President and CEO,
Desjardins Group, Governor of Finance Montréal and leader of the Finance and Technology work group
“The many tech firms established in Montréal are a force we need to leverage further to drive the emergence of a dynamic and prosperous FinTech sector in Québec. Finance Montréal’s FinTech...
“The many tech firms established in Montréal are a force we need to leverage further to drive the emergence of a dynamic and prosperous FinTech sector in Québec. Finance Montréal’s FinTech work group helps involve various stakeholders in developmental projects with tangible results for the sector. Both established institutions and start-ups should have a vested interest in fostering a technological shift among financial services, and we believe this to be a key growth vector for Québec’s finance industry.”
Investments in financial technology (FinTech) are booming, and Finance Montréal aims to further confirm the city’s status as a choice hub for this industry. This work group seeks to foster a closer collaboration between stakeholders in the finance and tech sectors to create a unique vector for FinTech development.
Joint venture on shared services
2016 Canada FinTech Forum
Michael Sabia President and CEO, Caisse de dépôt et placement du Québec, Governor of Finance Montréal and leader of the Retirement work group
“Canadian pension funds are renowned worldwide, as they have developed the means to grow the funds they manage by investing in quality, sustainable assets, which are increasingly sought-after...
“Canadian pension funds are renowned worldwide, as they have developed the means to grow the funds they manage by investing in quality, sustainable assets, which are increasingly sought-after in an environment of low interest rates. As a result, managers are looking for expertise enabling them to be more selective and invest in assets that provide pension funds with the returns they need to meet their long-term commitments. In order to grow as a financial hub, Montréal must keep developing such expertise.”
Over the next few years, pension funds’ assets under management should grow considerably. Both Québec and Canada enjoy a level of know-how and sophistication based on decades of experience. In order to leverage this strong position, Finance Montréal seeks to consolidate Québec’s leadership in retirement management.
Pole on Retirement Applied Research launched
Five socio-demographic research projects on retirement completed
President and CEO,
PSP Investments, Governor of Finance Montréal and leader of the Responsible Investment work group
“A few years ago, only a few financial institutions were integrating environmental, social and governance issues into their investment process. This practice has since become the norm...
“A few years ago, only a few financial institutions were integrating environmental, social and governance issues into their investment process. This practice has since become the norm. Indeed, stakeholders’ growing expectations, the alignment of operational efficiency with environmental and social impacts, as well as the development of innovative technologies and business models, foster change and growth within the financial services industry. We believe that Montréal boasts several competitive advantages that enable it to seize these opportunities and build a reputation as a dynamic, world-class hub for responsible investment.”
The Responsible Investment work group’s mission consists in identifying developmental projects to foster responsible investment practices. The group works to optimize the involvement of relevant financial institutions in forward-looking projects, and promote commitment in responsible investment among targeted stakeholders.
Responsible Investment work group created, fall 2016
Head of Human Resources Canada,
“We are thrilled to count on Finance Montréal’s support. They helped us with various facets linked to human resources.”
Finance Montréal stays in constant contact with universities to ensure the implementation of a training framework that adapts to current and future market needs.
Vital Proulx Co-Chief Investment Officer and Chairman of the board, Hexavest
“Creating the QEMP through Finance Montréal’s efforts is a step forward in developing new asset management firms in Québec. This tool already enables...
“Creating the QEMP through Finance Montréal’s efforts is a step forward in developing new asset management firms in Québec. This tool already enables dozens of managers to reach their full potential and apply their investment strategies through a strategic input of new assets for management. They can also build a performance history and better position themselves to obtain new management mandates from national and foreign institutional investors. Over the next few quarters, we plan to increase the number of firms participating in this program, in order to directly contribute to building Montréal’s reputation as a first-class financial hub.”
The Emerging Manager Program was created through the efforts of Finance Montréal’s Entrepreneurship work group, as well as contributions from several industry players. The program’s mission consists in promoting financial entrepreneurship in Québec by mandating emerging managers.
Two funds capitalized for a total of $250 million
Selected managers mandated
Chief Executive Officer
“Through the various studies conducted by Finance Montréal, Québec’s finance industry has access to factual data to analyse and understand the major trends that shape it, as well as practical measures it can take to foster its own development.”
In order to gain an in-depth understanding of the financial market and its operations, Finance Montréal has conducted several studies on key issues affecting the business environment of Québec’s financial institutions. The data collected will be invaluable in fostering industry growth and providing a practical look on new market realities.
Study on the corporate financing chain in Québec
Study on the depth of the finance sector’s specialized labour pool
Study on the FinTech ecosystem in Québec
Chief Executive Officer
“Our international prospecting activities enable us to build trusting relationships with major world-class financial institutions. These efforts help expand our own finance sector and its interconnection...
“Our international prospecting activities enable us to build trusting relationships with major world-class financial institutions. These efforts help expand our own finance sector and its interconnection with other financial markets, as well as attract direct foreign investments in Montréal.”
Contributing to the sector’s development As a financial hub, Montréal offers many benefits, including quality talent and low operating costs. Moreover, Finance Montréal has rolled out various initiatives to attract foreign companies that will actively contribute to the sector’s development.
3 new financial services firms accompanied
63 corporate tours of Montreal realized
Over the past two years, Finance Montréal has rolled out several initiatives to expand its visibility and that of the financial sector as a whole:
Partner, Jarislowsky Fraser
President, Board of Directors, CFA Montréal, Associate Member of Finance Montréal
“Our strategic partnership with Finance Montréal contributes to CFA Montréal’s efforts toward providing our financial community with world-class events and cutting-edge training.”
Jacques Ménard’s conference in Paris, January 2015
Monique Leroux’s conference in London, March 2015