Long-Term Investment Organization (LTIO)
Christian Racicot is the founder and CEO of the Institutional Investors Roundtable (“IIR”) >>, where he also sits on the Board of Directors. Created in 2011, the IIR is a not-for-profit, independent, apolitical and by-invitation-only platform for the world’s leading global asset owners (mainly pension plans and sovereign wealth funds) to identify and collaborate on private market investment opportunities and challenges of long-term strategic importance for them. As of October 2019, the IIR comprised over 45 asset owners with collective assets exceeding US $13 trillion, representing over 75% of the institutional capital available for long-term investment in the world.
He is also the founding CEO of the Long-Term Investment Organization >> , a not-for-profit, independent and apolitical organization created on the initiative of the IIR whose mission is to foster collaboration among global asset owners, national governments, philanthropic organizations and other non-commercial organizations around investment strategies essential to long-term sustainable economic development that require large-scale, long-term capital such as: investments and disruption arising from climate change, need for new infrastructure worldwide (“infrastructure gap”), global threats around healthcare, food and water challenges and investments required in assets underpinning the economic development of developing economies, etc..
Prior to establishing the IIR and the Long-Term Investment Organization, Christian was a partner at BCF LLP, a leading Canadian law firm based in Montreal and Quebec City of which he founded the Quebec City branch in 2001, and where he was specializing in commercial and corporate law.
He received a Bachelor of Laws from Laval University (Quebec) in 1983 and was admitted to the Bar of the province of Quebec in 1985. He also received a Master in Business Administration (MBA) from the Richard Ivey School of Business (University of Western Ontario, Canada) in 1989.
Christian is a member of the Sustainable Markets Council created in September 2019 by His Royal Highness The Prince of Wales in collaboration with the World Economic Forum in response to the increasing threats posed by climate change and biodiversity loss.
Ashby Monk is the Executive and Research Director of the Stanford Global Projects Center. He is a member of the Future of Finance Council at the CFA Institute. Monk is also the Head of Institutions at Addepar and co-founder of FutureProof Technologies and Long Game Savings. He holds a Doctorate in Economic Geography from Oxford University, a Master’s in International Economics from the Universite de Paris I – Pantheon Sorbonne and a Bachelor’s in Economics from Princeton University.
Gilles Duruflé is presently Content Director; Head of Climate Change Initiative for the Institutional Investors Roundtable (IIR). He was until 2019 Executive Vice President of the QCC and President of the TIP Ecosystem Building Forum (formerly Public Policy Forum on Venture Capital and Innovation). He was until 2004 Senior Partner at CDP Capital Technology Ventures, the venture capital subsidiary of the Caisse de dépôt et placement du Québec, in charge of the Funds of Funds portfolio, investing in North American and European VC funds. He was previously Head of strategic studies at the Caisse de dépôt et placement du Québec. From 1979 to 1991, he worked as Senior Partner in strategic consulting firms in the CDC Group (Caisse des dépôts et consignations, Paris) in Africa, Europe and North America. He sits on the Board of the Quebec City Conference. Dr Duruflé obtained his Masters in Philosophy from the CERP (Paris), his Ph.D. in Mathematics from the Paris VI University and the Diploma of the Centre d’Études des Programmes Économiques (Ministry of Finance, Paris). He is a CFA and has published numerous books and articles on various subjects related to economics and finance.
Gordon, based in Switzerland, is a Content Director for the Institutional Investors Roundtable and the FIRCAP. He has extensive experience in the financial services industry, with a focus on corporate and investment governance. Most recently, he was CEO of the Australian Council of Superannuation Investors (ACSI), based in Melbourne. ACSI provides governance research and ownership services to Australian and international pension funds managing more than $1.8 trillion on behalf of 18 million fund members. Prior to leading ACSI, Gordon was Head of ESG Risk Management at the Future Fund, the Australian Government’s $160 billion sovereign wealth fund. His other experiences include working for the United Nations Environment Programme in Geneva, where he played a key role in creating the UN-backed Principles for Responsible Investment. Gordon was also employed as an investment consultant in Zurich, and as an investment banking analyst with Greenhill & Co. in London. In addition to his executive roles, Gordon is a member of the board of the Australian Government’s Antarctic Climate & Ecosystems Cooperative Research Centre. He holds Bachelor’s and Master’s degrees in geophysics from the University of Cambridge, United Kingdom.
Mr. Uday Khemka is Vice-chairman of the SUN Group of Companies, a diversified family-owned, investment and industrial group headquartered in India with activities in varied emerging markets in the natural resource, energy, real estate, electronics and investment management sectors. Prior to the SUN Group, Uday worked at Credit Suisse First Boston and Morgan Stanley in London and New York and then established and headed up Morgan Stanley’s activities in India. Uday has been on the boards of all SUN Group companies and has been responsible for the establishment of the investment management activities of the group. Mr Khemka currently leads the SUN Group’s activities in the new energy and transportation sectors which today include initiatives in electric mobility, EV infrastructure, solar energy, energy storage and clean tech investment themes.
Uday also co-chairs the Nand and Jeet Khemka Foundation which focusses on a variety of developmental themes including education, public health and governance. In 1992, at COP1 in Rio, he established the Foundation’s climate change mitigation and renewable energy policy initiative, making the foundation one of the earliest Indian philanthropic organisations to concentrate on this area. In this capacity he has led the foundation’s specific focus on policy to help catalyse large scale institutional investment into renewable energy in the emerging markets, an area that has included the foundation’s role as the principal financial sponsor in the inception of the Prince of Wales’ P8 group as well as the foundation’s initiatives in this area in the context of the COP process.
In continuance of this focus, Uday co-chaired the Clean Energy Finance Forum (CEFF) jointly established by Prime Minister Modi and President Obama to catalyse investment towards India’s 175 GW clean energy target for 2022.
Uday is on the Board of Governors of the Indian School of Business, the Public Health Foundation of India and of the Climate Group in India and has been elected a Young Global Leader at the World Economic Forum in Davos.
Educated at Eton College and Cambridge University, Uday received an MBA with distinction from Harvard Business School (Baker Scholar).
Impact-driven global executive, board advisor and business angel with focus on net-zero transformation in mobility and energy industries. Built deep experience in multi-stakeholder (public-private; across entire value chain) dialogue in eight years as Member of Executive Committee/Head of Mobility & Transport Platform of World Economic Forum and Managing Director of the European Climate Foundation. Created impactful initiatives anticipating and capturing global change, such as “Clean Skies of Tomorrow” or the “Circular Car Initiative”.
As a growth minded leader, a serial track record in building and inspiring global teams across geographies and divisions. In all major career positions – from McKinsey to DB Schenker, European Climate Foundation to World Economic Forum, proven ability to grow the business by a factor of at least three.
As Chemical Engineer and Economist/MBA, deep expertise on “Climate Technologies/Infrastructure” incl. batteries, hydrogen, carbon removal, nature-based solutions and the role of finance in making the transition happen. Long track record in Asia, in particular India and China, also South East Asia and Middle East.
Sixteen years at McKinsey & Co. as Senior Partner and Global Head of Travel & Logistics Practice and subsequent CEO and Executive Board positions at DB Schenker Rail, Solar Millennium/Ferrostaal and ABB/Novatec laid the base for global leadership roles. Deep expertise in “Innovative Business Models and Digitization” e.g. through “Mobility as a Service (Maas)” through Commercial Fleets, Autonomous Vehicles, Micromobility, Data-driven Business models for Clean Air and Road Safety, Smart Cities or “Urban Air Mobility”/”Drone-enabled Medicine from the Sky”. Key interest is Global Supply/Value Chain resilience in the age of geopolitical tensions, pandemics and digitization. Innovative business models are the focus of a range of Board/Investor roles in start ups such as Nuventura, Cleanmax Solar, MoEVing, Fahrenheit, Ampard etc.. “Innovative business models and digitization” are also in the center of assignments as Professor at the Universities of St. Gallen, Cologne and now University of California at Davis, teaching and researching “Future of Mobility”.