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U.S. - ENOur Team
Investment Management
Our analysts are typically recruited straight from university after they have completed their graduate studies. They are more readily available at this stage than after having begun a career. We are able to hire the best and brightest. We can train them, evaluate their judgment and measure their interest and ability to become good investment managers. Accordingly, the assets are managed by a team of professionals specialized by industry, who have learned their field of study in various parts of the world and have extensive knowledge of the sectors and economic regions they evaluate.
The investment committee is composed of all the Investment Analysts and Portfolio Managers and meets once a week to review the work that has been completed on certain investments and to discuss the results of various analyses, including macro-economic data. Their discussions focus on determining additions to and subtractions from the model portfolio, security weightings, what general direction the economy is headed in, and the general strategies that should be applied in managing the portfolios.
Daniel Brosseau, B. Sc. A. (Eng.), MBA
Peter Letko, B. Comm., CFA®
Rohit Khuller, B.Eng., MBA, CFA®
Vice President - Investment Management
Stéphane Lebrun, B.B.A., M.Sc. Finance, CFA®
Vice President - Investment Management
Terry Howard, MBA, CFA®
Senior Portfolio Manager
Joël Kaczor, M.Sc. Finance, CFA®
Senior Portfolio Manager
Mila Krassiouk, MBA, CFA®
Senior Portfolio Manager
Charmaine Lim Uy, MBA, CFA®
Senior Portfolio Manager
Julie Bouianovskaia, B.Comm., MBA, CFA®
Portfolio Manager
Olivier Brosseau, B.Eng., MBA, CFA®
Portfolio Manager
Allan Cyril, M. Sc., CFA®
Portfolio Manager
Owen Ko, MBA, CFA®
Portfolio Manager
Ivan Kraljevic, CFA®
Portfolio Manager
Alex Letko, MBA, CFA®
Portfolio Manager
Sankalp Sachdeva, MBA, CFA®
Portfolio Manager
Victor Swishchuk, MBA, CFA®
Portfolio Manager
Yongai Xu, M. Sc., CFA®
Portfolio Manager
Paul Younes, MBA, CFA®
Portfolio Manager
Investment Analysts
Mark Chaboryk, BASc, MBA
Investment Analyst
Edward Dashwood, MBA
Investment Analyst
Wesley Scanterbury, M.A. Economics, CFA®
Investment Analyst
Usman Olubajo, MBA, CFA®
Investment Analyst
1 – CFA® – A professional certificate offered through the CFA Institute. The certification qualifies one to be a financial analyst. To qualify for a CFA, one must have worked a certain number of years in the financial industry and must complete three levels of exams on all topics related to investing. CFA charterholders are required to adhere and annually attest to the CFA Institute Code of Ethics and Standards of Professional Conduct.
2 – FSA – Fundamentals of Sustainability Accounting (FSA) Credential awarded by the Sustainability Accounting Standards Board (SASB) demonstrates in-depth knowledge of the integration of sustainability information into investment analysis. To qualify for the FSA Credential, one must complete two exams. Level I focuses on principles and practices and Level II focuses on application and analysis.
3 – CMI® – A professional program offered through the Canadian Securities Institute. To qualify for a CIM® designation, one must have worked two years in the financial industry and must complete a certain number of courses and/or examinations on all topics related to investing. CIM® designation holders must comply with the continuing education requirements of the designation and have agreed to abide by the CIM® Code of Ethics.
4 – CPA – A professional designation offered by CPA Canada. The designation qualifies one to be a chartered professional accountant. To qualify for a CPA designation, one must have completed the CPA Professional Education Program, gained 24 months of practical experience completed on a full-time basis and passed the Common Final Examination. Holder of the CPA designation must comply with the continuing education requirements of the designation and have agreed to abide by the Code of Ethics of Chartered Professional Accountants.
5 – Fellow of the Society of Actuaries – A professional certificate offered through the Society of Actuaries. The certification qualifies one to be an actuarial specialist. To qualify as an FSA, one must have worked in the actuarial sector for a number of years and have successfully completed a series of exams that cover a variety of subjects used in the practice of the profession. The FSA designation holders are required to adhere and certify every other year that they have complied with the Society of Actuaries Code of Ethics and Standards of Professional Conduct and with the requirements of an ongoing education program.
Daniel Brosseau, B. Sc. A. (Eng.), MBA
Mr. Brosseau is a graduate of both the engineering (B.Sc. Industrial Eng.) and business schools (MBA) of the Université de Montreal. He joined the CN Investment Division in 1978 and was involved in virtually all areas of activity of the Division. He reported to the President and, in his last year with the Division, he combined the functions of Manager, Oil and Gas, Manager, Private Placements, and Manager, International Investments. As a senior manager of the Division since 1981, he was actively involved in setting overall investment policy for the CN Pension Fund. From 1981 to 1987, he was particularly active in the oil and gas industry and set up the pension fund’s wholly-owned oil and gas subsidiary. He founded Letko Brosseau with Mr. Letko in 1987.
Peter Letko, B. Comm., CFA®
Mr. Letko is a graduate of McGill University (B.Com.) and also a CFA® charterholder. He joined the CN Investment Division in 1972 and was involved in virtually all areas of the CN Pension Fund’s activities. He reported to the President as Manager, Investments. As a senior member of the Pension Fund’s staff, he had responsibilities in the determination of investment policy for the Fund, as well as specific responsibilities for the management of both private and publicly traded equities. He also represented the Pension Fund as a director on the boards of companies in diverse industries including leasing, real estate, oil and gas, and venture capital. He founded Letko Brosseau with Mr. Brosseau in 1987.
Rohit Khuller, B.Eng., MBA, CFA®
Vice President - Investment Management
Partner
Mr. Khuller is a graduate of McGill University (MBA) and Delhi College of Engineering (B.Eng.), and also a CFA®1 charterholder. Prior to joining the firm in 1998, he worked full-time with Carrier Aircon Ltd. and also gained experience through internships at Suzuki India, Indian Airlines and Bank of America. Mr. Khuller is currently dedicated full-time to the Letko Brosseau Emerging Markets Equity Fund, for which he oversees portfolio construction, risk management and overall strategy.
Stéphane Lebrun, B.B.A., M.Sc. Finance, CFA®
Vice President - Investment Management
Partner
Mr. Lebrun is a graduate of the Université de Sherbrooke (M.Sc., Finance) and is also a CFA® charterholder. Prior to joining the firm in 2000, he worked as an analyst for the Bank of Canada pension fund (1993-1995), for the treasury department of Avenor Inc., now part of Resolute Forest Products Inc. (1995-1998), and as an analyst with UBS Bunting Warburg Inc. in their forest-products research department (1998-2000).
Terry Howard, MBA, CFA®
Senior Portfolio Manager
Partner
Mr. Howard is a graduate of the University of Western Ontario’s Richard Ivey School of Business (MBA). He is also a CFA® charterholder and a holder of the FSA Credential. Prior to joining the firm in 2008, Mr. Howard had a 30-year career through various positions in accounting and finance, working for Dominion Stores and A&P. Following the acquisition of A&P by Metro Inc. in 2005, Mr. Howard was named Vice President, Integration and worked to realize the synergies arising from the combination of the two companies.
Joël Kaczor, M.Sc. Finance, CFA®
Senior Portfolio Manager
Partner
Mr. Kaczor is a graduate of HEC Montréal (M.Sc., Finance) and the Université de Montreal (B.Sc., Economics and Political Science), and is also a CFA® charterholder. Prior to joining the firm in 2010, he was a member of the government and corporate finance team at Casgrain & Company Ltd.
Mila Krassiouk, MBA, CFA®
Senior Portfolio Manager
Partner
Ms. Krassiouk is a graduate of McGill University (MBA, Finance) and Moscow State Mining University (Economics and Engineering, mining industry), and is also a CFA® charterholder. Prior to joining the firm in 2003, she worked as a credit analyst for the financial services arms of AT&T Capital and Fiat.
Charmaine Lim Uy, MBA, CFA®
Senior Portfolio Manager
Partner
Ms. Uy is a graduate of McGill University (MBA, Finance) and De La Salle University in Manila, Philippines (B.Sc., Manufacturing Engineering and Management). She is also a CFA® charterholder and a holder of the FSA Credential. Prior to joining the firm in 2004, Ms. Uy held positions at Panasonic Audio Video (S) Pte Ltd. as a project manager, and as a process and product development engineer in the firm’s research-and-development division.
Julie Bouianovskaia, B.Comm., MBA, CFA®
Portfolio Manager
Partner
Olivier Brosseau, B.Eng., MBA, CFA®
Portfolio Manager
Partner
Mr. Brosseau is a graduate of Sherbrooke University (Bachelor of Engineering, biotechnology), McGill University (MBA, Finance) and is also a CFA®
charterholder. Prior to joining the firm in 2018, he was Senior Associate, Private Equity, at Sectoral Asset Management, where he first started as an intern and then as associate. Previously, Olivier held positions as an intern at Laurentian Bank Securities and production planner at L’Oréal.
Allan Cyril, M. Sc., CFA®
Portfolio Manager
Partner
Mr. Cyril is a graduate of HEC Montréal (M.Sc., Financial Economics) and McGill University (Bachelor of Mechanical Engineering), and is also a CFA® charterholder. Prior to joining the firm in 2014, he worked in the aerospace, distribution and management-consulting industries.
Owen Ko, MBA, CFA®
Portfolio Manager
Ivan Kraljevic, CFA®
Portfolio Manager
Partner
Mr. Kraljevic is a graduate of York University’s Schulich School of Business (MBA) and the University of Toronto (B.Sc., Pharmacy and M.Sc., Pharmacoeconomics), and is also a CFA® charterholder. Prior to joining the firm in 2012, he practiced pharmacy at the Centre for Addiction and Mental Health in Toronto, and was involved in retail pharmacy at both an operational and managerial level. Mr. Kraljevic was director of business development at GMD, a specialty pharmaceutical distributor in Oakville, ON.
Alex Letko, MBA, CFA®
Portfolio Manager
Partner
Mr. Letko, a graduate of Columbia University (Executive MBA), University College Dublin (MA, Economics) and McGill University (BA, Economics), is a CFA® charterholder. Prior to joining the firm in 2018, he worked in equity research at Barclays in New York, where he covered the oil & gas industry from 2015 to 2018. Previously, he was an associate with the economic research team at Evercore ISI in New York (2013–2015).
Sankalp Sachdeva, MBA, CFA®
Portfolio Manager
Partner
Mr. Sachdeva is a graduate of McGill University (MBA, Finance & Strategy), the University of Delhi (Master of Business Economics) and Uttar Pradesh Technical University (Bachelor of Technology, Electronics & Communication). He is also a CFA® charterholder and a holder of the FSA Credential. Prior to joining the firm in 2015, he was an intern at Fiera Capital with the foreign equity team. Previously, he spent more than four years working mostly in banking and financial services in India.
Victor Swishchuk, MBA, CFA®
Portfolio Manager
Partner
Mr. Swishchuk is a graduate of York University’s Schulich School of Business (MBA, Finance and a Graduate Diploma in Financial Engineering), and York University (BBA, minor in Mathematics), and is also a CFA® charterholder. Prior to joining the firm in 2013, he was Vice-President, Interest-Rate Trading with TD Securities. Previously, he completed internships in debt capital markets at RBC Capital Markets and in corporate credit at DBRS.
Yongai Xu, M. Sc., CFA®
Portfolio Manager
Partner
Ms. Xu is a graduate of HEC Montréal (M.Sc. Finance) and Fudan University (Bachelor of International Economics). She is also a CFA® charterholder and a holder of the FSA Credential. Before joining the firm in 2013, she worked for HSBC Bank (China) from 2009 to 2011, focused on retail banking strategy and investment advisory.
Paul Younes, MBA, CFA®
Portfolio Manager
Partner
Mark Chaboryk, BASc, MBA
Investment Analyst
Edward Dashwood, MBA
Investment Analyst
Partner
Mr. Dashwood is a graduate of McGill University (MBA, Finance) and the University of British Columbia (B.Sc., Geology). Prior to joining the firm in 2016, he worked in mining and mineral exploration in British Columbia, the Northwest Territories and the Yukon Territory.
Wesley Scanterbury, M.A. Economics, CFA®
Investment Analyst
Mr. Scanterbury is a graduate of the University of Toronto (MA, Economics) and Queen’s University (BA, Economics and Biology). Prior to joining the firm in 2017, he worked in corporate law as a legal intern at Chown Cairns LLP.
Usman Olubajo, MBA, CFA®
Investment Analyst
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