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
FÉRIQUE Fund Management's Board of Directors is composed of 9 to 13 directors, the majority of whom are engineers, mandated to act in the best interests of investors. They are all elected by the members of the Gestion FÉRIQUE organization. When you invest in FÉRIQUE Funds, you too can become a member of Gestion FÉRIQUE, and as such, monitor the activities of the organization and its funds.
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. 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. Since 2019, she is division manager, Bus Technologies 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, a position he still holds today.
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. He began his career as a Systems Engineer-in-Training at Nortel, before joining Media5 Corporation in 2002, where he held various positions, and was eventually appointed Director of Sales, Business Development and Technical Support in 2016. In 2020, he started as Sales Director at Ecofixe Technologies.
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).
President of the Governing Board of École La Visitation (CSSDM), he has also served a member of the Board of Directors of the Office Québec-Amériques pour la jeunesse, a Québec government organization, and a member of 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
Fabienne Lacoste holds a Bachelor’s degree in Business Administration, Finance major, from HÉC Montréal (1990) and has the CFA (Chartered Financial Analyst) professional designation from the Association for Investment Management and Research (1997). In 1990, she started her career at Towers Perrin, a consulting firm, where she held the positions of Specialist, Assistant Advisor, and Asset Management Advisor. As an Asset Management Advisor, her role was to give advice to the pension funds on how to manage their assets by developing strategies, investment structures and policies, as well as conducting research and follow-ups on the plans for the investment managers and administrators. In 1996, she joined Altamira Management as Head of Customer Service for various pension funds and insurance company. One year later, she returns to Towers Perrin as Asset Management Advisor. In 1999, she agreed to take the position of Assistant Vice-President, Marketing for TAL Global Asset Management Inc. (now known as CIBC Global Asset Management) to later be promoted to the position of Vice-President, Marketing and Products Development. Ms. Lacoste was then responsible for all marketing, communications and product development activities for TAL institutional clients in Canada. In September 2004, she became Executive Director of Gestion FÉRIQUE.
In 2016, Ms. Lacoste has been appointed as President and CEO. Reporting to the Board of Directors, Ms. Lacoste is responsible for strategic direction as well as leading all activities of Gestion FÉRIQUE and its subsidiary, Services d’investissement FÉRIQUE. She manages a team of nearly 60 professionals who make up the internal teams in investment management, business development, marketing/communications and accounting/compliance. Ms. Lacoste sits on the Board od Directors and is a member of the Investment Monitoring Committee (IMC) of FÉRIQUE Funds as well as of various other committees created by the Board of Directors. She brings to the organisation over 20 years of experience in asset management, financial product development and financial marketing.
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.
Molita Sexton obtained a Bachelor of Science from the Université de Montréal (1990). She also obtained an MBA (1999) and a DESS in accounting management (2003) from the Université du Québec à Montréal, along with university certification in corporate governance from the Collège des administrateurs de sociétés of Université Laval (2014). She has many years of experience in administration, human resources and accounting, including 20 years with service businesses. From 1995 to 2015, she worked for the engineering firm CIMA+ as Senior Director, Administration / Controller.
Ms. Sexton was a member of the Board of Directors of FÉRIQUE Fund Management from 2003 to 2010, including six years as Treasurer, and was re-elected to the Board in 2015. She has been a member of the Human Resources Committee since 2008 and became its Chairman in 2016. She was also appointed to the Audit Committee in 2016. Ms. Sexton brings to the organization extensive experience in accounting, administration, budget management and financial oversight.
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.
Together with the management team, the IMC is responsible for researching managers and ensuring rigorous monitoring of their performance and management process, the objective being to produce returns above industry medians.
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. Since 2019, she is division manager, Bus Technologies 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. 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. 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.
Présidente et chef de la direction
Fabienne Lacoste est titulaire d’un Baccalauréat en administration des affaires, option finance, des HÉC Montréal (1990) et détient le titre professionnel de CFA (Chartered Financial Analyst) de l’Association for Investment Management and Research (1997). En 1990, elle entreprend sa carrière auprès de la firme de consultation Towers Perrin où elle occupe les postes de spécialiste, conseillère adjointe, puis conseillère en gestion de l’actif. À ce titre, elle conseille les caisses de retraite sur la gestion de leurs avoirs en développant des stratégies, des structures et des politiques de placement, et en effectuant la recherche et le suivi des gestionnaires de placement et administrateurs pour leurs régimes. En 1996, elle se joint à Gestion Altamira comme responsable du service à la clientèle pour plusieurs caisses de retraite et compagnies d’assurance. Un an plus tard, elle réintègre l’équipe de Towers Perrin comme conseillère en gestion de l’actif. En 1999, elle accepte un poste de vice-présidente adjointe, Marketing chez TAL Gestion globale d’actifs inc. (aujourd’hui Gestion globale d’actifs CIBC) où elle est promue ensuite au poste de vice-présidente, Marketing et développement des produits. Mme Lacoste est alors responsable de toutes les activités de marketing, de communication et de développement des produits pour la clientèle institutionnelle de TAL au Canada. En septembre 2004, elle devient directrice générale de Gestion FÉRIQUE.
En 2016, Madame Lacoste a été nommée présidente et chef de la direction. Relevant du conseil d’administration, Mme Lacoste est responsable de l’orientation stratégique et de la direction de l’ensemble des activités de Gestion FÉRIQUE et de sa filiale, Services d’investissement FÉRIQUE. Elle dirige une équipe de près de 60 professionnels qui composent les équipes internes de gestion de placements, de développement des affaires, de marketing/communications et de comptabilité/conformité. Mme Lacoste siège au conseil d'administration et est membre du comité de surveillance des placements (CSP) des Fonds FÉRIQUE ainsi que de différents comités formés par le conseil d’administration. Elle apporte à l’organisation plus de 20 ans d’expérience dans les domaines de la gestion de l’actif, du développement de produits financiers et du marketing financier.
Chief, Investment Solutions
Louis Lizotte holds a Bachelor’s degree in Business Administration from Bishop's University and the designation of Chartered Financial Analyst (CFA) as well as the FRM certification (Financial Risk Manager) of the Global Association of Risk Professionals. During his career, amongst other roles, he worked as a Consultant, Asset Management Advisory Services at Morneau Sobeco before joining CIBC Global Asset Management Inc. where he contributed to the development of investment products and strategies.
Louis joined FÉRIQUE in 2010 as Director, Investments and was appointed to FÉRIQUE’S Investment Monitoring Committee in June 2015. Louis was promoted to Chief, Investment Solutions in 2020. In his new role, he is responsible for two key functions within the organization: marketing and investment management. Louis brings to FÉRIQUE close to 20 years of diversified financial industry experience.
Audit and Risk Management Committee
All committee members must be financially literate and independent. The main responsibilities of the Committee are to:
- Support the Board of Directors in monitoring the risks related to the integrity of the financial information disclosure process and the financial internal control system by ensuring their compliance with applicable standards and regulations;
- Monitor the independence and performance of the external auditor;
- Monitor the main organizational risks by ensuring that the identification, management, monitoring and reporting tools and processes are in place.
Chairman of the Committee
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. 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. Since 2019, she is division manager, Bus Technologies 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, a position he still holds today.
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.
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.
Molita Sexton obtained a Bachelor of Science from the Université de Montréal (1990). She also obtained an MBA (1999) and a DESS in accounting management (2003) from the Université du Québec à Montréal, along with university certification in corporate governance from the Collège des administrateurs de sociétés of Université Laval (2014). She has many years of experience in administration, human resources and accounting, including 20 years with service businesses. From 1995 to 2015, she worked for the engineering firm CIMA+ as Senior Director, Administration / Controller.
Ms. Sexton was a member of the Board of Directors of FÉRIQUE Fund Management from 2003 to 2010, including six years as Treasurer, and was re-elected to the Board in 2015. She has been a member of the Human Resources Committee since 2008 and became its Chairman in 2016. She was also appointed to the Audit Committee in 2016. Ms. Sexton brings to the organization extensive experience in accounting, administration, budget management and financial oversight.
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
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.
Mr. Boyer has a degree in electrical engineering from the École Polytechnique de Montréal. He began his career as a Systems Engineer-in-Training at Nortel, before joining Media5 Corporation in 2002, where he held various positions, and was eventually appointed Director of Sales, Business Development and Technical Support in 2016. In 2020, he started as Sales Director at Ecofixe Technologies.
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).
President of the Governing Board of École La Visitation (CSSDM), he has also served a member of the Board of Directors of the Office Québec-Amériques pour la jeunesse, a Québec government organization, and a member of 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.
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 members of the Committee must be independent. Its main responsibilities are to:
- Ensure the establishment of policies, practices and procedures to assess the effectiveness of the Board and its committees;
- Recommend the skills, abilities and personal qualities to look for in the Board to create added value. Subsequently, it is mandated to identify people with the skills and aptitudes required to sit on it;
- Ensure the review and update of the statutes, General Regulations and policies of the organization.
Chairman of the Committee
Mr. Boyer has a degree in electrical engineering from the École Polytechnique de Montréal. He began his career as a Systems Engineer-in-Training at Nortel, before joining Media5 Corporation in 2002, where he held various positions, and was eventually appointed Director of Sales, Business Development and Technical Support in 2016. In 2020, he started as Sales Director at Ecofixe Technologies.
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).
President of the Governing Board of École La Visitation (CSSDM), he has also served a member of the Board of Directors of the Office Québec-Amériques pour la jeunesse, a Québec government organization, and a member of 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. 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, a position he still holds today.
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.
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.
Independent Review Committee
Interim 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 business administration and a certificate in accounting science from the Université Laval, Mr. Frenette has a rich track record. Fellow of the Ordre des comptables professionnels agréés du Québec, he was General Director of the Ministère des Finances du Québec from 1998 to 2005 and Vice President of the SAAQ from 2006 to 2022. He is now a consultant in corporate governance and strategy and sits on various committee, including the Audit Committee of the Ministère du Conseil exécutif.
Mr. Guilbault is a graduate of the École des Hautes Études Commerciales and of Queen’s University. He was Senior Vice-President and Chief Investment Officer of Desjardins Financial Corporation and its subsidiary Opvest from 2002 to 2004, and President and Chief Operating Officer of Desjardins Asset Management from 2004 to 2010. Mr. Guilbault is a board member and an investment committee member of several companies. He holds the Chartered Financial Analyst (CFA) designation and university certification in corporate governance from the Collège des administrateurs de sociétés.