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Fixed income

Our fixed income team at a glance

  • DGAM is one of the largest fixed income managers in Canada. We manage more than $40 billion in assets using strategies with varied risk/return profiles to suit our clients’ diverse needs.
  • Highly qualified portfolio managers with an average of nearly 20 years of industry experience.
  • Analysts specializing in corporate, provincial and municipal credit analysis.
  • A team-based approach that makes the most of specialized expertise while using a robust shared process.

Investment style and philosophy

Regardless of the investment environment, we believe that:

  • Offering wide-ranging expertise and experience is the cornerstone of added value
  • Managing fixed income investments conservatively is essential for this asset class in a diversified portfolio
  • Consistently applying our investment and risk management processes helps us achieve our clients’ objectives and generate competitive returns over the long term

Investment solutions

Money market

A top-down and bottom-up active management strategy that is primarily aimed at preserving capital and maintaining liquidity and regular income.

Short-term fixed income

An active management approach that combines top-down and bottom-up reasoning with a focus on in-depth credit analysis.

A solution aimed at providing substantial interest income with minimal market risk.

Short- and medium-term fixed income

An active management approach that combines top-down and bottom-up reasoning with a focus on in-depth credit analysis.

A multistrategy approach intended to protect capital while generating gains across economic cycles.

Fixed income universe

An active management approach that combines top-down and bottom-up reasoning with a focus on in-depth credit analysis.

A solution aimed at generating gains while demonstrating below-market volatility across economic cycles.

Government bonds

An active management approach that combines top-down and bottom-up reasoning with a focus on in-depth credit analysis of sovereign issuers.

A solution that invests in bonds with short- or medium-term maturities with the goal of preserving capital while generating gains across economic cycles.

Corporate bonds

An active management approach that combines top-down and bottom-up analysis.

Strategies that invest primarily in short- and medium-term corporate bonds and rely on an in-depth analysis of issuers to generate value across economic cycles.

Long-term fixed income

An active management approach that combines top-down and bottom-up reasoning with a focus on in-depth credit analysis.

Strategies that invest primarily in corporate and provincial bonds to maximize the portfolio's current yield.

Liability-driven strategies

An investment approach that combines top-down and bottom-up analysis based on the construction of customized portfolios to offset the investor's liabilities.

A solution that focuses on a hybrid approach that blends asset-liability matching and active investing.

Preferred shares

An active management approach based on an in-depth analysis of macroeconomic factors, credit and relative value.

A solution that focuses on acquiring high-quality diversified portfolios.

Christian Duceppe, M.Sc., CFA

Vice-President and Co-Chief Investment Officer, Public Markets

Christian Duceppe is head of investments for fixed income mandates, corporate credit, infrastructure investments and private placements. He is also responsible for tactical portfolio management and works jointly with Marc Provost to lead the tactical asset allocation group.

He joined Desjardins Group in 1994 as a portfolio manager before taking on the roles of manager and later vice-president of fixed income securities.

Mr. Duceppe has a Master's degree in finance from the Université de Sherbrooke and a Bachelor's degree in business administration from Université Laval

Christian Duceppe

Marie-Claude DesRoches, CFA

Director, Credit

Marie-Claude DesRoches leads the entire fixed-income credit analysis team, including corporate, provincial and municipal credit analysis. She is also in charge of corporate credit strategies.

Before joining Desjardins Global Asset Management in 20015, she worked as an analyst, an advisor on financing in domestic and international markets, a derivatives coordinator and a director of long-term funding at Quebec’s Ministry of Finance.

Ms. Desroches holds a Bachelor’s degree in business administration from the Université de Sherbrooke.

Marie-Claude DesRoches

Jocelyn Bissonnette, M.Sc., CFA

Portfolio Manager

Jocelyn Bissonnette acts as a portfolio manager in active mandates and participates in managing overlay portfolios. He is also responsible for monitoring and analysis of the economic environment and collaborates in interest rate risk management.

Mr. Bissonnette began his financial career in 2005 at Desjardins Global Asset Management, and then worked as a consultant at S.E.P.E.P. in France. He has held his current position since 2007.

Mr. Bissonnette has an M.Sc. in Economic Sciences from Université du Québec à Montréal and a Bachelor of Business Administration specializing in quantitative management methods from HEC Montréal.

Jocelyn Bissonnette

Robert Blais, MBA, CFA

Portfolio Manager, Alternative Investments

Robert Blais is responsible for managing alternative investments, including investments in private placements. He has been with Desjardins Group since 2010, and has participated in business development and supporting partnerships and acquisitions, as well as investments in the area of private placements.

Before joining Desjardins Global Asset Management in June 2015, Mr. Blais held several different management positions at SNC-Lavalin Capital, Professionals Fund Inc., and the Caisse de dépôt et placement du Québec. He has worked in the financial industry since 1990.

Mr. Blais has an MBA from Ivey Business School, Western University and a Bachelor’s degree in Engineering (mechanical/aeronautical) from Polytechnique Montréal.

Mathieu Bouthot, CFA

Portfolio Manager

Mathieu Bouthot participates in managing all money market mandates and treasury management for bond mandates. He is assigned to manage short-term mandates and specializes in overlay portfolio management and in monitoring and analysis of trends in bond rates.

Mr. Bouthot joined Desjardins Global Asset Management in 2003, first as a settlement officer and then as a performance consultant. He has held his current position since 2008.

Mr. Bouthot has a Bachelor of Business Administration from HEC Montréal.

Mathieu Bouthot

James Burdick, CFA, FRM

Portfolio Manager

James Burdick manages fixed income LDI mandates for life insurance companies and specializes in tracking the provincial securities market. Mr. Burdick began his career in 1987 as a savings representative at Desjardins Trust and then became a fixed income and money market trader. He joined Desjardins Group in 1996.

Mr. Burdick has a Bachelor of Business Administration from Concordia University.

James Burdick

Simon Garneau, M.Sc.

Portfolio Manager

Simon Garneau manages several fixed income mandates, including active Universe and long-term mandates. He collaborates in the team’s decision-making processes with his expertise in monitoring and analysis of the global economic environment. Before joining Desjardins Global Asset Management in 2003, Mr. Garneau worked as an institutional representative at Caisse centrale Desjardins and an economist at the Fédération des caisses Desjardins. He then worked at J.P. Morgan as an associate in structured products. He has worked in the financial industry since 1995.

Mr. Garneau has an M.Sc. and a B.Sc. in Economic Sciences from Université Laval.

Simon Garneau

Alain Rhéaume, M.Sc., CFA

Portfolio Manager

Alain Rhéaume manages LDI mandates for various life and general insurance companies, indexed fixed income mandates and preferred share mandates. He contributes to overlay portfolio management and specializes in managing provincial securities and foreign currency.

Before joining Desjardins Global Asset Management in 2005, Mr. Rhéaume worked at Hydro-Québec as a financial engineering advisor, and then at SITQ as a planning and financial engineering advisor. He has worked in the financial industry since 1997.

Mr. Rhéaume has an M.Sc. in Finance and a Bachelor of Business Administration from Université de Sherbrooke.

Alain Rhéaume

Francis Scott, CFA

Portfolio Manager

Francis Scott manages a number of fixed income mandates. He is assigned to managing active Universe and Corporate portfolios. He specializes in monitoring and analysis of Canadian corporate securities valuations.

Before joining Desjardins Global Asset Management in 2007, he held the position of Director, Fixed Income at Optimum Asset Management. He has worked in the financial industry since 2000.

Mr. Scott has a Bachelor of Business Administration, Finance profile, from HEC Montréal.

Francis Scott

Frédéric Viens, CFA

Portfolio Manager

Frédéric Viens is responsible for management of LDI mandates for life and general insurance companies, indexed portfolios and preferred shares. He is involved in monitoring and analysis for the provincial sector. Mr. Viens started his career in finance in 2011, at Desjardins Global Asset Management.

Mr. Viens has a graduate diploma in Finance and a Bachelor of Business Administration, Market Finance profile, from HEC Montréal.

Frédéric Viens

Geneviève Bachand, M.Sc., CFA

Analyst, Corporate Credit

Geneviève Bachand is responsible for analysis in the financial (banks and insurers), communications and retail sectors. Before joining Desjardins Global Asset Management in 2008, Ms. Bachand held analyst positions at Lévesque Beaubien Geoffrion, National Bank Financial, the Caisse de dépôt et placement du Québec and Hydro-Québec. She has worked in the financial industry since 1998.

Ms. Bachand has an M.Sc. in Finance from Université de Sherbrooke and a Bachelor of Business Administration from Université du Québec à Montréal.

Geneviève Bachand

Éric Lacombe, M.Sc., CFA, FRM

Analyst, Corporate Credit

Éric Lacombe is responsible for analysis in the energy, real estate and public utilities sectors. Mr. Lacombe started his career in finance at National Bank of Canada before moving to Montrusco Bolton as a credit analyst and portfolio manager. He joined Desjardins Global Asset Management in 2009 and has worked in the financial industry since 1997.

Mr. Lacombe has an M.Sc. in Finance and a Bachelor’s degree in Economics from Université de Sherbrooke.

Éric Lacombe

Philippe Mercier, M.Sc., CFA

Analyst, Corporate Credit

Philippe Mercier is responsible for analysis in the Automotive, Industrial and Infrastructure sectors as well as government sector issuers. Before joining Desjardins Global Asset Management in 2014, Mr. Mercier worked for a year as an associate with TD Commercial Banking.

Mr. Mercier has an MBA – Finance and a Bachelor of Business Administration from Université Laval.

Philippe Mercier

Interested in our fixed income solutions?

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Get more information

By email

By phone

Montreal area: 514-350-8686, ext. 5570025
Elsewhere in Canada and the U.S.: 1-877-353-8686, ext. 5570025

By mail

DGAM Client relationship management
1, complexe Desjardins
Tour Sud, 20e étage
C. P. 153, succursale Desjardins
Montréal (Québec) H5B 1B3

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