998 until 2015, Ms. Cousineau held a number of senior positions within Mercer, and was National Partner. As a pension consultant and lawyer with Mercer, she was responsible for leading several large multi-employer jointly trusteed pension plans and providing strategic advice to multi-national corporations regarding the on-going operation and oversight of their pension funds.

Ms. Cousineau has served on the Board of the St. Paul’s Hospital Foundation and is the past Chair of the Finance Committee.

Ms. Cousineau received an LLB from the University of British Columbia and has been a member of the Law Society of BC since 1981. Her professional memberships include the Canadian Bar Association, CPBI and ACPM.

Alison Gould

Alison Gould is currently Chief Investment Officer of the Saskatchewan Teachers Federation. The Federation has assets under management of approximately $6 billion invested in support of multiple pension and benefit plans.

Ms Gould was formerly Chief Investment Officer of the Insurance Corporation of British Columbia (ICBC). ICBC has revenues of approximately $4 billion and assets under management of approximately $15 billion.

Ms. Gould’s former positions at ICBC were Head of Investment and Treasury (2014); Vice-President Investments, 2008-2014; Director Investments, 2003-2008.

Ms. Gould received a Master of Business Administration from UBC’s Sauder School of Business and a B.Comm from Queens University.

Hyewon Kong

Hyewon Kong is Vice President of Responsible Investing at the Investment Management Corporation of Ontario (IMCO), where she leads IMCO’s sustainable/responsible investing strategies.

With over 20 years of experience in both corporate and investment management in Asia, Europe and North America, Hyewon has been an ambassador of sustainable investing as an experienced portfolio manager and a subject matter expert on ESG. Since moving from the UK to Canada 6 years ago, Hyewon has been instrumental in creating broad collaborations in the Canadian financial industry to drive a sustainability agenda and has been named to Canada’s 2020 Clean50 leaders.

Hyewon serves on the Environmental Finance Advisory Committee at the University of Toronto and lectures on Investing for Impact, Environmental Finance and Sustainable Investment courses.

Hyewon is a CFA charterholder and a member of the Toronto CFA society and has co-founded and co-chaired Canadian Responsible Investment Working Group to provide platforms for collaboration and engagement to address key ESG issues.

Azim Lalani

Azim Lalani has over 25 years of financial experience and has held senior management roles in several public and private real estate companies.

Azim was the Chief Financial Officer of American Hotel Income Properties REIT LP (TSX: HOT.un) from 2014 to 2021. During his tenure, AHIP grew its enterprise value from US$350 million to over US$1.1 billion and owned and asset managed a diversified portfolio of 78 branded hotels across the United States. Azim led the finance group and was responsible for managing financial reporting, tax, treasury, corporate finance and risk management activities.

Azim was appointed to the UBC Board of Governors in 2019 and is currently Chair of the Finance Committee and was previously Chair of the Audit Committee.

A Chartered Professional Accountant (CPA, CA) and a Chartered Business Valuator (CBV), Azim graduated from The University of British Columbia with a Bachelor of Commerce degree in 1992.

Gordon MacDougall

Gordon MacDougall is a Corporate Director. For over 30 years, until his retirement in 2014, Mr. MacDougall was Vice-Chairman and Director with Connor, Clark & Lunn (CCL) Investment Management. Since 2002, he has been a Director of the Connor, Clark & Lunn Financial Group Ltd.

Prior to his years with CCL, Mr. MacDougall held senior executive positions with Yorkshire Trust Company and AGF Vancouver Investment Management, Dominion Securities and Sun Life Assurance.

Mr. MacDougall is Chair of the Board of Rogers Chocolates; Director of International Forest Products and Chair of their Corporate Governance & Nominating Committee and a Director of the Capilano Golf & Country Club. Currently, Mr. MacDougall is a Director on the Board of UBC Investment Management Trust and Chair of the UBC IMANT Investment Sub-Committee.

Mr. MacDougall’s past board experience includes Director positions on the Boards of Intrawest Corporation, Highfield Properties Ltd and Tangent Oil & Gas as well as Chair of the Vancouver Foundation.

Mr. MacDougall received a B.Comm (Finance) from Concordia University and a Masters of Business Administration from the University of Pittsburgh. Mr. MacDougall is a CFA Charterholder.

Rakesh Saraf, ICD.D

Rakesh Saraf is a senior private equity and infrastructure investments professional. He holds a Bachelor of Commerce(1986) from the University of Chennai, India; a Master of Management Studies(1998) from Jamnalal Bajaj Institute of Management Studies, University of Mumbai, India; a Chartered Financial Analyst (CFA, 2003) designation; and is an ICD.D Charterholder since 2008.

He has over 30 years’ experience in investment management, governance, strategy, growth, audit/risk management and HR/compensation. Draws from a diverse set of experiences rooted in hands-on principal investing across multiple strategies, industries and numerous direct equity situations. General management techniques are grounded by strong quantitative analytical investment skills. International experience in all facets of investment management, spanning both Private and Public Market investments.

He was a Senior executive at Alberta Teachers’ Retirement Fund Board and Alberta Investment Management Corp., where he represented both organizations at the Board of Directors of investee companies that included RTL-Westcan, Klemke Mining Corporation, and NCSG Ltd, and was a Director of the Canadian Venture Capital and Private Equity Association.

He is currently a Board member of BeneSys, Inc., a provider of Taft-Hartley Trust Fund Administration and Information Technology services; Skyline Renewable LLC, an independent wind power producer; and POI Business Interiors a Workspace Interiors and Office Furniture Company.

He also serves his community as Member, Board of Governors and Senator at University of Alberta and, serves on the Investment Committee of Edmonton Community Foundation.

Peter Smailes

Peter Smailes is the Vice-President, Finance and Operations at the University of British Columbia. He is responsible for leading finance, treasury and risk management services across UBC Vancouver and Okanagan campuses as well as building operations, energy and water services and infrastructure development. His portfolio also oversees the university’s relationship with the UBC Investment Management Trust which manages the university’s endowment, staff pension plan, and UBC Properties Trust which develops and manages real estate assets for the benefit of the university.

Mr. Smailes was promoted to the position of Vice-President, Finance and Operations at UBC in July 2018. Prior to that he was the UBC Treasurer, for 10 years and Associate Treasurer for 7 years prior to that. Before rejoining the University in 2001, Mr. Smailes was a Treasury Consultant working with a variety of universities, hospitals and not for profit clients. He also serves on the UBC Staff Pension Plan Board, the BCNet Board (Finance Committee Chair) the UBC Properties Investment Ltd. Board (ex-officio), UBC Investment Management Trust Board. He has a degree in Economics from Carleton University and is a CPA, CMA.