Real Estate Fund

The Board of Directors of the Fonds immobilier de solidarité FTQ is composed of a majority of independent directors from the real estate industry who have no affiliation with either the Fonds de solidarité FTQ, the FTQ or its affiliated unions.

Principal aspects of the Board’s mandate: 

  • Ensure respect of the Fonds immobilier de solidarité FTQ’s mission at all times, as stated in its incorporating Act (Loi consitutant le Fonds de solidarité des travailleurs du Québec (F.T.Q.))
  • Sign off on the Fonds immobilier de solidarité FTQ’s strategic business directions;
  • Sign off on investment recommendations within its ambit; 
  • Ensure that as an investor, the Fonds de solidarité FTQ conducts itself as a socially responsible organization;
  • Regularly evaluate the Fonds immobilier de solidarité FTQ’s performance through the Audit Committee and the Governance and Ethics Committee.  

* Independent members with no affiliation with either the Fonds de solidarité FTQ, the FTQ or its affiliated unions. 
    • Jean-Claude Scraire *

      Jean-Claude Scraire *


      Jean-Claude Scraire is an independant consultant in strategic development. Since 2002, he has worked for different organizations and businesses in Asia, Europe and Québec.

      Mr. Scraire previously worked for 22 years at the Caisse de dépôt et placement du Québec where he served as Chairman of the Board and Chief Executive Officer from 1995 to 2002. He also held various positions in Québec public administration from 1974 to 1981, including at the Ministère de la Justice.

      Committed to economic development and strongly believing in the importance of entrepreneurship while respecting the local communities, Jean-Claude Scraire has recently chaired the board of directors of Investissement Québec and the Fondation de l’entrepreneurship.

      Member of the Barreau du Québec since 1970, Mr. Scraire is also a member of the Fondation de l’entrepreneurship and the University Club.

    • Denis Bolduc

      Denis Bolduc

      Denis Bolduc is president of the Canadian Union of Public Employees (CUPE) for Québec and a member of the CUPE National Executive Board. He is also a member of the Bureau of the FTQ and has served on the Board of Directors of the Fonds de solidarité FTQ since June 2016.

      Holder of a DEC in Arts and Media Technology from Cégep de Jonquière, Mr. Bolduc worked as a radio broadcast journalist at CKCV-AM in Québec City from 1985 to 1986 and as a journalist at Journal de Québec from 1986 to 2011. He was editor of the free daily Média Matin Québec from 2007 to 2008.

      Mr. Bolduc was president of CUPE-Québec Local 1450 from 2006 to 2011, president of CUPE-Québec’s Provincial Council for the Communications Sector (CPSC) from March to May 2011, and General Secretary of CUPE-Québec from May 2011 to June 2016.

    • Michel Cyr*

      Michel Cyr*

      Michel Cyr has demonstrated his team leadership abilities in many large real estate development projects in Canada, the United States and Europe. With technical expertise and in-depth knowledge of the real estate market, he has over 40 years of experience in planning, financing and project execution.

      Michel began his career in consulting engineering. He then went on to hold management positions at various real estate firms including Grilli, Solim, SITQ and Ivanhoé Cambridge. Since 2015, he has worked as a strategic advisor on major real estate projects.

      Michel has been a member of the Ordre des ingénieurs du Québec since 1975. He holds a bachelor’s degree in civil engineering and a master’s degree in engineering from Polytechnique Montréal as well as an MBA in finance from HEC Montréal.

    • Renaud Gagné

      Renaud Gagné

      Renaud Gagné is the Québec director of Unifor, Québec’s largest private sector union.

      Mr. Gagné’s career in the labour movement began in 1984, when he became a union representative. Over the next 23 years, he built extensive bargaining experience in the pulp and paper and wood processing industries. In 2007, he was elected Vice-President (Quebec Region) of the Communications, Energy and Paperworkers Union of Canada. During his tenure, he was confronted with many situations that called for innovative solutions in order to protect jobs, working conditions and pension funds. He also steered complex dossiers involving companies subject to the Companies' Creditors Arrangement Act and made numerous representations before the Québec government during the reform of the province’s forestry regime. Upon the founding of Unifor in 2013, Mr. Gagné was appointed Assistant to the Quebec Director.

      Mr. Gagné holds a mechanical manufacturing technician diploma. He has been a Board member of Solifor, a forestry asset management firm, since 2009.

    • Denis Labrèche *

      Denis Labrèche *

      Denis Labrèche has over 30 years’ experience in business valuation, financial disputes and M&As in various industries. As a partner at Ernst & Young from 1978 to 2011, he was involved in key mandates and transactions and was frequently called to give expert testimony. He was also tasked with many venture capital mandates for the Government of Québec, Caisse de dépôt et placement du Québec and Société générale de financement du Québec. He also acted as financial advisor to large organizations including Provigo, Métro, Rona, Bell Canada and the Canadian Red Cross.

      Very active throughout his career, Mr. Labrèche has given speeches, led countless seminars on business valuation and financing and written articles on the topic for the business magazine Commerce and the La Presse newspaper.

      Mr. Labrèche has served on the boards of the Canadian Institute of Chartered Business Valuators and of Réseau Capital.

      Denis Labrèche is a Chartered Business Valuator (CBV – 1984) and a Chartered Accountant who made the prestigious Honour Roll of the Chartered Accountants 1978 Uniform Exam (UFE).

    • Gervais Levasseur *

      Gervais Levasseur *

       Gervais Levasseur is a seasoned manager with extensive experience in corporate strategy. He has spent most of his career at Ivanhoé Cambridge, an international real estate investment, development and management firm belonging to Caisse de dépôt et placement du Québec. He has been a strategic planning and management consultant since 2015.
      During his tenure at Ivanhoé Cambridge, Mr. Levasseur was Executive Vice-President and Chief Financial Officer from 1992 to 2014. His main responsibilities included financial corporate strategy and planning, treasury and finance, valuation and financial analysis, internal control, accounting policies and financial reporting, taxation and management information systems (information technology). Gervais Lavasseur began his career at KPMG, after which he went on to serve as Chief Accountant and Controller at CN Real Estate. Prior to his arrival at Ivanhoé Cambridge, he was Controller at SNC Lavalin.
      Mr. Levasseur earned an accounting degree from HEC Montréal and holds the designation of CPA, CA from the Ordre des comptables professionnels agréés (CPA) du Québec.
    • Gaétan Morin

      Gaétan Morin

      Gaétan Morin has been President and Chief Executive Officer of the Fonds de solidarité FTQ since 2014. A member of the Fonds team since 1989, Mr. Morin held a variety of roles in the organization before becoming president, including Executive Vice-President, Corporate Development and Investment, Senior Vice-President, Natural Resources and Consumer Goods, Investment Director, Portfolio Manager and Financial Adviser.

      Before joining the Fonds, Mr. Morin worked in business financing for various securities brokers, including Pemberton Securities and Saumier Morrisson et associés. Prior to this, he served as Project Manager for a number of mining companies and for the Ministère des Ressources naturelles du Québec.

      Gaétan Morin sits on the boards of the Fonds de solidarité FTQ, SSQ Financial Group, and the Cercle des présidents du Québec. In 2005, he was awarded the Prix Mérite Ressources by the Ordre des géologues du Québec.

      He holds a bachelor’s degree in finance and geology, as well as a master’s degree in economic geology from the Université du Québec à Montréal (UQAM).

    • Sylvain Paré

      Sylvain Paré

      Sylvain Paré has been Executive Vice-President, Finance, of the Fonds de solidarité FTQ since January 2015. In this role, he sits on the Fonds’ Management Committee and oversees four corporate functions: financial control, tax, financial management and integrated risk management. He also chairs the Integrated Risk Management Advisory Committee. Previously, during his tenure as Vice-President, Financial Management and Strategy, from 2006 to 2014, he spearheaded the development of an integrated risk management program, implemented a financial compliance program and overhauled the organization’s integrated financial asset management policy.

      Prior to joining the Fonds, Mr. Paré was Executive Director, Finance and Capital Management, at the Fédération des caisses Desjardins du Québec from 2004-2006, and from 2002 to 2004 served a Vice-President, Finance and Treasury, at Desjardins Financial Corporation. Before that, he was CFO of Netgraphe, a subsidiary of Quebecor Média. Before joining Quebecor, he spent 10 years in various management positions at Royal Bank of Canada.

      Sylvain Paré has been a Board member of SSQ Financial Group since December 2011 and also sits on its audit committee and its executive and human resources committee. He maintains an active social commitment, serving on the Board of Épilepsie Montréal Métropolitain since 1998 and acting as the organization’s treasurer. 

      Mr. Paré holds the CPA/CGA designation and is a graduate of École des Hautes Études Commerciales (HEC) de Montréal, where he earned a Master of Science in Finance and a Bachelor of Business Administration (major in Finance).

    • Louise Rochette *

      Louise Rochette *

      An accounting and administration executive, Louise Rochette has experience in strategic and operational planning, administration, property management, operations management, human resources management, financial analysis, accounting and treasury, as well as in developing administrative and accounting policies and processes using a “quality approach.” 
      Currently Compliance Officer at Universitas Financial, Ms. Rochette tracks regulatory changes made by securities regulators and other authorities and determines the actions to be taken to control compliance risks.
      Louise Rochette currently serves on the board of directors of the Ordre des administrateurs agréés and on its treasury board, and was previously a member of the Ordre’s governance committee. She was a board member of the Corporation d’Hébergement du Québec (CHQ) and Chair of the CHQ– Réseau de la Santé audit committee from 2002 to 2010, as well as a board member of Domaine Forget de St-Irénée, Charlevoix, from 1999 to 2003.
      Ms. Rochette has been a member of the Ordre des comptables professionnels agréés du Québec (CPA, CA) since 1983, the Ordre des Administrateurs agréés du Québec (OAAQ) since 1999, and the Collège des administrateurs de société since 2008.
      She holds a Bachelor of Business Administration (accounting major) and a degree in accounting from Université Laval.
    • Julie Salvail*

      Julie Salvail*

      A lawyer by training, Julie Salvail has over 15 years’ experience in the real estate field and almost as many heading corporate legal affairs departments. She is currently Director of Legal Affairs at McMahon Distributeur pharmaceutique, a subsidiary of Metro Richelieu.
      Ms. Salvail began her career at SITQ as an advisor before moving to FPI Alexis Nihon to head its legal affairs department. She also worked in Fraser Milner Casgrain’s real estate division, after which she went on to head the legal affairs department of BUSAC Immobilier and then of Magil Laurentian.

      Julie Salvail is a regular panellist at real estate conferences. In 2013, she was named one of the eight most influential women in real estate by the magazine Premières en affaires and in 2011 was a finalist for the Rising Star prize, awarded by CREW M, an association that promotes and pays tribute to the excellence of women in commercial real estate. 

      Holder of a law degree from Université de Montréal, Ms. Salvail earned a diploma in introduction to French law  from Université de Poitiers and is a member in good standing of the Barreau du Québec. She also holds a specialized graduate diploma (D.E.S.S.) in management from HEC Montréal.