Meet the team behind the GPTB
Mike Heale
Principal, CEM Benchmarking
Mike Heale is responsible for global business development and client service for CEM’s investment and administration benchmarking clients. His personal clients include leading pension and sovereign wealth funds in Asia, Canada, Europe, the Middle-East, and the United States. He has been with CEM for 21 years. Heale has an undergraduate degree in Physical Health and Education from Laurentian University and an MBA from the Richard Ivey School of Business, University of Western Ontario. Prior to joining CEM in 1999, he had 12 years of pension and life insurance marketing experience. He started his career in education as a basketball coach and teacher at Laurentian University. Heale is a frequent speaker at global pension and investment conferences where he shares performance and best practice insights from the CEM research program.
Recent industry papers that he has co-authored include:
- The bright and dark sides of private equity investing
- The time has come for standardized total cost disclosure for private equity
- Private equity cost disclosure – a problem and the solution
- A hedge fund performance reality check
- Managing costs and optimizing outcomes (chapter in the book: Saving the Next Billion from Old Age Poverty)
He is the creator and leader of CEM’s Global Leaders Service, a research group consisting of leading global pension and sovereign wealth funds.
Amanda White
Editor, www.top1000funds.com
Director, institutional content, Conexus Financial
Amanda White is director of international for Conexus Financial and is responsible for all of the international business for the company.
She is editor of Top1000funds.com, the market leading news and analysis site pushing the global institutional investment industry towards best practice and actively campaigning for diversity, sustainability, transparency, innovation and better alignment of fees in the investment industry. She is co-founder of the Global Pension Transparency Benchmark among other innovations on Top1000funds.com
She is also responsible for directing the quarterly Fiduciary Investors Symposium series which challenges global investors on investment best practice and aims to place the responsibilities of investors in wider societal, and political contexts, as well as promote the long-term stability of markets and sustainable investments.
White has been an investment journalist for more than 30 years and has edited more than four industry journals. She was previously editorial director of InvestorInfo and had a distinguished freelance career.
She has a Bachelor of Economics from Sydney University and a Masters in Journalism from the University of Technology, Sydney and is a Finance Leaders Fellow at the Aspen Institute.
Advisory board
Each member of the GPTB esteemed advisory board brings a unique perspective on the importance of transparency and reporting from all corners of the globe. Their feedback and ideas have been instrumental in developing this concept.
Keith Ambachtsheer
President, KPA Advisory Services; co-founder and board member, CEM, Canada
Fiona Dunsire
UK Government Actuary
Lorelei Graye
Founder, Adopting Data Standards, USA
Angélique Laskewitz
Director, Association of Investors for Sustainable Development, The Netherlands
Neil Murphy
Vice-president, communications, Investment Management Corporation of Ontario, Canada
David Atkin, independent arbiter
Chief executive, PRI
Keith Ambachtsheer
President, KPA Advisory Services; co-founder and board member, CEM, Canada
“Real transparency is still a rare commodity in the pension industry. The GPTB initiative will help lift the veil on whether pension organisations are really creating value for their stakeholders.. Or not.”
Keith Ambachtsheer has been a participant in the pensions and investments industry since 1969. He is recognised as one of the globe’s most original thinkers on pension design, governance, and investing issues. Since its founding in 1985, KPA Advisory Services has become known as a trusted incubator for new thinking in pensions, and for providing strategic advice to a global clientele in person, and through the monthly Ambachtsheer Letter. CEM Benchmarking Inc., co-founded by Keith in 1991, has earned a reputation as the premier benchmarking organisation in the global pensions and investments industry.
Ambachtsheer was named “One of the Most Influential People in Pensions” by Pensions & Investments and has received many honours and awards over the course of his professional career. He is cited regularly in the world’s leading financial publications, including The New York Times, The Wall Street Journal, The Economist, The Financial Times, and The Globe & Mail. His editorials and articles have been published in the Financial Analysts Journal, the Journal of Portfolio Management, the Rotman International Journal of Pension Management, the Journal of Investment Consulting, and other professional journals. On the advisory side, he has played major roles in shaping and reshaping country retirement income systems [e.g., Australia, Canada, Finland, Ireland, Netherlands] and pension delivery organisations [e.g., ABP (Netherlands) , ATP (Denmark), CPP Investment Board (Canada), Ontario Teachers Pension Plan (Canada), Unisuper (Australia), USS (UK), WSIB (USA)].
In addition to being closely connected to the business side of the pension and investments industry, he has strong ties to its related fields in academia. aiCIO named him one of the globe’s “10 Most Influential Academics in Institutional Investing”, and he has helped guide the discourse in the field through a variety of academic positions, including:
- Executive-in-Residence and Director Emeritus, International Centre for Pension Management (ICPM),Rotman School of Management, University of Toronto
- Founding Editor, Rotman International Journal of Pension Management
- Founding Academic Director, Rotman-ICPM Board Effectiveness Program for Pension and Other Long-Horizon Investment Institutions
- Senior Fellow, National institute on Aging, Ryerson University
His fourth book, The Future of Pension Management, offers a progress report from the field, referencing case studies from around the world. Using the discipline of integrative thinking, the book shows how today’s pension challenges are best addressed. A Chinese translation was released by China Development Press in October 2017.
He has personal governance experience as a member of a number of corporate and not-for-profit boards, and has served as board chair of the Princess Margaret Cancer Foundation, and continues as a member of its Emeritus Council. He is a member of the Mercer CFA Institute Global Pension Index Advisory Council, the Georgetown University Center for Retirement Initiatives Scholars Council, the Network for Sustainable Financial Markets, and the Tobacco Free Portfolios Global Advisory Council.
Fiona Dunsire
UK Government Actuary
“Greater transparency promotes better understanding and trust in pension systems, ultimately encouraging higher levels of engagement and long-term savings”
Government Actuary Fiona Dunsire, took up the role on November 1, 2023, following 35 years of actuarial experience in the private sector where she held a variety of roles across pensions and investments, including as UK CEO of Mercer from 2012 to 2019. She has been a fellow of the Institute and Faculty of Actuaries since 1993. She is the first female Government Actuary since the post was created in 1917.
Lorelei Graye
Founder, Adopting Data Standards, USA
“Transparency will ultimately serve to strengthen the pensions and investments world because we thrive when markets, operations (including costs) are efficient, accurately measured, and effectively managed”
A private capital markets advocate and investor, Lorelei Graye, has served public pensions in private capital for the past decade. A former public pension staffer and founder of the successful consultancy, Leodoran, Graye is president of the nonprofit alliance, the Adopting Data Standards Initiative (ADS). ADS represents some of the globe’s largest pensions, custodial banks, and providers for the advancement of common data standards to benefit operations of all private capital market participants. She brings over 20 years of experience with business degrees in finance and accounting, summa cum laude.
Angélique Laskewitz
Director, Association of Investors for Sustainable Development, The Netherlands
“Transparency is needed because pension funds play a major societal role globally.”
Angélique Laskewitz is executive director of VBDO: the Dutch Association of Investors for Sustainable Development. She has held various roles in change management, human recources and governance-related management and consulting roles at financial services providers such as RVS, AMEV, Fortis Bank Netherlands, BNP Paribas Fortis and ASR Netherlands. As a sideline she started her own consultancy practice Angélique Laskewitz Management & Consultancy (ALMC).
Neil Murphy
Vice-president, communications, Investment Management Corporation of Ontario, Canada
“Public stakeholders may form opinions based on formal disclosures, but they increasingly draw conclusions on what they don’t see, or what is omitted. So transparency is important.”
Neil Murphy is the vice president of communications for the Investment Management Corporation of Ontario (IMCO), which manages over C$70.3 billion of assets on behalf of its institutional and public sector clients. Based in Toronto, he oversees IMCO’s global communication strategy, including strategic direction for communications, issues management, public engagement, media relations, and branding initiatives.Throughout his career, Murphy has led communication teams for organisations in both Canada and the US. Prior to IMCO, he was a communications director at the Ontario Teachers’ Pension Plan where he led member and corporate communications initiatives for almost 10 years. Prior to joining Teachers’, he was vice president of corporate affairs for a public relations firm in Toronto and was previously communications director for The Cadillac Fairview Corp. Ltd., one of the world’s largest commercial real estate firms. He holds a Master’s in Journalism from Concordia University in Montreal and a Bachelor’s Degree in Political Science from St. Francis Xavier University in Nova Scotia.
David Atkin, independent arbiter
Chief executive, PRI
Project team
Victor Miglo
Technical lead, CEM
Jack Smith
Beth Marta
Product manager, CEM
Sadaf Shaikh
Edsart Heuberger
Product manager, CEM
Ye Pynenburg
Director of finance, CEM
Victor Miglo
Technical lead, CEM
Victor Miglo has been with CEM since 2022 and is a member of the product delivery team as an analyst. In his role, he is responsible for building relationships with clients and ensuring they receive accurate and insightful data in order to make strategic decisions. Prior to CEM he completed his Masters in Finance from the University of British Columbia and is a published academic author. Miglo is also a national university tennis champion and enjoys playing sports with his friends.
Jack Smith
Digital marketing manager, Top1000funds.com
In his role as the marketing manager at Conexus Financial, Smith is leading the marketing agenda for Investment Magazine, Professional Planner and Top1000funds.com and related events. As a marketing allrounder, he is driven by reaching people with content and brand experiences that inspires them to take action.
Beth Marta
Product manager, CEM
Beth Marta graduated from McGill University with a business degree and has her MBA and CFA. She worked in audit at Deloitte in France and after moving back to Toronto worked on the trading floor in business development at large Canadian banks. She joined CEM Benchmarking in 2023 in the product group and also manages special projects.
Sadaf Shaikh
Head, talent and business management, CEM
Sadaf joined CEM in 2022 and is responsible for HR, Talent, PMO, Contracts, and Office Services at CEM, ensuring our internal talent and business programs, processes and corporate systems are optimized to support the high performance, growth culture at CEM. Sadaf brings over 15 years of broad HR, Talent and process experience in financial services. Before joining CEM, Sadaf ran her own consulting practice and was an HR Business Partner at OMERS and Brookfield. Sadaf is a Certified Human Resources Leader (CHRL), a Six Sigma Green Belt, and a Certified Executive Coach.
Edsart Heuberger
Product manager, CEM
Ye Pynenburg
Director of finance, CEM
Ye Pynenburg joined CEM in 2023 and is responsible for all aspects of financial management of the business including accounting, financial planning, tax and treasury. She brings more than a decade of financial experience working with both public and private clients in various industries and sizes. Prior to joining CEM, Pynenburg held positions at Rogers Communications Inc. and PwC in both their consulting and deals and audit and assurance practices. Pynenburg holds a Chartered Business Valuator (CBV) and Chartered Professional Accountant (CPA, CA) designation.
Dave Wilson
Investment benchmarking specialist, CEM
Dave Wilson has been with CEM since 1997. He has held various roles throughout his career, including managing the team responsible for the collection of data and preparation of client reporting. Currently he is working with the investment team part time and coaching new team members. Prior to working at CEM, Wilson worked as a private client money manager at an investment management firm. He holds an Economics and Political Science Degree from the University of Toronto and is a CFA Charterholder.
Top1000funds.com is the market leading news and analysis site for the world’s largest institutional investors. Focusing on investment strategy and implementation, Top1000funds.com is populated by original news stories, case studies and research that relates directly to the work of investment professionals at pension funds, endowments and sovereign wealth funds. In addition to in-depth profiles of large institutional investors’ investment strategies, the content analyses the most innovative and up-to-date investment thinking and strategy via close association with the portfolio management, finance academic and practitioner communities.
CEM works with over 400 fund sponsors worldwide to provide objective, actionable benchmarking insights. Founded in 1991, with vast industry knowledge, a robust database and $10+ trillion in AUM, CEM helps the world’s top pension schemes understand and manage their costs and performance. CEM also facilitates better pension outcomes by sharing cutting edge research derived from its proprietary databases.
“Transparency is the first step towards accountability.”
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