Peter Muldowney has joined Connor, Clark & Lunn Financial Group (CC&L) as senior vice-president, institutional strategy. In this newly created role, Muldowney will report directly to the company’s co-CEO Warren Stoddart, and will focus on helping pension plan sponsors better understand the investment challenges they face and the portfolio management solutions that may be best suited to their needs.
Stoddart says CC&L—an asset management company with offices across Canada— created the position with the recognition that plan sponsors face increasing pressures on their time and available resources. He says Muldowney’s 25 years in the industry has allowed him to develop strong links with pension fund teams and gain knowledge of the challenges they have.
“We wanted an individual who understands the challenges pension funds face, and at the same time someone understands the importance of working collaboratively with investment consultants. When plan sponsors, investment consultants and investment managers work collaboratively, it creates a higher probability of success for meeting the needs of plan sponsors,” says Stoddart.
Stoddart says the new role is “unique in Canada,” and will draw on Muldowney’s extensive experience in investment policy and implementation to engage institutional investors, pension plans and consultants through face-to-face discussion and presentations at industry events.
“Our desire is to work collaboratively with plan sponsors and consultants to find more effective ways to develop and execute investment solutions, rather than just talking about ideas,” says Stoddart.