About

Key Facts

6 trillion

Dollars worth of assets managed by the ICPM network.

2004

ICPM was founded and to this day continues to grow.

2015

ICPM becomes an independent, non-profit organization.

49

Pensions or related organizations in the ICPM network as of 2024.

Our Story

The International Centre for Pension Management (ICPM) was founded in 2004 by Keith Ambachtsheer at the Rotman School of Management, University of Toronto, in order to bridge the gap between academic research and the pension fund industry. ICPM became an independent non-profit organization in 2015 and has grown into a global network of 49 pension funds and related organizations that together manage more than 6 trillion dollars of assets. We design biannual Discussion Forums and year-round virtual round tables for the network, education programs for pension fund board members, trustees, and C-suite executives, research initiatives for academics, and public webinars and thought leadership series for practitioners, policy-makers, and the broader public.

Our Network

Worldwide

World Bank

Australia

AustralianSuper

Aware Super

Cbus

New South Wales Treasury Corporation (TCorp)

Victorian Funds Management Corporation

Canada

Alberta Investment Management Corp (AIMCO)

Alberta Teachers’ Retirement Fund

British Columbia Investment Management Corp. (BCI)

British Columbia Municipal Pension Board of Trustees

Caisse de dépôt et placement du Québec

CPP Investments

Desjardins Group Pension Plan

Healthcare of Ontario Pension Plan (HOOPP)

Investment Management Corporation of Ontario (IMCO)

Local Authorities Pension Plan Corp (LAPP Corp.)

Ontario Municipal Employees Retirement System (OMERS)

Ontario Power Generation

Ontario Teachers’ Pension Plan (OTPP)

OPTrust

Public Sector Pension Investment Board (PSP)

University Pension Plan

Chile

AAFP Chile

AFP Habitat

Denmark

Danish Labour Market Supplementary Pension (ATP)

Italy

Fondo Pensione Cometa

Japan

Nomura Fiduciary Research & Consulting Co., Ltd.

Netherlands

ABP

Algemene Pensioen Groep (APG)

PGGM

Philips Pensioenfonds

Pensioenfonds Metaal & Techniek (PMT)

Stichting Bedrijfstakpensioenfonds voor de Detailhandel

New Zealand

Annuitas Management Limited

New Zealand Superannuation Fund

South Africa

FirstRand

GEPF

United Kingdom

Border to Coast Pensions Partnership

Nest

Railpen

Universities Superannuation Scheme (USS)

United States

California Public Employees’ Retirement System (CalPERS)

California State Teachers’ Retirement System (CalSTRS)

New York State Teachers’ Retirement System (NYSTRS)

Oregon Investment Council (OIC)

State of Wisconsin Investment Board

TIAA Institute

Virginia Retirement System (VRS)

Washington State Investment Board (WSIB)

Our People

Board of Directors

  • Michelle Ostermann portrait

    Michelle Ostermann

    Chair (Pension Protection Fund)

    UK

    Michelle was recently appointed as the Chief Executive Officer of the UK-based Pension Protection Fund, which manages £32.5 billion in assets safeguarding nearly 10 million members of eligible Defined Benefit pension schemes. She has 30 years of experience in the global investment industry and has held senior positions at several leading firms, including Sun Life Global Investments, where she managed a $10 billion fund-of-funds portfolio; Manulife Investments, where she headed up a $35-billion annuity product line; and British Columbia Investment Management, where she managed the client portfolios and $150 billion total fund serving consecutively as Senior Vice President, Corporate and Investor Relations, and Senior Vice President, Investment Risk, Strategy and Research. 

    Before joining PSP Investments as Senior Vice President and Global Head of Capital Markets, Michelle was Managing Director at Railpen Investments in London, where she was ultimately responsible for the $50 billion railway workers pension fund. In this capacity, she oversaw the entire investment business including investment and operational activities. 

    Michelle is also Chair of the Board of Directors at the International Centre for Pension Management (ICPM), a global research-based network of pension organizations dedicated to innovative thinking about pension design and management. Previously, she was Vice-Chair of the ICPM Board. Prior to that, she was the Vice Chair of the Board of Directors at the Pension Investment Association of Canada (PIAC), from 2015 to 2018. 

    Michelle holds a bachelor’s degree in Economics from the University of Victoria and is a Chartered Financial Analyst. 

    Michelle Ostermann

    Chair (Pension Protection Fund)

  • Matilde Segarra portrait

    Matilde Segarra

    Vice-Chair (APG US)

    United States

    Matilde Segarra (re)joined APG in February 2022 as Chief Executive Officer APG US. In this role she is responsible for overseeing APG US’ investment activities and operations to ensure they produce the desired results and are consistent with the overall strategy and mission of the company and APG’s clients. In this role she serves as the Chairperson of the APG US Executive Board, the Crisis Management Team the Change Initiative Board, and the Private Equity Co-Investment Committee. She also serves as co-Lead of APG Asset Management’s Global People & Culture Strategy and is a proud Board sponsor of the APG US Women’s Forum.

    From 2019-2021 Matilde worked for Fidelity International as Chief Risk Officer Asia Pacific. In this role she was responsible for the implementation and oversight of FIL’s Global Risk Management Framework for all risk types across FIL’s APAC business locations. Aside from her APAC risk oversight duties she also coordinated the build-out of Fidelity’s Global Risk monitoring and oversight framework for Sustainable Investing and Corporate Sustainability and represented Global Risk in the Sustainable Investment Oversight Committee and Corporate Sustainability Committee. During her tenure at Fidelity, she served on the Board of Fidelity’s Korean and Taiwan business entities and as the Manager in Charge for Risk Management in Hong Kong.

    Between 2005 and 2018 she held various positions at APG Asset Management, starting as a Portfolio Manager on APG’s Global Tactical Asset Allocation team based in Amsterdam. In 2010 she transferred to APG Asia in Hong Kong where she was appointed to the role of Global Co-Head of Investment Risk Management in 2012. She relocated to the United States to join APG US in 2015 where she was promoted to Chief Finance and Risk Officer US in January 2018.

    Prior to APG, Matilde has worked for AEGON Asset Management (The Hague) and ABN AMRO Rothschild Bank (Hong Kong) in Investment Strategist and Capital Market Analyst roles.

    Matilde holds a MA degree in Economics from Utrecht University and is a CFA Charter Holder.

    She speaks English, Spanish, Italian and Dutch.

    Matilde Segarra

    Vice-Chair (APG US)

  • Stewart Brentnall portrait

    Stewart Brentnall

    New South Wales Treasury Corporation

    Australia

    Stewart Brentnall joined TCorp as its first Chief Investment Officer in March 2017. The position was created following a merger between TCorp and two other NSW funds (State Super and iCare, formerly NSW WorkCover). He oversees asset allocation and manager selection. In this position, Mr Brentnall is responsible for running an aggregate portfolio of $110bn, representing defined benefit pension assets, insurance reserves, an infrastructure recycling assets and an intergenerational sovereign wealth fund.  Mr Brentnall has led the evolution of TCorp’s investment model to a Total Portfolio Approach.

    From 2010-2017, Mr. Brentnall was Chief Investment Officer for ANZ, one of the large Australian banks. In 2009, ANZ bought out its joint venture with ING to strengthen its position in wealth management. He was brought in to oversee the transition, and to design and implement its asset management strategy.

    Mr. Brentnall was previously Head of Investment Solutions at BT Financial Group, a newly created business unit to manage external funds. He also held various leadership roles in asset management at Queensland Investment Corporation (QIC), Goldman Sachs and Schroders. He began his career as an auditor with Deloitte.

    Stewart Brentnall

    New South Wales Treasury Corporation

  • Kristina Koutrakos portrait

    Kristina Koutrakos

    Virginia Retirement System

    United States

    Kristina Koutrakos has been Director, Portfolio Strategies at Virginia Retirement System since 2015, where she is responsible for the development and implementation of multi-asset portfolios and investment strategies at the $100+ billion U.S. state pension plan. Prior to this role, she was Managing Partner and founder of an investment firm to research and invest in women-run alternative investment funds. Kristina has served on ICPM’s Forum and Events Committee for the last year, which ensures member-exclusive events such as the in-person Discussion Forums and virtual round tables remain on point and relevant and for ICPM’s Research Partners.

    Kristina Koutrakos

    Virginia Retirement System

  • Susan Christoffersen portrait

    Susan Christoffersen

    Rotman School of Management

    Prof. Christoffersen joined the Rotman School as a finance professor in 2010 after spending more than a decade as a faculty member at Desautels Faculty of Management at McGill University. In her role as Vice-Dean, Undergraduate & Specialized Programs at the Rotman School from 2015 to 2020, she provided the leadership and energy to both re-invent undergraduate education and build three new pre-experience specialized programs. The Master of Financial Risk Management (MFRM), Graduate Diploma in Professional Accounting (GDipPA) and Master of Management Analytics (MMA), were launched in quick succession as a key part of the Rotman School’s growth. She was also a driving force behind the redesign of the Master of Finance program (MFin) as well as the fundamental transformation of the Rotman Commerce program including a curriculum restructuring and the more than doubling of resources including space and staff dedicated to the program, in partnership with the University’s Faculty of Arts and Science.  In addition to her work as Vice-Dean, she also founded and contributed to the growth of the TD Management Data Analytics Lab, an important hub of activity for advancing the School’s research and teaching in the field of data analytics. She also served as co-academic director of the Lab.

    She holds a bachelor’s degree in economics from Queen’s University and a master’s degree from the University of British Columbia and earned her PhD in finance at the Wharton School at the University of Pennsylvania.

    Susan Christoffersen

    Rotman School of Management

  • Mel Duffield portrait

    Mel Duffield

    Universities Superannuation Scheme

    United Kingdom

    Mel Duffield is currently Chief Scheme Strategy and Stakeholder Officer at Universities Superannuation Scheme, the £75.5bn hybrid scheme for universities and higher education institutions in the UK. Mel’s executive responsibilities include oversight and coordination of valuations, corporate communications and external relations, stakeholder support and strategy and insight. Prior to joining USS in 2015, Mel held positions at organizations such as Pensions Policy Institute (PPI) and Pensions and Lifetime Savings Association (PLSA). She was also a senior economic advisor at HM Treasury, the Department for Work and Pensions and the Department of Education. Mel has served on ICPM’s Pension Education Committee since 2019, which oversees the growth of education programs tailored to pension boards.

    Mel Duffield

    Universities Superannuation Scheme

  • Kenneth Corts portrait

    Kenneth Corts

    Rotman School of Management

    Canada

    Professor Kenneth S. Corts is Vice-Dean, Research, Strategy, and Resources and Academic Director of the Lee-Chin Institute for Corporate Citizenship at the Joseph L. Rotman School of Management. He also holds the Desautels Chair in Entrepreneurship and is a professor in the Economic Analysis and Policy area.

    Professor Corts has previously served in a number of other academic leadership positions at the University of Toronto, including Interim Dean at Rotman; Acting Vice-President, University Operations and Acting Vice-Provost, Academic Operations at U of T; and Director of the Rotman Commerce, a role that reports to the Deans of both Rotman and the Faculty of Arts and Science. He has been a visiting professor at UCLA and INSEAD and a visiting scholar at UC-Berkeley and IESE. Before joining the Rotman School in 2003, he was an Assistant Professor and then Associate Professor in the Competition and Strategy area at Harvard Business School. He received his PhD in Economics from Princeton University in 1994.

    Professor Corts is a microeconomist with research and teaching interests in industrial organization, competition policy, organizational economics, and energy policy; he has published his research in leading academic journals such as the Rand Journal of Economics, the Journal of Law, Economics, and Organization, the Journal of Industrial Economics, and the Journal of Law and Economics. Professor Corts has also published a number of Harvard Business School case studies that are used at top business schools throughout the world, served as Editor at the Journal of Industrial Economics from 2005-2010, and won grants and fellowships from the National Science Foundation, the Alfred P. Sloan Foundation, and the Social Sciences and Humanities Research Council of Canada. In addition to his academic contributions, Professor Corts has provided expert testimony in competition policy cases before the Competition Tribunal and the Ontario Superior Court, co-authored a policy analysis paper for the UK Office of Fair Trading, and consulted on antitrust matters in the U.S.

    Kenneth Corts

    Rotman School of Management

  • Jeroen F. J. de Munnik portrait

    Jeroen F. J. de Munnik

    PGGM

    Netherlands

    Jeroen de Munnik joined PGGM as Chief of Institutional Business in 2013 and is a member of PGGM’s Executive Committee. He is responsible for managing clients. In addition, he is responsible for advice with respect to investment management and with respect to pensions.

    Prior to PGGM, Dr. de Munnik spent almost 20 years at Aegon (1993 to 2012) where he held various positions in asset management and operations. He ultimately became responsible for Aegon’s entire pension business.

    Dr. de Munnik spoke at ICPM’s Toronto Discussion Forum in June 2018. He is a member of the Supervisory Council and Chair of the Audit Committee at Isala Clinics in Zwolle, the Netherlands.

    He holds a PhD in Econometrics from Erasmus University, Rotterdam.

    Jeroen F. J. de Munnik

    PGGM

  • Poul Winslow portrait

    Poul Winslow

    Independent

    Canada

    Poul has more than 3 decades of global experience within multi-asset class and alternative investments. Poul retired from CPP Investments in May 2022 as Senior MD and Global Head of Capital Markets & Factor Investing; he worked at CPP Investments since 2009 as Managing Director and Head of Thematic Investing and Managing Director and Head of External Portfolio Management. Before CPP Investments, he was Chief Investment Officer of Swedish AP2/Andra AP-fonden and also held several senior leadership roles at Nordea Investment Management in Denmark, Sweden and the US. Poul also served as a Trustee of the Standards Board for Alternative Investments (SBAI/HFSB).

    Poul Winslow

    Independent

  • Thomas Lee portrait

    Thomas Lee

    New York State Teachers’ Retirement Fund (NYSTRS)

    United States

    Thomas K. Lee is currently responsible for the investment of plan assets totaling $132B.
    Reporting to a 10-member Board of Trustees, he oversees the work of NYSTRS’ investment staff
    in managing the internally-managed investment portfolios, developing and performing due
    diligence on potential external private and public investment opportunities, and monitoring and
    reporting on the activities and performance of third-party investment managers in which the
    System has invested. In his capacity as executive director of the Retirement System, Tom
    oversees the administration of retirement benefits to more than 442,000 active members,
    retirees and beneficiaries. He is also responsible for overseeing members’ service credit and
    salary information as reported to the System by it 822 participating employers.
     
    As of June 30, 2022, NYSTRS paid approximately $8.0 billion in annual benefit payments, over
    80% of which was distributed to New York residents. The Retirement System is among the best-
    funded public pension plans in the nation. Based on the market value of assets, our funded
    ratio at June 30, 2022 was 97%. Using the actuarial value of assets, the funded ratio was 99%.
     
    Prior to NYSTRS, Tom was Executive Director of Maryland State Retirement and Pension
    System. He has various professional affiliations, such as serving as a member of the Investment
    Committee of the Institute of Electrical and Electronics Engineers (IEEE), the Board of the
    National Council of Real Estate Investment Fiduciaries (NCREIF), the Board of the PREA
    Foundation, the Board of the International Centre for Pension Management, and the Council of
    Institutional Investors’ U.S. Asset Owners Advisory Council.
    Mr. Lee has a BA in Political Science and Sociology from Dickinson College, a MA in Political
    Science from Temple University, and a MBA from George Washington University.

    Thomas Lee

    New York State Teachers’ Retirement Fund (NYSTRS)

  • Praneel Lachman portrait

    Praneel Lachman

    FirstRand Retirement Fund

    South Africa

    Praneel Lachman is currently the Board Deputy Chair at FirstRand Retirement Fund and chair of the Funds Investment Committee. He has held various roles at FirstRand Limited such as in areas of strategic operations, portfolio management, Chief Risk Officer for group ALM risks, acting group Chief Audit Executive and now Head of Balance Sheet Management. He has contributed to the effective corporate governance across the group including prior responsibility for the group’s Asset, Liability and Capital Committee, the centre’s Audit, Risk and Compliance Committee and custodian of the group’s ALM relationship with regulators. Praneel is also a trustee of the FNB Umbrella Retirement Fund that was launched to help its small-to-medium and commercial enterprises clients provide a simple and cost effective retirement savings product to their staff. He is also a member of the Thinking Ahead Institute, which is a global think tank aimed at mobilizing capital for a sustainable future

    Praneel Lachman

    FirstRand Retirement Fund

  • Edwin Denson portrait

    Edwin Denson

    State of Wisconsin Investment Board

    United States

    Edwin joined SWIB in 2018 as managing director, asset and risk allocation. He was appointed executive director/chief investment officer in April 2021. Before joining SWIB, Edwin was managing director, strategic tilting, at Canada Pension Plan Investment Board (CPPIB). Prior to joining CPPIB in 2013, Edwin spent 13 years in asset allocation, currency, and risk management as a portfolio manager at William Blair & Company, managing member at Singer Partners LLC, and managing director and head of asset allocation at UBS Global Asset Management. Earlier in his career, Edwin was an economist at Lehman Brothers, Primark Decision Economics, and Putnam Investments, and he also briefly managed a commodity trading adviser and a quantitative equity strategy. Edwin holds a bachelor’s degree in economics from Cornell University and a PhD in economics from Northwestern University.

    Edwin Denson

    State of Wisconsin Investment Board

  • Tim Mitchell portrait

    Tim Mitchell

    Annuitas Management Limited

    New Zealand

    Tim Mitchell is the new Chief Executive of Annuitas Management Limited in New Zealand, which is responsible for providing executive functions to the Government Superannuation Fund Authority and the Board of Trustees of the National Provident Fund. Both are closed defined benefit pension schemes.
    Prior to this, he was WTW’s (formerly Willis Towers Watson) Global Head of Governance Consulting and Head of Investment Organisational Effectiveness, as well as consulted a variety of Crown entities.
    Tim Mitchell is a familiar face at ICPM events from his nearly 14 years at New Zealand Superannuation Fund as General Manager Corporate Strategy and General Manager Public Markets. He was also CIO of Colonial First State Investment Management NZ.

    Tim Mitchell

    Annuitas Management Limited

Management Team

  • Sebastien Betermier portrait

    Sebastien Betermier

    Executive Director

    Sebastien Betermier is ICPM’s Executive Director and is responsible for implementing ICPM’s mission and overseeing the Centre’s multiple functions.

    Betermier is also an Associate Professor of Finance at the Desautels Faculty of Management at McGill University, and a member of the Research Policy Network on Household Finance at the Center for Economic Policy Research (CEPR). His research focuses on the relationship between risk and return, asset allocation, sustainable finance, and the design of sustainable pension systems. He teaches courses on applied investments and pension funds and retirement systems at both the undergraduate and graduate levels. Betermier founded and currently directs the McGill International Portfolio Challenge, the world’s largest buy-side competition focused on sustainability challenges for pension funds and other institutional investors. He also founded and serves as Advisory Board member of the Sustainable Growth Initiative at McGill. Professor Betermier holds a PhD in Finance from the Haas School of Business at the University of California, Berkeley. He was Head of the Finance Area at the Desautels Faculty of Management from 2020-2022 and an Academic Advisor at the Bank of Canada from 2018-2022.

    Betermier’s work appears in top finance journals, and it has featured in the Wall Street Journal, Financial Times, and Bloomberg, among others. In 2017, he was named one of the World’s Best 40 under 40 Business School Professors by Poets and Quants.

    Sebastien Betermier

    Executive Director

  • Mike Simutin portrait

    Mike Simutin

    Associate Director – Research

    Mike Simutin is ICPM’s Associate Director – Research and is the content lead for research activities.

    Mike is also an Associate Professor of finance at the Rotman School of Management. His research focuses on studying institutional money management and understanding risks that affect asset prices. Mike’s research has been published in leading finance journals, including the Journal of Finance, the Review of Financial Studies, and the Journal of Financial Economics. He has received multiple research awards, including the Best Paper Award by the Review of Asset Pricing Studies and the Governor’s Award from the Bank of Canada. Mike has also received multiple teaching accolades, including being named one of the 40-Under-40 Most Outstanding Business School Professors and being voted instructor of the year by the MBA students. His research has been presented at numerous academic conferences and practitioner events.

    Mike Simutin

    Associate Director – Research

  • Jamie MacLean portrait

    Jamie MacLean

    Head of Member Engagement and Communications

    Email: communications@icpmnetwork.com

    Jamie has been with ICPM since 2017, overseeing communications and member engagement initiatives that strengthen the relationships between pension funds in the network.

    Jamie has worked in public relations for more than ten years, with a background in journalism and business development. Her experience spans Canada and the UK, and includes securing national coverage for brands, launching a PR platform to promote artists and designers, organizing interactive events, and implementing digital marketing strategies.

    Jamie MacLean

    Head of Member Engagement and Communications

  • Nour Daoud portrait

    Nour Daoud

    Manager of Business and Events

    Nour Daoud has been involved in numerous aspects of corporate and private events over the past seven years. A social worker by training, she has planned and delivered events in the private, corporate, and educational sectors. Nour completed her undergraduate degree at McGill University and received her graduate degree from the University of Toronto. She is passionate about working towards humanizing business and strives to incorporate best practices that acknowledge the social, economic, and environmental consequences of our work. Nour is thrilled to be part of a great network at ICPM. 

    contact: events@icpmnetwork.com

    Nour Daoud

    Manager of Business and Events

  • Jimena Romero portrait

    Jimena Romero

    Administrative Assistant

    Jimena is an experienced administrative assistant with seven years of experience. She has organized seminars, conferences and congresses for some of the most esteemed Economics professors in the world. Jimena has a degree in Hospitality Management and an Event Planning major from Universidad Panamericana in Mexico. She always finds practical and effective solutions to everyday problems. 

    contact: icpm@icpmnetwork.com

    Jimena Romero

    Administrative Assistant

ICPM Honourees

These exceptional individuals have been instrumental in shaping ICPM into the effective organization it is today. We recognize their dedication and impact with sincere appreciation.

  • Keith Ambachtsheer portrait

    Keith Ambachtsheer

    Founding Executive Director Emeritus

    Keith Ambachtsheer is Founding Executive Director Emeritus of the International Centre for Pension Management (ICPM). He was founding Director of ICPM 2005-2014, and Editor of the Rotman International Journal of Pension Management 2008-2014. He became founding Academic Director of the ICPM Board Effectiveness Program for board members of pension organizations in 2011.

    He is a member of the Scholars Council of Georgetown University’s Center for Retirement Initiatives. Through his firm KPA Advisory Services, he has advised pension and investment organizations, as well as governments and its agencies, on the design, governance, and investment policies of retirement income systems since 1985. He co-founded CEM Benchmarking in 1991. CEM benchmarks the organizational performance of over 400 pension organizations worldwide.

    Keith has authored three books on pension management and is currently working on his fourth. He has been the recipient of awards around the world for his work in the pensions, governance, and investments field.

    Keith Ambachtsheer

    Founding Executive Director Emeritus

  • Brendan Calder portrait

    Brendan Calder

    Founding Chair

    Brendan Calder is a Professor and the Entrepreneur in Residence and Chair of Desautels Centre for Integrative Thinking at Rotman where he conducts the award-winning course, GettingItDone®. He was the Founding Chair of the International Centre for Pension Management. He also serves as the Director of EllisDon Construction, Equity Financial Trust Co. and FirstService Corp. Brendan served as the Chair, President and CEO of CIBC Mortgages from 1995 to 2000. He also served as Chair of TIFF and of the Peter F. Drucker Canadian Foundation.

    Brendan Calder

    Founding Chair

  • Donald M. Raymond portrait

    Donald M. Raymond

    Chair Emeritus

    Don is an Adjunct Professor of Finance and Chair Emeritus of the International Centre for Pension Management at Rotman. He is currently Chief Investment Strategist at QIA, the Sovereign Wealth Fund of the State of Qatar. Prior to that, he served on the founding senior management team of Canada Pension Plan Investments, as its first head of Public Market Investments and subsequently as its first Chief Investment Strategist. Prior to joining CPP Investments, Don worked for Goldman Sachs in New York and Schlumberger in China. He has also served as Chair of the Board of Trustees and Chair of the Investment Committee of Queen’s University and on the Board of Directors and Chair of the Investment Committee of Great-West LifeCo. He holds a PhD in engineering from Queen’s University, specializing in nonlinear systems.

    Donald M. Raymond

    Chair Emeritus

  • Barbara Zvan portrait

    Barbara Zvan

    Chair Emeritus

    Barbara Zvan is UPP’s inaugural President and Chief Executive Officer and is responsible for leading UPP’s plan’s administration and the investment of its assets, working with the Board of Trustees to meet the plan’s goals to deliver a secure, stable retirement income to our members. Barb is known for her efforts to bring institutional strength to complex challenges and forge new collaborative pathways for innovation and growth.

    Formerly the Chief Risk and Strategy Officer for the Ontario Teachers’ Pension Plan, Barb is recognized as a leading voice on sustainable investing and an ambassador for defined benefit pensions,  Barb serves on the boards of various global institutions and associations focused on pension management, risk and responsible investing, including the Global Risk Institute, Responsible Investment Association and the advisory board of the Institute of Sustainable Finance at the Smith School of Business. She was appointed to the Government of Canada’s Expert Panel on Sustainable Finance, is a member of the Advisory Committee for the new ‘Investing to Address Climate Change’ Charter, is an inaugural member of the Sustainable Finance Action Council. Barb played a significant role in creating the G7 Investor Leadership Network. 

    She holds a Master Degree in Math and Statistics from the University of Waterloo and a Bachelor of Science from McMaster University. She is a fellow of the C.D. Howe Institute, a member of the Institute of Corporate Directors, a Fellow of Canadian Institute of Actuaries (FCIA) and a Fellow of Society of Actuaries (FSA).

    Barb is a former Board Chair of ICPM.

    Barbara Zvan

    Chair Emeritus

  • Sudhir Rajkumar portrait

    Sudhir Rajkumar

    Chair Emeritus

    Sudhir Rajkumar was elected Chair Emeritus of the International Centre for Pension Management (ICPM) in December 2023 on the conclusion of his term as Board Chair. Mr. Rajkumar’s association with ICPM began in 2009, he was elected to the ICPM board in 2012, and served as Vice-Chair for five years before being elected Chair in 2020.

    During a 30+ year career in global investments, Mr. Rajkumar has led global investment organizations; advised long-term investment institutions on building global investment operations; formulated and implemented investment policies; managed hands-on investments in global bond markets, private equity, and project finance; and led corporate finance and privatization advisory engagements. 

    Most recently, Mr. Rajkumar served as CEO of the UN’s New York-based Office of Investment Management, responsible for the investment of a US$70+ billion global investment portfolio of the UN pension fund – 85% of which is actively managed in-house – invested in over 100 countries and 27 currencies, across the entire spectrum of public and private market asset classes. Prior to that, he served with the World Bank Treasury and International Finance Corporation in Washington, DC in various investment roles, including as a senior advisor to several large pension funds and other long-term investment institutions seeking to build global investment capabilities.

    Mr. Rajkumar holds an MBA from University of Chicago, a M.Sc. in Economics from the London School of Economics, a B.Sc. in Engineering from the University of Delhi, and a CFA charter. He serves on the Advisory Investment Committees of the World Health Organization (WHO) and the Food and Agriculture Organization (FAO). He has previously served on the Investment Committees of the World Food Programme and of UNOPS. Mr. Rajkumar is co-editor and an author of the book Governance and Investment of Public Pension Assets: Practitioners’ Perspectives published by the World Bank.

    Sudhir Rajkumar

    Chair Emeritus

  • Rob Bauer portrait

    Rob Bauer

    Executive Director Emeritus

    Rob Bauer served as ICPM’s Executive Director from 2014-2022. In 2023, he was ICPM’s Associate Director – Education and managed the Centre’s education programs for pension fund board members, trustees, and C-suite executives.

    Rob is also Professor of Finance (chair: Institutional Investments) at Maastricht University, School of Business and Economics in the Netherlands. In addition, Rob is managing director of an investment consulting firm in which he advises pension funds and institutional asset managers on pension and investments related subjects. His present academic research focus is on pension funds, mutual funds, behavioral finance, socially responsible investments (SRI) and corporate governance.

    His academic work has been published in various professional and academic (international) research journals. He is also the director of the Netspar-UM SBE Academy, director of the European Centre for Sustainable Finance (ECCE) at Maastricht University, and a senior researcher of Netspar. Moreover, he teaches at various executive courses.

    Rob Bauer

    Executive Director Emeritus