Board of Trustees

Gary Collins

Chairman

Gary Collins is a seasoned corporate director with a diversified professional background including leadership roles within multiple industry sectors and senior government positions. Most recently, he was a Senior Adviser at Lazard Canada Inc., a premier independent financial advisory and asset management firm.  Prior to that, he was the President of Coastal Contacts Inc., the world’s leading online direct-to-customer retailer of replacement contact lenses and eyeglasses, until it was purchased by Essilor International in 2014. He has also held executive leadership roles with Belkorp Industries Inc., and Harmony Airways. From October 1991 to December 2004, Mr. Collins was a member of the British Columbia Legislative Assembly and held the portfolio of Minister of Finance from June 2001 to December 2004.

He currently serves on the boards of Chorus Aviation Inc., Rogers Sugar Inc., and Fiera Capital Corporation. His governance experience also includes board of director roles with Stuart Olson Construction Services, Liquor Stores of North America (now Alcanna Inc.), D-Box Technologies Inc., and Catalyst Paper Corporation.

Ali Hedayat

Director

Ali Hedayat is an entrepreneurial leader with over 20 years of investment banking experience spanning European, North American and Latin American markets. He is the founder and has been Managing Director of Maryana Capital in Toronto, Canada since March 2015. Prior to that, he was in the United Kingdom, where he cofounded Edoma Capital and was a Partner at Indus Capital. He started his career with Goldman Sachs, holding progressively senior roles over nearly 13 years, including Managing Director, and later, Co-Head of the Americas Principal Strategies Group.

Mr. Hedayat is a director and the Chair of the Audit Committee of Restaurant Brands International, one of the world’s leading quick service franchisors, and is an advisory board member of McGill University’s Desautels Faculty of Management. He also served on the boards of former public companies, Crius Energy LLC and US Geothermal, Inc., as well as the boards of several charities.

Behzad Khosrowshahi

Chief Executive Officer

Behzad Khosrowshahi is a leading healthcare investment professional with over 22 years of experience.

Mr. Khosrowshahi is Chief Executive Officer of DRI Capital, a role he has held since transforming the company following the going-private acquisition of Drug Royalty Corporation in 2002. Since that time, he has assembled a highly specialized team and overseen the evolution of DRI’s capital strategy, executing the transition to the fund structure and increasing the aggregate deployed capital for the DRI Capital Funds to more than $2 billion. He was responsible for attracting significant capital for DRI Capital’s first managed fund and led fundraising efforts for all other DRI Capital Funds. He also developed and led DRI Capital’s efforts to access debt through the asset-backed securities market, executing DRI Capital’s first securitization of royalties in 2005. Mr. Khosrowshahi leads the sourcing and identification functions at DRI Capital, where he has been responsible for the majority of the deals sourced since 2002. Prior to joining DRI Capital, he held increasingly senior positions at Future Shop Ltd., including heading the national chain’s merchandising, marketing, e-commerce, and supply chain functions as Executive Vice President. He was with Future Shop Ltd. from 1995 until it was sold to Best Buy Co., Inc. for $580 million in 2001. Mr. Khosrowshahi began his career at Deloitte and Touche LLP in 1991.

Kevin Layden

Director

Kevin Layden is an accomplished leader with 38 years of strategic planning, operations management and governance experience in the land development and retail sectors. Since 2008, he has been the President and Chief Executive Officer of Wesbild Holdings Ltd., a privately held residential, commercial and industrial real estate developer. Prior to Wesbild, he was the President of Future Shop when it was owned by Persis Holdings (Wesbild’s parent company) and subsequently sold to Best Buy in 2001. He stayed on as President after the closing and was responsible for the integration with Best Buy. He led the team responsible for building out the Best Buy banner across Canada using the standalone infrastructure of Future Shop while simultaneously growing the Future Shop banner. This “dual brand strategy” has since become the model for which Best Buy expands internationally. Mr. Layden went on to become the Chief Operating Officer of Best Buy International with responsibility of expanding Best Buy in Canada, Mexico, England, Turkey and China before leaving to join Wesbild.

Mr. Layden currently serves on the board of the Urban Development Institute, Pacific Region, a non-profit land development association in the Lower Mainland region of British Columbia. He was previously the Chairman of the Retail Council of Canada, was the Co-Chair for the Lower Mainland’s 2010 United Way Campaign Cabinet and was on the 2008 United Way Campaign Cabinet for the Retail and Services Group.

Paul Mussenden

Independent Director

Dr. Paul Mussenden is a seasoned healthcare executive. He is currently Chief Executive Officer of Cydar Ltd., a medical device business that uses artificial intelligence software and cloud computing to integrate medical images to provide surgical guidance. He is also a trustee and Deputy Chairman of LifeArc Limited, a healthcare charity. Through his career, Paul has advised healthcare companies at all stages of development, from research and development, to commercialization, including private and mature, publicly traded businesses. He has led the establishment of corporate governance and risk management frameworks and has extensive experience in corporate finance, including fundraising and investment, and mergers and acquisitions.

Paul was previously General Counsel & Head of Strategic Affairs at BTG plc, a UK FTSE250 healthcare company, playing a key role in building the company from 2000 until its sale to Boston Scientific for $4.2 billion in 2019. At BTG, Paul was Managing Director of the intellectual property licensing & royalty business, as well as for a small medical device business unit. Paul also had management responsibility for the Legal, Intellectual Property, Regulatory, Market Access & Reimbursement, Compliance and Medical Affairs functions. Prior BTG, he was an Equity Markets Advisor with the London Stock Exchange, where he focused on healthcare company transactions.

Sandra Stuart

Independent Director

Sandra Stuart is an accomplished international banking executive with extensive corporate governance experience. She has been recognized by the Association of Women in Finance for Excellence in the Private Sector, was acknowledged as one of British Columbia’s Most Influential Women by BC Business Magazine in 2015 and was named one of the Women’s Executive Network’s Top 100 Most Powerful Women in Canada in 2014.

Mrs. Stuart retired in 2020 as President and Chief Executive Officer of HSBC Bank Canada after close to 40 years of progressively senior roles with the company, in Canada and abroad, including in the United States and Brazil. As the Chair of HSBC Bank Canada’s National Diversity Council, she led the development of policies and initiatives that resulted in an increase in the proportion of diversity appointments to senior executive roles and board positions. She is currently a Director of the Supervisory Board of HSBC Trinkaus & Burkhardt AG, operating as HSBC Deutschland, is a member of the Faculty Advisory Board of the University of British Columbia’s Sauder School of Business, Member of the Business Council of Canada, and a Governor of the Business Council of British Columbia.

Tamara Vrooman

Independent Director

Tamara Vrooman is a visionary leader and business executive with over 20 years’ experience. Currently, she is President and Chief Executive Officer of Vancouver Airport Authority (YVR), which operates Canada’s second busiest airport. Prior to joining YVR in 2020, Ms. Vrooman served for 13 years as the President and Chief Executive Officer of Vancity, Canada’s largest community credit union. She assumed leadership of Vancity at the beginning of the global financial crisis and is credited with having transformed the business and service model, delivering record profitability and doubling its assets. Ms. Vrooman was also Deputy Minister in both the Ministries of Finance and of Health, Secretary to the Treasury Board, and CEO of the Public Sector Employees Council for the B.C. Provincial Government.

Ms. Vrooman currently serves as Simon Fraser University’s 12th Chancellor and chairs the board of the Rick Hansen Foundation. She is the recipient of the Order of British Columbia (2019), Peter Lougheed Award for Leadership in Public Policy (2016) and BC CEO of the Year Award – Major Private Company, Business in Vancouver (2015) among many other citations.