Board of Directors

The following are brief profiles of the Board of Directors and executive officers of Morneau Shepell

Stephen LiptrapStephen Liptrap

President and Chief Executive Officer

Stephen Liptrap is President and Chief Executive Officer of Morneau Shepell. Mr. Liptrap first joined the Company’s senior executive team in 2008, bringing with him more than 25 years of senior executive experience in the high tech, consumer packaged goods and retail sectors. In 2010, he was appointed Executive Vice President and General Manager of Morneau Shepell’s largest business unit, Employee Support Solutions. Then in July 2016, Mr. Liptrap was appointed Chief Operating Officer, responsible for leading the Company’s business operations and functions. Mr. Liptrap is a member of the Business Council of Canada and a member of the Human Capital Policy Council for the C.D. Howe Institute. He was a member of the National Committee for CAMH’s 150 Leading Canadians for Mental Health, and has served on the HR Committee for the 2015 PanAm Games, the Canadian Board of Directors for NCR and the Pension Board for Europe for a large technology company. He is a frequent speaker and thought leader on HR issues facing organizations today. Mr. Liptrap holds an Honours Business Administration degree from the Ivey Business School (Western University), is a recent graduate of the Harvard Advanced Management Program and is a Certified Human Resources Executive (CHRE).


Idan ShlesingerIdan Shlesinger

Executive Vice President Morneau Shepell and President, Retirement Solutions

Idan Shlesinger is Executive Vice President Morneau Shepell and President, Retirement Solutions. In this role, Idan provides leadership and guidance for Morneau Shepell’s Retirement Solutions business as well as Morneau Shepell Asset and Risk Management. Idan joined Morneau Shepell in 2007 as a senior consulting actuary. Since then he has played various roles, most recently as the leader of Morneau Shepell’s DC Pensions and Savings business, in which he oversaw Morneau Shepell’s growth as a major provider of DC pension services. Idan has more than 20 years of experience providing advisory services to corporate and public sector organizations, encompassing pension program design, funding, and strategic direction, in both defined benefit and CAP spheres. He has a passion for creative problem solving and innovation in the pension and retirement savings space, and has been a frequent speaker and writer on the topic. Idan grew up in South Africa and commenced his actuarial studies at the University of the Witwatersrand in Johannesburg. He immigrated to Canada in 1994 and completed his studies at the University of Toronto. He is a Fellow of the Canadian Institute of Actuaries and of the Society of Actuaries.


Grier ColterGrier Colter

Chief Financial Officer and Executive Vice President

Grier Colter joins Morneau Shepell as Chief Financial Officer and Executive Vice President bringing approximately 25 years of finance experience. Prior to joining Morneau Shepell, he was Chief Financial Officer of ECN Capital Corp. and a key member of the management team that transformed the company through several divestitures and acquisitions. Prior to that, Mr. Colter served in senior level positions at large publicly traded corporations including Canadian Tire Corporation and Barrick Gold Corporation. Mr. Colter earned his Chartered Accountant designation with Ernst and Young LLP. He is a Chartered Financial Analyst and holds a Bachelor of Business Administration with Honours from Wilfrid Laurier University.


Susan MarshSusan Marsh

General Counsel and Corporate Secretary

Susan provides legal and risk management counsel to Morneau Shepell on all aspects of its business and operations and acts as a trusted advisor and business partner in assisting the company identify and implement its strategic and tactical objectives.Susan has more than 10 years of experience in corporate, commercial, and securities law, working with public and private companies as both external and internal legal counsel. Prior to joining Morneau Shepell, Susan worked as a lawyer at two law firms in Toronto and St. John’s.Susan graduated from the University of New Brunswick Law School in 2004 after studying biochemistry at Memorial University. She was also among the first graduating class of the Rotman School of Management's Leadership Program for In-House Counsel and holds the title of Certified In-House Counsel, Canada (CIC.C).


Don EzraDon Ezra

Independent Board Member

Don recently joined the Morneau Shepell Asset & Risk Management Ltd. Board of Directors as the first independent director. He currently provides consulting services as well through Don Ezra Consulting Services, Ltd. (2010 – present). Prior to this Don served as Co-chair of Global Consulting at Russell Investments (NYC) & Director of Investment Strategy for its Americas institutional division (1984-2010). Before joining Russell, Don worked as a life insurance actuary in England and as a pension investment consultant in Canada, and he served as vice president of the Canadian Institute of Actuaries. Don is a widely published author in the pension fund industry. In addition to numerous articles and papers, his books include Understanding Pension Fund Finance and Investment (1979), The Struggle for Pension Fund Wealth (1983), Pension Fund Excellence (1998) and The Retirement Plan Solution: the Reinvention of Defined Contribution (2009). Don won a Graham and Dodd Award from the Financial Analysts Journal and the Roger Murray Prize from the Q Group in the U.S. In 2004, he was given the Lillywhite Award of the Employee Benefit Research Institute. Don was an appointed delegate to the National Summit on Retirement Savings in both 2002 and 2006, and an at-large delegate from New York State to the White House Conference on Aging in 2006. Don holds a B.Sc., Mathematics, Calcutta University and a M.A., Mathematics and Economics, Cambridge University. He is also a Fellow of the Institute of Actuaries.


Luc BachandLuc Bachand 

Independent Board Member

Luc Bachand is a corporate director and currently sits on the boards of Cominar Real Estate Investment Trust, the École des Hautes Études Commerciales, the Fondation Jeunes en Tête, the Institute of Corporate Directors of Canada and the J. Armand Bombardier Foundation. Mr. Bachand was Vice-Chairman and the Head of BMO Capital Markets in Québec from 2006 until his retirement in 2016. Mr. Bachand joined BMO Financial Group in 1983 where he held several positions within the Capital Markets Group. He holds a Bachelor’s degree in Business Administration from the École des Hautes Études Commerciales (HEC) and a Master’s degree in Business Administration (MBA) from Concordia University. He is a Fellow of the Institute of Canadian Bankers and has obtained the ICD.D designation.