Letko Brosseau appoints David Després as President, co-founder Daniel Brosseau as Senior Advisor (opens in a new tab)
Planned leadership succession effective January 1, 2027.
Investment Management
Independent Montreal-based global investment manager for pension plans and private clients.
Letko Brosseau is an independent investment manager founded in 1987 by Peter Letko and Daniel Brosseau, who both came from CN's pension investment division. Based in Montreal with offices in Toronto and Calgary, it runs benchmark-agnostic, bottom-up global equity, fixed income and balanced portfolios, mainly for Canadian pension plans and high-net-worth private clients. In May 2026 it entered the retail market with prospectus-offered series of eight funds sold through advisors. Long-time insider David Després becomes President on January 1, 2027. Its hiring covers investment analysts, investment services (private client) and operations roles in all three cities.
7 open roles0 deals5 people10 sources
Equity, fixed income and balanced mandates for pension plans and other institutions; investment management is the firm's only business.
Portfolio management for high-net-worth individuals and families, served by investment counsellors in Montreal, Toronto and Calgary.
Since May 2026, prospectus-offered series of eight funds (Canadian, international, emerging markets and infrastructure equity, balanced and bond) run by the same team as its institutional mandates.
| Montreal | QC | headquarters |
| Toronto | ON | regional |
| Calgary | AB | regional |
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The firm’s investment philosophy is published and almost no candidate reads it. Quoting a manager’s own stated criteria back to them, with one company you applied it to, beats any structural reason here. Say which part you agree with and, if you can defend it, one part you would push on.
Independent Montreal value manager with a public and often contrarian voice on Canadian capital markets policy, which makes the firm easy to engage with substantively.
Long-term horizon with low turnover.
Partner-owned.
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President and Co-Founder (becomes Senior Advisor on January 1, 2027)
Executive / Board
Co-founded the firm in 1987 after nearly a decade in CN's investment division, where he worked in oil and gas, private equity and international investments. Will hand the presidency to David Després and become Senior Advisor, staying on the board and Investment Council and keeping his ownership stake. Polytechnique (Université de Montréal) engineering, HEC Montréal MBA.
Executive Vice-President (President-designate, effective January 1, 2027)
Executive
Joined in 2001 and spent 19 years on the investment team as analyst, portfolio manager and team leader; named EVP overseeing operations in 2025 and chairs the Executive Committee. Appointed to succeed Daniel Brosseau as President from January 1, 2027. CFA charterholder.
Vice President - Operations and CFO, Partner
Operations
Joined in 1997 after Price Waterhouse and Canadian Pacific; heads operations and finance and also serves as Chief Compliance Officer. UQAM accounting, CPA.
Vice President - Investment Management, Partner
Research / Investment Council
Chairs the Investment Council, overseeing portfolio strategy and risk across all assets, and sits on the Executive Management Committee. Joined in 2000 after roles at the Bank of Canada Pension Fund, Avenor and UBS Bunting Warburg research. Sherbrooke M.Sc. Finance, CFA.
Vice President - Investment Management, Partner
Research
Portfolio manager who joined in 1998 from a sales engineering role at Carrier Aircon; now also VP, Investment Management. McGill MBA, Delhi College engineering, CFA.
Professional information only, drawn from official biographies and published reporting. BSO never lists private contact details.
Jan 1, 2027Upcoming
David DesprésPromotion
President
Letko, Brosseau & Associates → Letko, Brosseau & Associates
Announced September 28, 2026 as part of the firm's succession plan; takes over from co-founder Daniel Brosseau.
Jan 1, 2027Upcoming
Daniel BrosseauAppointment
Senior Advisor
Letko, Brosseau & Associates → Letko, Brosseau & Associates
Co-founder steps back to Senior Advisor alongside co-founder Peter Letko, remaining on the board and Investment Council.
Planned leadership succession effective January 1, 2027.
C$22.5 billion manager offers prospectus series of eight funds to advisors' clients.
No sourced transactions for this firm. BSO publishes a fact only once it can attribute it to a named source, so these stay off the page rather than being filled in from inference. If you know something published that belongs here, it is the fastest way to get it added.
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Letko Brosseau · Sep 28, 2026 · lba.ca
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Letko Brosseau · Date unavailable · lba.ca
Letko Brosseau · Date unavailable · lba.ca
Letko Brosseau · Date unavailable · lba.ca
Letko Brosseau · Date unavailable · lba.ca
Bay Street Oracle · Oct 8, 2026 · intelligence.baystreetoracle.ca
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