Total Fund Management team

Stephen McLennan leads the Total Fund Management department, which integrates Ontario Teachers' portfolio construction approach with our treasury and funding capabilities. He was previously responsible for managing Ontario Teachers' allocation to Natural Resources, including direct private assets such as timberland, oil and gas and mining and agriculture.

Audrey Gaspar is responsible for leading the Treasury & Integration team at the Fund. The team is accountable for Ontario Teachers' investment funding strategy as well as all treasury and funding capabilities to support the investment program.

Steve Saldanha is responsible for portfolio management and asset allocation for the Total Fund Management department. He joined Ontario Teachers' in 2006 and was most recently Director, Global Tactical Asset Allocation in Capital Markets, where he specialized in active public market investments across various asset classes in both emerging and developed countries.

Millan Mulraine joined Ontario Teachers' in 2016 after close to 10 years with TD Securities, most recently as their Deputy Chief Economist in New York where he was responsible for directing U.S. economic research and rates strategy. He leads the economics team and is responsible for designing and conducting macro-oriented research to inform the Fund's investment decisions.

Paul Schneider is a Director, Total Fund Management and Head of Corporate Governance at the Ontario Teachers’ Pension Plan. In his role, Paul leads Ontario Teachers’ global corporate governance initiatives, overseeing the corporate governance across all global public holdings. He has responsibility for advancing Ontario Teachers’ corporate governance policies and practices which includes the development and application of Teachers’ proxy voting guidelines and process, the execution of the Fund’s public company governance engagement program, and the interaction with regulatory bodies across markets to promote regulation that considers the interests of shareholders. Paul and his team provide corporate governance insights and expertise to the global public equity investment teams. Paul has close to 20 years’ experience in corporate governance career, joining Ontario Teachers’ in 2010 after 7 years with the Canadian Coalition for Good Governance (CCGG) where he helped establish CCGG as a leading voice in Canadian corporate governance. Paul is a board member of the International Corporate Governance Network and Chairs both the Audit and Finance Committee and the Planning Committee for the Toronto ICGN Annual Conference. In addition, Paul is a member of the CCGG Public Policy Committee, the Investor Group of the 30% Club Canada, the Harvard Institutional Investor Forum Advisory Board, the Asian Corporate Governance Association Investor Advisory Group and its China Working Group. He has been a judge for the Governance Professionals of Canada Excellence in Governance Awards since the award’s inauguration in 2013. Paul received his MBA from the Rotman School of Management, University of Toronto (with distinction) and holds the ICD.D designation from the Institute of Corporate Directors.

Anna Murray joined Ontario Teachers' in 2022. Previously, Anna was the Global Head of ESG for Sun Life Capital (SLC) Management where she was responsible for integrating ESG risk management and value creation practices into investment decisions and management across the firm’s global investment platform. She also worked as Global Head of ESG with BentallGreenOak, SLC Management's real estate investment manager and a globally recognized provider of real estate services.

Alex Bellefleur is a Managing Director in Total Fund Management at Ontario Teachers’ Pension Plan. Leading the Dynamic Asset Allocation team within Portfolio Strategy, he is responsible for producing research and top-down, asset-class level, opportunistic recommendations in equities, fixed income, credit, commodities and currencies, with a view to adding to total fund returns or reducing risk. Before joining Teachers’ in 2019, Alex was Chief Economist and Strategist in the Multi-Asset Strategies Team at Mackenzie Investments. Before that, he was Head of Research at Pavilion Global Markets Ltd., advising a variety of institutional clients in North America, Europe and Asia. He holds a Master of Arts in Economics from the University of British Columbia, a Bachelor of Arts in Economics from Université Laval and speaks French, English and Italian. He is also a CFA charterholder.