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Benefit from the Strength of our Team

The Cidel investment team features some of Canada’s most experienced investment professionals, with proven expertise and significant depth in building and managing institutional portfolios here and around the globe.

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Mark Biderman,


Vice President, Trust and Legal, Cidel Trust Company

Mark Biderman joined Cidel in 2013. He is responsible for the operations of Cidel Trust Company as well as new business initiatives. Mark also acts as in-house corporate counsel and taxation law specialist at Cidel.


Prior to joining Cidel, Mark was a lawyer in the tax group at Goodmans LLP. He has authored several tax articles with a particular focus on international taxation law.


He holds a BA (Honours) from Huron University College at the University of Western Ontario, and an LLB from Osgoode Hall Law School, York University.


Mark is a member of the board of directors of Camp Solelim and is a member of the Law Society of Ontario.

Michael Brown

Vice President, Portfolio Manager, Investments

Michael joined Cidel in 2020. He joined the Canadian equity research team at Cidel as a Vice President, Portfolio Manager, Investments. He is responsible for co-managing the Canadian Equity Total Return Fund.

He has 16 years of experience in investment management.

Michael is a Canadian Financial Analyst (CFA®) charterholder and a Chartered Professional Accountant (CPA®).

Jamie Brubacher,


Institutional Client Consultant & Associate Portfolio Manager, Cidel Asset Management Inc.

Jamie joined Cidel in 2013. He works extensively with institutional investors, consultants and private clients in Cidel’s Institutional and Asset Management division.


Prior to joining Cidel, Jamie worked in Capital Markets focused on Foreign Exchange and has over 10 years of financial services experience, 7 of those years with Cidel.


He holds a Bachelor of Commerce from Ryerson University and is a Chartered Financial Analyst (CFA®).


Jamie has been actively involved with the CFA Institute’s exam development over the past 5 years while also being a member of the CFA Institute and Toronto CFA Society.

Stephen Caldwell,


Vice President, Portfolio Manager, Cidel Asset Management Inc.

Stephen joined Cidel in 2010. He is responsible for investment analysis, portfolio management, client service and sales.


Stephen has 27 years of cumulative experience in investment analysis, portfolio management, client service and sales. Prior to Cidel he worked with  two major Canadian financial organizations and a major U.K. based international money manager.


Stephen is a graduate of Manchester University in Accounting and Law, is a Fellow of the Institute of Chartered Accountants in England & Wales and holds the Chartered Financial Analyst (CFA®) designation.


Barry Da Silva,


Assistant Vice President, Senior Analyst, Portfolio Manager, Cidel Asset Management Inc.

Barry joined Cidel in 2015. He is responsible for covering the energy sector on the Canadian Equity Team.


Prior to joining Cidel, Barry was a portfolio manager and analyst at a large Canadian life insurance company, as well as at one of Canada’s largest pension plans. He also served as an investment analyst at a Canadian-based asset management company.


Barry has a BA in Commerce and Economics from the University of Toronto and is a Chartered Financial Analyst (CFA®). He is a past member of the Canadian Medical Hall of Fame finance committee.

Christy DeCosimo,


Wealth Consultant, Investment Counsellor, Cidel Asset Management Inc.

Christy joined Cidel in 2011. In addition to designing and delivering customized discretionary investment management solutions for high net worth individuals, families, corporations, and estates & trusts, she leads the firm’s Not-For-Profit initiatives – the result of a passion for and success in working in the space.


Christy earned an HBA from the Richard Ivey School of Business at Western University; and is a graduate of the Governance Essentials for Directors of Not-For-Profit Organizations Program from the Rotman School of Management. She also has a Chartered Financial Analyst (CFA®) designation.


Christy currently chairs the BBA Professional Advisory Council (PAC) of the Pilon School of Business at Sheridan; is a member of CFA Institute, Toronto CFA Society and a former board member and Audit Committee chair of same.

Matthew Dennis,


Vice President, Senior Analyst, Multi Asset Class Mandates

Matthew joined Cidel in 2018. He is responsible for Cidel’s alternative investment mandates and third party manager research efforts. Matthew oversees the sourcing, due diligence, and selection of third party managers at the firm. He is also a member of Cidel’s ESG Committee.


Prior to joining Cidel Matthew was Vice President and a core member of the investment team at Optima Fund Management LLC – an NYC-based alternative investment firm specializing in hedge fund multi-manager programs and advisory services.


Matthew has BA in Economics from Brown University and holds the Chartered Investment Manager (CIM®) Designation from the Canadian Securities Institute. He currently serves as a member of the Leadership Development Advisory Council of Capitalize For Kids (C4K).

Romit Fernandes

Investment Analyst

Romit joined Cidel in 2021. He is responsible for investment analysis with a focus on Canadian equities. He brings seven years of industry experience as an equity analyst, having worked on both the buy side and sell side.


Most recently he was employed with one of Canada’s largest banks. He has both a Bachelor of Electronics & Telecommunications engineering, and an MBA from the University of Mumbai.


He is a CFA® charterholder and a graduate of University of Toronto’s (Rotman School of Management) Executive Management Program (Finance).

Bradley Gibbert,


Chief Risk Officer, Cidel Bank Canada

Brad joined Cidel in 2000. He is responsible for private client relationships, structuring and business development initiatives, and Cidel Asset Management Inc.’s Chief Compliance Officer.


Prior to joining Cidel Brad was an account manager at HSBC Bank Canada in the Corporate Banking Group.


Brad holds a BBA from the Schulich School of Business and is a Chartered Financial Analyst (CFA®). He is also a member of both the Toronto CFA Society and the CFA Institute.

Arthur Heinmaa,


Chief Executive Officer, Chief Investment Officer, Cidel Asset Management Inc.

Arthur joined Cidel in 1988. He is responsible for Cidel’s asset management operations and chairs the investment committee. He oversees the trading, research, operations, and compliance activities of the firm.


Prior to joining Cidel Arthur was a director of several Canadian mutual fund companies and a past director of the Toronto CFA Society.


Arthur is a Chartered Financial Analyst (CFA®) with a 25-year career in the financial services industry. He frequently lectures on capital markets at seminars and is a contributing subject matter expert for the Stalla CFA review program.


Arthur currently serves on the finance board of the University of Toronto as well as the following boards: The Scarborough Hospital Foundation, Integra Foundation, Victoria Village Hockey League and chairing financial service program advisory committee at George Brown College. He is a graduate of the University of Toronto.

Leila Kulbayeva,


Leila joined Cidel in 2022. She is responsible for equity research on the Global and Canadian equity teams. She brings fourteen years of industry experience, having worked on both the buy-side and sell-side.


Prior to joining Cidel Leila worked in equity research in the Fundamental Equities team with one of the Canada’s largest asset managers.


Leila graduated from Columbia University in New York with Master of International Affairs and from Kazakh National University with Bachelor of Economics. She is a Chartered Financial Analyst (CFA®) and holds CFA Institute Certificate in ESG Investing.


Leila mentors young finance professionals and students through the Women in Capital Market Association (WCM) and volunteers as a mentor of the CFA Society Toronto and Toronto Region Immigrant Employment Council (TRIEC).

Charles Lannon,


Senior Vice President, Portfolio Manager, Head of Equities, Cidel Asset Management Inc.

Charles joined Cidel in 2004. He manages Cidel’s equity team and serves as lead manager on the Cidel Global Equity strategy and its various Balanced strategies.


Prior to joining Cidel Charles worked a major accounting firm’s corporate finance practice and for a mutual fund firm.


Charles has an MBA in the Rotman School of Management from the University of Toronto and is also a Chartered Financial Analyst (CFA®).

Cameron Marr,


Cameron joined Cidel in 2013. He is responsible for investment analyst work on the Global and Canadian equity teams, as well as covering the consumer staples and real estate industries.


Cameron graduated from Ryerson University with a Bachelor of Commerce and is a Chartered Financial Analyst (CFA®).

Geoff Matus

Chairman, Cidel Bank Canada

Geoff is co-founder and chairman of Cidel. He is a director of a number of other international manufacturing and real estate  companies, including Tricon Residential which he co-founded.


Geoff graduated with Bachelor of Commerce and LLB from Wits University, and received a Law Degree from Columbia University in New York. While at Wits, Geoff was a co-founder of The Legal Resource Centre in South Africa, when he was the President of the Wits Law Student Council.


Geoff has a sustained record of volunteer work in Canada: he is an honorary director and past chair of the board of directors of the Baycrest Centre for Geriatric Care; a past member of the board of the Canadian Opera Company; the board of Mount Sinai Hospital and the board of Governing Council of the University of Toronto, where he currently c0-chairs the Pension and Endowment Investment Committee as well as the Universoty’s Real Estate. Geoff is a member of the board and chair of the Real Estate Committee of the MaRS Discovery District.


In 2005, he was a recipient of the Jewish Federation award for outstanding service to the community. In 2010, he received the Arbor Award for outstanding service to the University of Toronto and in 2011 he was honoured as “Man of Distinction” by the Israel Cancer Research Fund.


In 2018 Geoff received an honorary doctorate from The University of Toronto.

Tiziana Ragogna Mazzilli,


Senior Vice President, Cidel Asset Management Inc.

Tiziana joined Cidel in 1999.


Tiziana has a Bachelors in Business Management in Accounting and Finance from Ryerson University.


She also holds designations as a Chartered Professional Accountant (CPA®) and a Chartered General Accountant (CGA®). She is a member of the Association of Chartered Certified Accountants (ACCA®).

Bill McKay,


Senior Vice President, Portfolio Manager, Head of Multi Asset Class Mandates, Cidel Asset Management Inc.

Bill joined Cidel in 2005. He is chairman of Cidel’s asset allocation committee, a member of the investment committee, and head of the multi-asset class team. His responsibilities include managing a range of discretionary portfolios and investment products and liaising with clients.


Prior to joining Cidel, Bill worked with UBS Canada where he served as a director and portfolio manager for high-net-worth clients. He was also deputy head of the UBS Canadian Equity team. He also held an advisory role for offshore clients, for whom he provided advice on asset allocation, portfolio construction and security selection.


Bill is a Chartered Financial Analyst (CFA®) and Chartered Alternative Investment Analyst (CAIA®). He is a member of the Toronto CFA Society, the CFA Institute and the CAIA Association.

Kate Nowak,


Director, Institutional Business

Kate has joined Cidel in 2023 and is responsible for Institutional Client Business.


 Kate brings over fifteen years of experience in financial services industry. She has spent over a decade within the institutional asset management realm (Legg Mason, Russell Investments, Unigestion) focusing on marketing, client service and business development.


Kate holds a B.A in Industrial Relations from University of Toronto as well as a Public Relations Diploma from Ryerson University. Kate also holds a Canadian Investment Manager designation.

Cemre Pehivanoglu

Associate, Portfolio Analytics

Cemre joined Cidel in 2017. He is responsible for the Portfolio Analytics practice, which includes performance measurement and attribution for Cidel’s strategies.


Cemre brings with him prior credit research experience from S&P Global Ratings.


Cemre holds a Bachelor of Arts (Honours) Degree in Economics from the University of Toronto and is a Financial Risk Manager (FRM®).

Henry Perren

Henry joined Cidel in 2003. As President of Cidel Bank Canada, Chairman of Cidel Asset Management Inc. and a member of the Cidel management committee he is responsible for Cidel’s Canadian operations.


Henry took a small break to serve as Chief Operating Officer of AFL Investments Limited (2005-2008), a Bermuda-based financial services firm, before re-joining Cidel in 2009.


Henry holds a Masters from the University of Cambridge.

Jeffrey Phelps

Assistant Vice President, Trader, Global Equity and FX

Jeffrey joined Cidel in 2003 and is responsible for the management of global equity and foreign exchange trading as a part of our investment team.


Jeffrey has over 15 years of experience in the trading and foreign exchange community.


Jeffrey holds a degree from the University of King’s College.

James Porter,


EVP, Canadian and Institutional Business, Cidel Asset Management Inc.

James joined Cidel in 2012. He is responsible for private wealth, institutional and third-party distribution channels.


James is an experienced financial services leader and draws on significant industry knowledge in his role as head of Canadian and Institutional business at Cidel.


Prior to joining Cidel, James held executive roles in the wealth management divisions of a large Canadian bank and a global bank’s Canadian and US operations.  He is also a Chartered Financial Analyst (CFA®).


James volunteers as a Board Chair at the Child Development Institute, an organisation serving children, youth and their families through early childhood education and innovative programs in mental health. He was past chair of the investment industry trade association’s national wealth management committee.

Craig Rimer

Chief Executive Officer, Cidel Bank Canada

Craig is co-founder and Chief Executive Officer (CEO) of Cidel.


Prior to joining Cidel he was a managing director in CIBC World Markets’ Financial Products Division and worked in the derivatives division of Bankers Trust Company.


Craig is a member of the Pension and Endowment Investment Advisory Committee to The President of the University of Toronto, Foundation Trustee for the Jewish Foundation of Greater Toronto, a member of the investment committee at Baycrest Centre for Geriatric Care’s Foundation and a board member of Tannenbaum CHAT.


Craig was also a director of the UJA Federation of Greater Toronto, treasurer of Baycrest Centre, co-chair of the Baycrest investment committee, and President of Robbins Hebrew Academy.


Craig graduated Summa Cum Laude with a BSc in economics from the University of Pennsylvania, Wharton Business School.



Hilton Sacks

EVP, International Business Development and Marketing, Cidel Asset Management Inc.

Hilton joined Cidel in 1999. He is responsible for leading International Business Development and Marketing and is a member of the management committee.


Prior to joining Cidel, Hilton was head of broker distribution for Liberty Life Association of Africa Limited and member of the executive governing body.


Hilton qualified from the Institute of Marketing Management in 1984.


Hilton is also the past chair of the ethics committee for the Life Underwriters Association of South Africa.

Rob Spafford

Vice President, Portfolio Manager, Cidel Asset Management Inc.

Robert joined Cidel in 2006. He is responsible for co-managing the Canadian Equity Total Return Fund, co-managing the Canadian Opportunities Fund, and research in the Materials, Communication Services and Information technology sectors.


Prior to joining Cidel, Robert worked in equity research, a fund analyst specializing in Canadian equities and fixed income, and as an investment funds specialist. He has more than 20 years of experience in wealth and portfolio management, investment analysis and sales.


Robert is a holds an MBA in Finance and Investment Management from the Joseph L. Rotman School of Management and holds the Chartered Financial Analyst (CFA®) designation.

Bryan Tamblyn

Chief Compliance Officer

Bryan Tamblyn joined Cidel in 2019. As Chief Compliance Officer of Cidel Bank Canada, Cidel Trust Company and Cidel Asset Management he is responsible for managing the firm’s compliance and AML programs.


He has 15 years of industry experience in compliance and risk management.  Prior to joining Cidel, Bryan was the Chief Compliance Officer for UBS Bank (Canada).


He holds the Fellow of the Canadian Securities Institute and the Chartered Investment Manager designations and is a Certified Anti-Money Laundering Specialist.  


Bryan is a Board Director for the UHN Foundation and a member of its Investment Committee.  He is also a member of George Brown’s Program Advisory Committee that is responsible to oversee the curriculum for their new Compliance Program.

Tom Tien

Head of Advisor Distribution

Tom recently joined Cidel Asset Management to focus on the third party advisor channel. He will be responsible for building out the Retail division by providing qualified solutions to high net worth advisors and portfolio managers.

Prior to joining Cidel, Tom was previously at a boutique firm servicing advisors across Ontario with Longterm solutions. He also has worked at the largest asset managers in the world so he comes to Cidel with a tremendous amount of expertise.

Tom holds a Bachelor’s degree in Economics from McMaster University.

Philip Young,


Assistant Vice President, Senior Analyst, Cidel Asset Management Inc.

Philip joined Cidel in 2011. He is responsible for Cidel’s ESG investing initiatives and co-manages the firm’s sustainable equity products.


Prior to joining Cidel Philip was an associate at PwC. Philip holds an HBA from Ivey Business School at Western University and is a Chartered Financial Analyst (CFA®).


Philip serves on the CFA Society Toronto’s Professional Development Committee. In the past, he was a Board Member and Treasurer for The Ontario Branch of the International Dyslexia Association.