Investments Committee

The STF Investment Committee is comprised of independent professionals with specialized investment management, finance, legal or actuarial knowledge, each appointed by the STF Executive.


Jeff Stepan, CPA, CA, CFA, ICD.D

Committee Chair

Jeff is the Executive Vice President and Chief Financial Officer at Saskatchewan Government Insurance (SGI). Prior to joining SGI in 2008, he spent 17 years as an institutional investment consultant with Hewitt Associates where he consulted clients in the pension, endowment and insurance sectors.

Jeff is a Chartered Professional Accountant and Chartered Financial Analyst and holds an ICD.D designation from the Institute of Corporate Directors. He is also an avid volunteer with the Juvenile Diabetes Research Foundation.

Kamila Giesbrecht, CFA, RPA

Kamila is the Executive Director of Investments at the University of British Columbia’s Faculty Pension Plan, where she manages all investment activities related to the Plan.

Kamila has extensive investment industry experience, with over 22 years in the industry. She previously worked as Principal at George & Bell Inc. and was a senior consultant at both Aon Consulting and Phillips, Hager & North.

Kamila received her Bachelor of Commerce in Finance from the University of Toronto. She is a Chartered Financial Analyst and a Retirement Pension Associate.

Jon Schubert, CMA, HCIP, ICD.D

Jon is the former CEO at Saskatchewan Government Insurance and the Insurance Corporation of British Columbia. He now owns and operates Jon Schubert Consulting where he assists clients on strategic issues, interim executive and other assignments in the financial services sector. He is also the past and present member of several boards across the country.

Grant J. Kook, C. Dir., S.O.M.

Grant is the President, Chief Executive Officer and founder of Westcap Mgt. Ltd., one of Saskatchewan’s largest venture capital and private equity fund managers. He has broad experience on the boards of several companies, including SaskTel, the Saskatchewan Health Authority and the Saskatchewan Blue Cross.

Grant earned the Chartered Director Designation from McMaster University DeGroote School of Business and served as a Director for the Institute of Corporate Directors (ICD) Saskatchewan Chapter. He received the Saskatchewan Order of Merit in 2013.

Carol Chiu, MAcc. CPA, CA

Carol is the Interim CFO and CRO for Fundserv Inc. She has over 20 years of experience as a Finance and Risk executive in the financial services industry and brings significant experience in the financial services and technology sectors with a focus on transformation and technological innovation.

Before joining Fundserv, Carol was the President of CI Investment Services, a registered broker dealer offering settlements, clearing and custody services to financial advisors and retail investors. Prior to her role as president, she served as the CFO, Funds for CI Global Asset Management. Carol is also chair of the Finance and Audit Committee of the Michael Garron Hospital.

Carol holds a Masters in Accountancy, is a Chartered Professional Accountant and is a member of CPA Canada.

Emilian Groch, ICD.D

Emilian is a Corporate Director with extensive experience in the pension-investment industry focused on governance, strategic planning, risk management and policy.

As the former Chief Executive Officer of the Alberta Teachers’ Retirement Fund Board (ATRF), Emilian established ATRF as a leading-edge pension-investment organization in Canada. Prior to his time with ATRF, Emilian was the chief pension regulator for the Province of Alberta.

Emilian works with numerous boards and advisory committees and is a member of the Government Relations Committee of the Pension Investment Association of Canada. He was also a founding director of the Canadian Coalition for Good Governance.

Emilian received a B.Sc. Honours (Applied Mathematics in Statistics) from the University of Alberta and received the ICD.D designation from the Institute of Corporate Directors.