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Internal Investment Committee

 

The Internal Investment Committee was established in 2016 to strengthen our internal processes for exercising delegated authority and certain other matters. Additional details regarding the function of the Internal Investment Committee are set out in its Terms of Reference.

The current voting members of the Internal Investment Committee are set out below. The Vice President, Legal and other investment department staff also attend and participate in meetings of the Internal Investment Committee.



 Jeff Norton 2016 cropped JLJeff Norton, B.Sc. (Eng), LLM, CFA, C.Dir.
President & CEO
Chair, Internal Investment Committee
204-942-3764

Jeff is responsible for the overall operations of TRAF, and also works closely with the Board regarding governance matters. Prior to initially joining TRAF in 2005, Jeff was President of Assante Global Advisors Inc., an investment management firm based in Los Angeles, California.

Jeff holds two degrees from the University of Manitoba (Industrial Engineering, 1986, Gold Medalist; Law, 1989, Dean's Honour List), as well as a Master of Laws degree from the London School of Economics. Jeff is also a Chartered Financial Analyst (CFA) charterholder and Chartered Director.

Jeff is actively involved in the community, and currently sits on the Board of the Jewish Foundation of Manitoba and its Investment Committee. He is also a member of the Investment Committee for the Winnipeg Civic Employees' Benefit Program. Within the pension industry, Jeff has served as a director of both the Association of Canadian Pension Management (ACPM) and the Pension Investment Association of Canada.



2019 Graeme Hay croppedGraeme Hay, CPA, CMA, CFA
Chief Investment Officer
204-975-3655

Graeme leads all aspects of TRAF's investment program, including investment strategy, manager selection and monitoring. Prior to TRAF, he was a member of the investment team of Wellington West Asset Management, the internal portfolio management unit of one of Canada's largest independent brokerages. In this role, he carried out fundamental research for the firm's equity portfolios and led the firm's research effort on external investment managers employed across the firm.

Graeme is a Certified Management Accountant (CMA), having earned the Robert Syme Memorial Silver Medal, and is a Chartered Financial Analyst (CFA) charterholder. He is a past president of the CFA Society of Winnipeg and serves on the Board of the Pension Investment Association of Canada (PIAC). He also serves on the Investment Committee of the Manitoba Museum Pension Trust Fund.

 



David Asselstine cropped 2019David Asselstine, CPA, CA.IFA, CFE
Senior Vice President & Chief Financial Officer
Chief Risk Officer
204-975-3670

David works closely with the investment team, the Board and the Investment Committee in establishing an appropriate investment risk appetite, an appropriate investment strategy, and the prudent design and execution of the investment program.

David has over 20 years of experience as a financial expert. Prior to joining TRAF, he was the President of Infocus Forensic Financial Investigations Ltd. where he served as a forensic accountant and financial expert. His clients have included, among others, the International Monetary Fund, local and national governments, numerous foreign governments, an independent and historic public inquiry, municipal and national police forces, and various public regulatory bodies. On five occasions, David has testified as an expert witness in criminal tribunals dealing with such matters as investment fraud and other white-collar crime matters.



Russell Olivson resizedRussell Olivson, CFA
Portfolio Manager
204-594-4278

Russell is responsible for the long-term strategy and implementation of TRAF's real estate and real estate debt portfolios.

Prior to TRAF, Russell was the Director of Investments and Analysis for Longboat Development Corporation, a Winnipeg-based real estate development firm, where he was responsible for all investing and financing activities within the organization. Russell played a key role in the development of several office, retail and residential projects, as well as overseeing a portfolio of assets within the city of Winnipeg.

Russell holds a Bachelor of Commerce degree from the Asper School of Business at the University of Manitoba and is a Chartered Financial Analyst (CFA) charterholder.

He currently sits on the Investment Committee of the Jewish Foundation of Manitoba. He also sits on the Board of Directors for Manitoba Possible and is the Chair of its Finance and Audit Committee.