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DRAFT—September 2011 Issue
1
M arch 2012
President’s Report
As I set the clocks
ahead an hour
today, I realized
with a bit of a
shock that spring
is just around that corner and we`re
heading into longer days and warmer
weather. We`re also headed into the
last few months before we wind down
our activities for the year. We still
have a number of great Chapter
events before then, as you’ll read
about later, including our 60th
Anniversary celebration on May 31st
and Finance Minister Kevin Falcon on
June 7. There are also two major
events from our National office being
held before the end of June; the 2012
Private Equity Symposium and the
Annual Conference.
The
2012
Private
Equity
Symposium will be held on Tuesday,
April 12, 2012 in Toronto, with live
broadcasts in Vancouver, Calgary,
Edmonton, Ottawa, Montreal and
Halifax. The event is a collaborative
effort between FEI Canada, the
Canadian Institute of Chartered
Business Valuators, the Toronto CFA
Society and Canada’s Venture Capital
& Private Equity Association. This
year’s theme is “Opportunities &
Challenges in Turbulent Times” and
includes three panel sessions followed
by a keynote address by David M.
Rubenstien, Co-Founder and
Managing Director, The Carlyle
Group. Panel sessions will address
the following topics:
Where and how are Leading
Canadian Pension Plans investing
in Private Equity?;
What's in Store for the Canadian
Private Equity Industry - Trends,
Challenges and Opportunities; and
The Rise of the Activist Investor.
Panelists for the sessions include
members of Ontario Teachers’
Pension Plan, OMERS, CPP
Investment Board, Brookfield Asset
Management, Canadian Tire and
others. (next page)
March 2012 President’s Report
DRAFT—September 2011 Issue
2
Page 2
(continued from previous page)
The live broadcast for Vancouver is being held at McCarthy Tétrault’s office in Pacific Centre starting at 9:30am on April 10
th.
More details can be found on the Events page of the FEI Canada webpage (http://www.feicanada.org/events.php?eid=1317).
The culmi-nating event for the year will be the 2012 FEI Canada Na-tional Con-ference,
“Rock Solid Success”, being held in St. John’s, Newfoundland from June 6 – 8, 2012. With a wide variety of engaging and exhilarating speakers, the St. John’s Con-ference was designed to offer valuable education & networking opportunities for everyone, set in the small town warmth and charm of the oldest city in Canada. Notable keynote speakers include: Chief Phil Fontaine, CEO, Inhkonigan
Consulting and former National Chief of the Assembly of First Nations;
General Rick Hillier, former Chief of the Defence Staff of the Canadian Forces;
Tom Jenkins, Executive Chairman & Chief Strategy Officer, Opentext;
Robert P. Kelly, former Chairman & CEO, BNY Mellon and currently Chan-cellor, St. Mary's University; and
Mandy Shapansky, CEO of Xerox Canada.
The Conference qualifies for up to 12 CPD credits to fulfill your annual professional development training requirements. In addition to outstanding educational con-tent, the conference will also offers: Golfing at the beautiful Clovelly golf
course, The Osprey; A gala event that will allow you to dis-
cover the best of St. John’s with a warm welcome second to none; and
And a multitude of other recreational & networking events, with ‘down home hospitality’ and breathtaking scenery.
Conference registration is now open and more information is available on FEI Cana-da`s website http://www.feicanada.org/page/events/conference-2012, including a downloadable colour brochure. I`m hoping to make it out to St. John`s this year, and look forward to seeing you there.
Brad Bardua
President’s Report Continued
DRAFT—September 2011 Issue
3
Recently… Alan Ahlgren, CA – is now the CFO
for AQM Copper Inc., which is a jun-ior mining company with properties in Peru. Alan was previously with Xstrata Coal and with First Coal Corporation.
Stewart Woo, CA , MBA – is now
Senior Vice-President, Corporate Risk at Northbridge Financial Corporation. He was previously the CFO for Commonwealth Insurance and the Vice President - Chief Operating Officer, Finance at HSBC Bank Canada.
Sarah MacKinnon, CA – is now the
CFO for Delta-Q Technologies, which supplies vehicle manufactur-ers with power conversion & power management products for battery based electric drive systems. Sarah was previously with CFO for Welco Lumber and with Xantrex Technolo-gies.
Danley Yip
Members in the News
DRAFT—September 2011 Issue
4
Vancouver in 1952 As FEI Canada Vancouver Chapter pre-pares to celebrate its 60
th anniversary, it
seems appropriate to look back to life in Vancouver in the early 1950’s. The CGAs, had just been incorporated
in BC (1951) joining the CAs (1905) and the CMAs—RIAs in those days—(1945).
Lots in British Properties sold for be-
tween $2,000 and $5,000. We had a new Queen and a new
Premier—WAC “Wacky” Bennett. Louis Armstrong and his All-Stars
played at the Exhibition Garden. BC’s population was 1,165,200 accord-
ing to the 1951 census. By 2011, it had grown to 4,573,321.
In 1954, the BC Lions were admitted to
the Western Interprovincial Football Union, which soon became the West-ern Division of the Canadian Football League. The Vancouver Canucks had been around since 1945 (in the Pacific Coast Hockey League), and didn’t join the National Hockey League until it ex-panded in 1970.
Canadian forces were fighting in
Korea. Alcan built the Kenney Dam on the
Nechako River to provide hydro power to its smelter in Kitimat.
The “Drunkometer” was demonstrated
at the Hotel Vancouver. Park Royal Shopping Centre was Can-
ada’s first mall. It opened in 1950. Trans Mountain was incorporated in
1951 to build a pipeline from Edmonton to Burnaby.
I was 10 years old and still living in
England. Information courtesy of The Chuck Davis History of Metropolitan Vancouver and various websites. If you have any memories to share, please contact me, Hugh Lindsay 604-732-0366, [email protected]
Hugh Lindsay
FEI History: Vancouver in 1952
DRAFT—September 2011 Issue
5
On February 22nd, FEI Canada was pleased to present “Credit Availability Ba-rometer” by our national sponsor, Ernst and Young. As part of the National Break-fast Seminar series, the results of an an-nual survey of financial executives were presented with a focus on the European Debt Crisis’ effect on Canadian markets, how the perspectives of lenders has changed and what has been learnt about risk and market volatility. Our National President, Michael Conway, was in at-tendance as Master of Ceremonies.
Pictured Above Past President Lisa Dorian
Shortly following on February 28th, the Vancouver Chapter was pleased to
host one of our own members and Past-President, Lisa Dorian. Lisa is President of PowellDorian Services Inc. and Vice President of MDA Training North Ameri-ca. Speaking on risk, Lisa also spoke about the World Economic Forum’s Global Risks 2011 Sixth Edition. Interestingly, Lisa spoke about how risks are inter-connected. Lisa also spoke at length about how decision makers often focus on the most recent risk event and how that is not really risk management. As one mem-ber said “This seminar spoke to the risks that I had to consider and report to the Board on a regular basis.” For those inter-ested in further reading:
continued on next page)
Recent Events: February & March
Interactive Website: http://www.weforum.org/
globalrisks2011 Reading: “A Hidden Fiscal Crisis?”,
Finance and Development (Kotlikoff, September 2010)
Learning from Catastrophes (Kunreuther and Useem, 2010)
The Future of the Global Financial System: A Near-Term
DRAFT—September 2011 Issue
6
( continued from previous page)
Finally, on March 8th, we were again honored to listen to one of our own members, even if he is an immigrant from the Toronto Chap-ter. Tom Gunn is one of the founders of the CFO of t he Year award and was there-fore uniquely qualified to talk about what makes a great CFO and the downsides with playing in the “NHL of Finan-cial Executives”. Tom’s main conclusions, which he spoke to extensively, included:
Picture Above: Tom Gunn
The great CFOs are also great general managers. Great CFOs are great tightrope walkers. Promotable CFOs have more than financial skills. Nothing is worse than great ideas carried to extremes.
For upcoming events , please see the schedule on the next page.
Jeff Shickele
Recent Events: February & March
DRAFT—September 2011 Issue
7
Jeff Shickele
Upcoming Events
Date Time Detail Location
Thursday March 29th,
2012
Registration & Networking:
7:30 Presentation:
8:00
Disaster Planning Chapter Sponsor : Aon
Sutton Place Hotel
Thursday April 19th,
2012
Registration & Networking:
7:30 Presentation:
8:00
2012 Currency Out-look: Change the Way
you see the Global Economy
Chapter Sponsor, Western Union
TBA
Thursday May 10th,
2012
Registration & Networking:
6:00pm Dinner & Presentation: 6:30pm
Chapter Sponsor: Ryan Tax Service
TBA
Thursday May 31, 2012
5:30 pm—8:00pm
CIA Vancouver Control 60th Anniversary (FEI
Canada Vancouver Chapter)
Terminal City Club
837 West Hastings
Street
Thursday, June 7 2012
Registration & Networking: 11:30
Lunch: 12:00
Kevin Falcon, Minister of Finance
TBA
DRAFT—September 2011 Issue
8
Aon Reed Stenhouse
Chapter Supporters
Should you be interested in sponsorship or have a recommendation for us to
follow up on, please contact Fabiana Chubbs by e-mail at: [email protected] or by telephone: 604-601-6654
FEI Vancouver Salutes our Sponsors and Supporters
DRAFT—September 2011 Issue
9
November 2011
2011-2012 Chapter Board of
Directors
Brad Bardua Chief Financial Officer, Avigilon Corporation 4th Floor, 858 Beatty Street Vancouver, BC V6B 1C1 Canada
T: 604-629-5182 ext 2188 F: E: [email protected]
President
Angela Yap CFO, Quorum Management and Adminis-trative Services In. CFO of Cream Minerals Limited
T: 604-646-5892 F: E: [email protected]
Vice President
Issa Nakhleh CFO, Heartforce Medical Inc. Suite 305 - 1818 Cornwall Avenue, Vancouver, V6J 1C7
T: 604-566-8206 F: E: [email protected]
Secretary
Alan Wong Chartered Accountant 2885 W 32nd Ave, Vancouver V6L 2B5
T: 778-772-6511 F:
Treasurer
Brad Cruickshank Chief Financial Officer, Dueck GM 400 SE Marine Drive, Vancouver, BC V5X4X2
T: 604-326-7225 F: 604-324-4414 E: [email protected]
Past President
Hugh Lindsay President, FMG Financial Mentors Group Inc. 2831 W 19th Avenue, Vancouver V6L 1E4
T: 604-732-0366 F: E: [email protected]
FEIsters Chair
Danley Yip Division Director Robert Half Management Resources 724 – 1055 Dunsmuir St, Vancouver V7X 1L4
T: 604-688-6393 F: 604-687-7533 E: [email protected]
Membership Committee Chair
Robert Hibberd President AIS Advanced Inventory Services Ltd. 303 - 1450 Burnaby Street, Vancouver V6G 1W7
T: 604-602-9383 F: 800-215-6645 E: [email protected]
Membership Committee Director
Fabiana Chubbs CFO, Eldorado Gold Corporation 1188 - 550 Burrard Street, Vancouver V6C 2B5
T: 604-601-6654 F: E: [email protected]
Sponsorship Committee Chair
Roger Bissoondatt Chief Financial Officer BC Liquor Distribution Branch 2625 Rupert St, Vancouver V5M 3T5
T: 604-252-3151 F: E: [email protected]
Sponsorship Committee Director
Jeff Shickele Vice President Accounting Amacon Group 300 – 911 Homer St, Vancouver, BC V6B 2W6
T: 604-602-7735 F: E: [email protected]
Events Committee Chair
Marco Faccone T: F: E:
Events Committee Director
Doug King Chief Financial Officer Fenix Energy #1290 - 1500 West Georgia, Vancouver, BC V6G 2Z6
T: 604-684-7241 ext 321 F: 604-684-7264
Events Committee Director
Doug Morison Principal, The CFO Centre 1055 West Hastings Street, Vancouver BC
T: 778-378-0437 F: E: [email protected]
Events Committee Director
Cheryl Yaremko Chief Accounting Officer, British Columbia Hydro & Power Authority 333 Dunsmuir Street, 11th Floor, Vancouver V6B 5R3
T: 604-623-4110 F: E: [email protected]
Events Committee Director
Donna Denham Support Services Unlimited 102 – 211 Columbia Street, Vancouver, BC V6A 2R5
T: 604-681-0295 F: 604-681-4545 E: [email protected]
Chapter Administrator
