The Colleges of Applied Arts and Technology (CAAT) Pension Plan is pleased to announce the appointment of Sabeen Purewall and Haris F. Sardar, FSA, FCIA as Directors, Pension Solutions.

Both will be integral members of the CAAT Pension Solutions team, supporting the non-profit's mission of bringing lifetime retirement security to more workplaces across the country. They report to Marnie Niemi Hood, Vice President, Pension Solutions.

Sabeen Purewall

With more than 18 years of financial services experience, Sabeen brings a strong track record of relationship development in asset servicing, including developing tailored solutions on behalf of Canadian pension plans. Sabeen joins CAAT from CWB Trust Services where he was responsible for the notable growth of the firm’s corporate trust segment and previously held increasingly senior positions with CIBC Mellon’s relationship development team. Sabeen holds a Bachelor of Arts from the University of Windsor.

Haris F. Sardar, FSA, FCIA

As an actuary, Haris brings 16 years of experience in the pension consulting industry to CAAT, joining from Aon, where he worked as an Associate Partner. In his previous role, Haris provided solutions for clients with multi-jurisdictional defined benefit and defined contribution pension plans on a diverse range of projects. His specialties include strategic pension consulting with respect to funding, accounting, plan design, de-risking, and overall navigation of pension plans in the ever-changing legislative environment. Haris graduated from The University of Western Ontario with an honours degree in Actuarial Science and Statistics. He qualified as a Fellow of the Society of Actuaries and as a Fellow of the Canadian Institute of Actuaries in 2012 and currently volunteers on the academic committee of the Society of Actuaries.

About the CAAT Pension Plan

Established in 1967, the CAAT Pension Plan is an independent, jointly governed plan that offers two designs of a defined benefit pension. CAAT's award-winning DBplus plan design is leading an extraordinary pace of growth for the Plan. Originally created to support the Ontario college system, the CAAT Plan now proudly serves more than 200 participating employers from various sectors including the for-profit, nonprofit, and broader public sectors. Currently, it has over 75,000 members. The CAAT Plan is respected for its pension and investment management expertise and, as a non-profit, focuses on stability and benefit security. As at January 1, 2021, the Plan was 119% funded on a going-concern basis with $15.8 billion in net assets, $3.3 billion in funding reserves, and a 10-year annualized net rate of return of 9.9%.