Leo de Bever, AIMCo.; Ron Mock, OTPP
Value-Creation in 21st Century Businesses: The Long-Term Investor's Perspective
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We were pleased to host an essential, off-the-record conversation with two of Canada's most important "Maple Revolutionaries". Canadian pension fund managers are known globally for smart investment decisions that underpin some of the best-funded public pension plans. Our experts discussed how they assess the capacity of 21st century businesses to create value.
Leo de Bever was hired as Alberta Investment Management Corporation’s first CEO, when it was created in 2008. Since that time, AIMCo has delivered on its objective of creating superior return on risk for its clients.
Leo began his 39-year career at the Bank of Canada in Ottawa. Over the years, he has held leadership positions with eight institutions in Canada, the United States, Japan and Australia, focusing on economic and asset management strategy.
Over nearly a decade at Ontario Teachers’ Pension Plan, he pioneered the use of quantitative risk management, and introduced investing in infrastructure, timberland, commodities and private real return bonds.
Leo grew up in the Netherlands. He received a B.A. in economics from the University of Oregon, and a Ph.D. in economics from the University of Wisconsin.
Leo is a member of the Investment Advisory Committee of Dutch pension fund ABP.
Ron Mock joined Teachers' in 2001 and has more than 25 years of international experience in investments and finance. Most recently, as Senior Vice-President, Fixed Income and Alternative Investments, he was responsible for $60 billion of Teachers' assets including the policy mix in fixed income, credit investing, hedge fund activities and fixed income investments in emerging markets.
Until his appointment as President and CEO, Mr. Mock was a board member of The Cadillac Fairview Corporation Limited, the pension plan's commercial real estate subsidiary. He was also a member of Cadillac Fairview's Audit Committee and chair of its Human Resources Committee. Mr. Mock is a former board member of Maple Financial Group and Cordiant Capital.
Early in his career, Mr. Mock, an electrical engineer, held various positions at Ontario Hydro in field work, design, construction and research, including responsibility for nuclear safety and licensing at the Pickering and Bruce nuclear generating stations.
Mr. Mock then joined the investment dealer Burns Fry (now BMO Nesbitt Burns) where he directed sales and trading staff in derivatives products and held the firm's membership seat on the Chicago Board of Trade and other exchanges. He was a board member of the Montreal Exchange in the early 1990s.
As founder and CEO of Phoenix Research and Trading, Mr. Mock was responsible for all aspects of the asset management firm including investment and trading strategies, client relationships, risk and compliance.
Mr. Mock earned a B.A.Sc. in Electrical Engineering from the University of Toronto and an MBA from York University.
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