Profiting from a U of L friendship

trevor.kenney — Wed, 15 Apr 2009 17:53:13 +0000

Sometimes the best-laid plans never see the light of day. Sometimes, they just need a little more time on the shelf.

Russ MacKay (BMgt '90) and Anil Tahiliani (BMgt '90), graduates of the ��Ѹ��Դ��߿�Ƭ of Lethbridge's Bachelor of Management program, are now senior partners at McLean & Partners, one of Canada's most respected, high net worth private-client wealth management firms. But it was back in 1990 where a friendship and future working relationship was cemented while writing a business plan to open a convenience store in the yet-to-be-built Students Union Building at the U of L.

"The project-based group work in the Bachelor of Management program is what cemented the relationship, both personal and professional, between Anil and myself, and this is what brought us back together 10 years after grad," says MacKay, noting the plan they developed was never enacted. "Now look at us: we work 10 feet apart from one another."

The route the two took after graduating from the U of L was divergent at first but with their degrees intact, it provided each with a wealth of opportunity.

MacKay initially pursued a career in media, working his way to sales manager at two Lethbridge radios station while Tahiliani moved on to the Alberta Treasury Finance Department.

After four years in media, MacKay moved to Calgary, launching a new career with the investment firm Burns Fry. His career in the high net worth investment industry continued to the point where he became a founding partner of McLean & Partners Wealth Management.

Tahiliani took a decidedly different path. One year into his career with the provincial government, he took a brief eight-month leave of absence to complete an MBA, returning to the Alberta Treasury Investment Management Department.

When Tahiliani left in 1994, he was recognized as the youngest manager in their history. From there, he moved on to an analyst position with Bissett and Associates, before moving to Phoenix in 1997 as CFO for a nutritional health-care provider. After completing both a CFA (Chartered Financial Analyst) and CIM (Canadian Investment Manager) designation, Tahiliani moved on to build his own company, a two-year old start-up ISP, which became a highly successful business before it was purchased by NetZero.

In 2000, Tahiliani returned to Canada and reunited with his former study partner, this time creating a business plan with real dollars at stake. Starting with $275 million in assets, he, MacKay and the firm put the plan to the test. It passed, as over the next eight years, McLean & Partners would grow into one of Calgary's most recognized investment practices, with over $1 billion in assets. It all started at the U of L.

"I liked the ��Ѹ��Դ��߿�Ƭ of Lethbridge for the ability to make lifelong friends, such as Russ," Tahiliani says. "The liberal arts environment gave me a much more rounded education not typically found in the finance world. I now feel I have a more complete view of the world, and this greatly helps me working for a firm that specializes in global investing."

GET THE FACTS

• Both MacKay and Tahiliani met their future wives on the U of L campus. MacKay married Karen McCune (BEd '87), while Tahiliani married Terry Bourassa (BEd '89)

• While in the media business, MacKay worked as sales manager at Monarch Broadcasting and Shaw Communications

• Tahiliani was brought into McLean & Partners in 2000 when the firm created a research department, and he was recruited as the Head of Research

U of L competes at CMA event

trevor.kenney — Tue, 10 Mar 2009 15:12:04 +0000

CALGARY, AB – Five business students from the ��Ѹ��Դ��߿�Ƭ of Lethbridge competed in Certified Management Accountants (CMA) Alberta's first-ever Board Governance Competition, Mar. 5-6, in Calgary.

The students analyzed a governance case, based on a fictitious not-for-profit company, and presented their recommendations to a judging panel of esteemed Alberta business leaders which included: Jim Dinning, Chair Federal Export Development Corporation, Randy Garvey, FCMA, Executive VP, Corporate Support, Canadian Western Bank, Geeta Tucker, FCMA, CFO, Agriteam Canada Consulting Ltd., and Chris Good, CMA, CFO & General Manager, Corporate Services, City of Calgary.

CMA Alberta created the Board Governance Competition to give post-secondary students a practical understanding of board governance and the important role it plays in an organization. The competition also included a Board Governance 101 workshop led by Dr. Chris Bart, founder, principal and lead professor of The Directors College and a leading board governance expert. Bart's presentation focused on governance fundamentals and the importance of maintaining a positive relationship between management and a board of directors.

"Business students have been kept in the dark for too long about the workings of boards and how directors should effectively govern their organizations and CEOs," says Bart. "Since many grads are likely to sit on a not-for-profit board early in their careers, the competition provided an exceptional opportunity to expand their knowledge and business acumen."

The students had seven hours to develop their case and put together a presentation to deliver to the judging panel. Twelve teams participated in the competition, with the top three teams going to the final round. The U of L team failed to place in the top three. The ��Ѹ��Դ��߿�Ƭ of Alberta took home the grand prize of $10,000; Mount Royal College placed second and received $5,000; and MacEwan College placed third and received $2,000.

"The calibre of the presentations was exceptionally impressive," says Joan Bedard, Director of Member Services and Events for CMA Alberta. "The competition was intense, but each team rose to the challenge and presented a professional, well-delivered case analysis to the judging panel."

UNews - CFO

Profiting from a U of L friendship

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U of L competes at CMA event

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