The Deposit and Loan Balancing Act - Interest rate risk, liquidity, modelling and COVID-19 (Sept. 29, 2020)
Description: This session brings together two experts to discuss their approach to treasury management in the Canadian banking industry, and further explores the challenges of managing the balance sheet through some unprecedented times, particularly the 2007-2008 credit crisis and now COVID-19.
Founder of Treasury & Balance Sheet Management Inc.
Born in Etobicoke, Ontario and graduated from University of Alberta with a BSc. (Mathematics) in 1985 and from McMaster University with an MBA in 1987.
Doug’s finance career started out programming option arbitrage models as an independent contractor for two Toronto merchant banks. Doug then joined Yield Management Group in 1989 as a financial analyst and was soon promoted to portfolio manager.
In 2002, Doug left YMG with three others to form the investment counseling firm The Asset/Liability Management Group and grew the business to have over $2.5 billion of assets under management while also running a successful consulting practice.
Doug and another partner left A/LMG to join their client Canada Trust to run their Treasury. Doug joined Canada Trust as Assistant Treasurer and was promoted to Treasurer within two years. Upon the acquisition of Canada Trust by TD Bank, Doug became part of the senior executive of TD’s Treasury with primary responsibilities for the Treasury middle office and risk measurement/management.
Upon the acquisition of Canada Trust by TD Bank, Doug became part of the senior executive of TD’s Treasury with primary responsibilities for the Treasury middle office and risk measurement/management. While at TD Bank, Doug was brought in by CMHC as a key architect in the design and creation of Canada Housing Trust and the Canada Mortgage Bond program.
Doug left TD in 2002 to return home to Edmonton to begin raising a family. TBSM was formed when multiple old clients / contacts reached out to Doug for assistance in the management of their Treasury operations. Joel Nattrass joined TBSM in 2010 to retool the software platform (Doug is now a fossil in software terms!). Doug and Joel have continued to grow TBSM to its current state of 14 clients (9 OSFI regulated banks, 1 credit union, 1 large provincially regulated FI, 2 leasing companies and 1 large private lender). The nine professionals at TBSM are split between client management/financial analysis and software development.
Doug is married and has three daughters (one in university and two in high school) and mostly enjoys family time.
President, General Bank of Canada
Gord was born in Winnipeg, and graduated from Red River College, Business Administration in 1977.
In 1977 Gord moved to Edmonton to start a career in financial services with Guaranty Trust, specializing in in heavy equipment financing, auto finance, and real estate lending.
In 1988 Gord moved to ATB Financial as an Account Manager, where his first account was a major automotive group. During his time with ATB, Gord assumed increasing responsibilities including Branch Manager, General Manager Small Business, Vice President Credit, and finally Sr. Vice President Personal and Business Banking, responsible for all Branch, mobile and electronic sales channels.
In 2005, that first ATB account founded General Bank of Canada. Gord joined GBC at its inception as employee #3, and has since overseen all aspects of sales distribution, risk management, deposit gathering, technology partners, administration, customer service, and expansion into commercial lending in 2015. As retirement approaches, Gord is more focused than ever on ensuring that the bank has a solid foundation in risk, compliance, and treasury management, to support GBC’s Vision of “Building a Bank that can stand for Generations”.
Gord is an active supporter of the United Way, having been Executive Sponsor while at ATB, and a founding member of the Edmonton Major Gifts Committee in 2007. More recently, GBC won the 2015 Small Business Award of Distinction for its employee campaign.
Gord is an avid cyclist and recreational golfer, loves to travel (When not restricted by Covid) and spend time with his family.
Canadian Deposits and Wealth Management in the Time of COVID-19 (July 21, 2020)
Description: This session explores how the pandemic crisis has influenced investor and advisor preferences for different investment products, how money has been allocated and reallocated across risk profiles and what deposit-takers and wealth managers could expect in the near future and in the longer term.
As the Senior Managing Director at Investor Economics, an ISS MI Business, a premier Toronto consulting firm specializing in the financial services industry, Carlos Cardone leads a team of 14 professionals heavily immersed in the research of investment funds globally, deposit products and Canada’s wealth market. He is one of the key contributors to the Household Balance Sheet Report, a research service that tracks (and forecasts) the financial holdings of Canadian households.
With his team, Mr. Cardone is responsible for the Insight Report, which focuses on investment funds; SIMFUND Canada, a web-based decision-making tool for mutual fund companies; the ETF and Index Fund Report and the Deposit and Fixed Income Advisory Service among other research services. Mr. Cardone also leads Investor Economic’s global research service, which tracks developments in the investment funds industry, distribution and regulation in Europe and Asia.
Mr. Cardone joined Investor Economics in 2004. Trained as a market analyst, he has several years’ experience in the automotive industry in South America. He graduated from the Social Sciences School, University of Buenos Aires, in Argentina. He is a native Spanish speaker, and as you might anticipate, a soccer fan.