Viewpoints by Steve Bélisle, CFA, at Manulife Investment Management
Steve is a senior portfolio manager with the fundamental equity team and is responsible for its Canadian core equity strategies. He began his career at Standard Life Investments as a research assistant following his involvement in a Standard Life portfolio managed by business school students. Steve joined Manulife Investment Management when Standard Life's Canadian operations were acquired by Manulife in January 2015. Steve holds the Chartered Financial Analyst designation.
- Education: B.B.A., Business Administration; M.Sc., Finance, HEC Montréal
- Joined the company: 2015
- Began career: 2003
Bank on it: the state of Canadian financial institutions in the wake of bank failures abroad
The financial community was rocked by a string of bank failures in March. The failures of Silicon Valley Bank and Signature Bank in the United States could have been seen as isolated events, given their significant ties to the tech community that had seen a major downturn in recent months. But investors were rattled even further when Credit Suisse, one of the 30 global systemically important banks, was acquired by rival UBS to prevent the former’s collapse, followed weeks later by the collapse of First Republic Bank, which became the second-largest bank failure in U.S. history. The banking community was put on notice, including in Canada, where banks play a huge role in our economy.Read more