2023 Community Trust Annual Report
The 2023 Community Trust Annual Report is now available to download: 2023 FRCN Community Trust Annual Report-FINAL revised
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Community Trust
Fisher River Cree Nation (“FRCN”) and the Federal Government of Canada entered into a Consent Settlement Order, dated April 23, 2021, with respect to the 1896 Alienation Specific Claim. This secured FRCN’s long outstanding right to compensation for the failure to ensure that the Southeast Addition and Southwest Addition were set aside as reserve land. FRCN established the Fisher River Cree Nation Community Trust (the “Trust”) to receive the monies settled into the Trust Account for purposes of promoting the long-term benefit of FRCN and its Members. The Fisher River Cree Nation Community Trust Agreement was approved by a Ratification Band Council Resolution and signed by
a Board of Trustees dated August 6, 2021 to formally establish the Trust. The settlement payment of $10,500,000 was deposited into the Trust Account on November 16, 2021 which officially creates the Effective Date of the Trust.
“Fisher River Cree Nation has established this Trust for the purpose of promoting the long-term benefit of the FRCN and its Members.” – FRCN Community Trust Agreement Article 2.1
Early in 2021, Chief and Council initiated the development of the Community Trust by establishing a Board of Trustees who have a fiduciary duty to act in the best interests of the Beneficiary and whom have legal ownership of the Trust Property. The Board of Trustees is made up of two (2) on-reserve and two (2) off-reserve Community Member Trustees and a Corporate Trustee.
Investment Governance
To ensure the goals and objectives of the Trust Agreement for capital growth and protection of the Trust Property. T.E. Wealth was retained as the Trust’s Investment Consultant and established the Trust’s governance structure in December 2021. The Trustees and Chief and Council, in consultation with the Investment Consultant, approved a Statement of Investment Policy and Guidelines (“SIP&G”) that provides the investment goals, objectives, and rules of the Trust’s investments. A competitive interview search was conducted in 2021 to select two Investment Managers to achieve the investment strategy goals. Fiera Capital Corporate and Beutel Goodman Investment Counsel, being two top tier global Investment Managers, were retained to manage the Trust’s investments.
Community Trust News
2022 Community Trust Annual Report
The 2022 Community Trust Annual Report is now available to download: Fisher River Cree Nation Community Trust - 2022 Annual Report-FINAL
2022 Annual Trust Membership Meeting | May 24, 2022
We invite Membership to come meet your Board of Trustees & learn about your Trust! WHERE: Community Hall WHEN: Tuesday, May 24th, 2022 START: 5:00PM - 8:30PM AGENDA Overview of your Trust Agreement 2021 Annual Report & Audited Financials Investment Update Trust Logo Contest Winner Upcoming for 2022 **LIVESTREAM WILL BE AVAILABLE FOR THOSE WHO CANNOT ATTEND IN-PERSON**
Board of Trustees Report on Trust Activity, Trustee Biographies and Logo Contest (Community Trust)
Introducing the Fisher River Cree Nation Community Trust – Board of Trustees Fisher River Cree Nation Chief & Council are excited to introduce the Board of Trustees of the Fisher River Cree Nation Community Trust. The Board of Trustee has a team of 5 trustees made up of 4 Community Trustees, represented by 2 On-Reserve and 2 Off-Reserve Members, and FNB Trust as the Corporate Trustee. Supporting the Board of Trustees is TE Wealth as the Investment Advisor. Check below […]
OFFICIAL: Fisher River Cree Nation and the Government of Canada settle long-standing claim
FISHER RIVER CREE NATION, MB, May 20, 2021 /CNW/ – Working collaboratively to renew nation-to-nation relationships and honouring Canada’s legal obligations to First Nations are key to righting historical wrongs and advancing reconciliation with First Nations in Canada. Today, Chief David Crate and the Honourable Carolyn Bennett, Minister of Crown-Indigenous Relations, announced a major step forward on the path of reconciliation through the resolution of the Fisher River Cree Nation’s 1896 Alienation Specific Claim. This long-standing specific claim concerns Canada’s role in the alienation of land set aside for the Fisher […]
Board of Trustees
Vacant – Community Trustee (resides on-reserve)
Jeremy Neault – Community Trustee (resides on-reserve)
Jeremy is your on-reserve Community Member Trustee serving year 2 of his 2-year term. He has over fifteen years of Business Administration in different fields such as economic development, retail, sales, management, and human resources. Currently, he owns & manages his own business, Neault Marketing Solutions since 2015 and works with various indigenous communities and organizations in Manitoba and Saskatchewan.
Jeremy is proud to be a trustee and is working to ensure that the Community Trust is there for future generations.
Taylor Wilson – Community Trustee (resides off-reserve)
Taylor Wilson is the youth-representative and one of two off-reserve Trustees. She currently resides in Winnipeg where she works as a Project Coordinator at the Winnipeg Boldness Project. She is a skill Indigenous researcher and evaluator and has worked on various projects at the University of Winnipeg, the University of Manitoba, Red River College Polytechnic, and the South Australian Health and Medical Research Institute. Much of her research and evaluation work focuses on Indigenous issues in Canada and ranges from health and wellbeing, economics, policy, education, and social services. Taylor also holds a Master’s Degree in Development Practice with a focus on Indigenous Development, a Bachelor of Arts in Cultural Anthropology and a Bachelor of Arts in Conflict Resolution from the University of Winnipeg.
Taylor has spent time living in Fisher River Cree Nation but has spent the last several years in Winnipeg to pursue her education. It is important to Taylor to stay involved in Fisher River while simultaneously working on her goals. To do so she has been involved in several research projects in Fisher River, most recently the Fisher River Cree Nation Cookbook that was released with the University of Winnipeg. When the opportunity to become a Community Trustee came up, Taylor jumped on the opportunity to be involved and is excited to play a role in setting up and maintaining the trust for future generations of the community. She hopes to bring a fresh perspective and the knowledge and skills she’s gained over her years of work and education to the trustee team.
Edward Kidd – Off-Reserve Trustee
Edward Kidd is one of the two Community Trustees that resides off-reserve of the community of Fisher River Cree Nation. Edward is originally from Fisher River Cree & Peguis First Nation. He was raised in Halifax, Nova Scotia but returned to his Manitoba roots in the late 80’s in search of his biological family. After locating his family, he considers himself fortunate that he has been able to experience the joys and discover the bonds that a large Indigenous extended family has to offer.
Edward received his post-secondary education in Winnipeg and has completed a variety of courses at the University of Winnipeg and the Manitoba Emergency Services College. He has also received a diploma in Micro-computing Applications from Red River College. Edward worked for 4 years with the federal government in the Employment Services Department, RBC Royal Bank where he attained the position of Bank Manager, and North Eastman Health Authority as an Emergency Medical Responder student.
Edward has worked with the Centre for Aboriginal Human Resources Development (CAHRD) as their Marketing/Employer Representative. This position provided him with the opportunity to network, reconnect and re-establish the bonds that he previously enjoyed with the Indigenous community of Winnipeg, Manitoba. Edward was the first Executive Director for the Aboriginal Chamber of Commerce of Canada, RBC Bank Manager and worked as the Regional Manager for Western Canada-Aboriginal Markets for CIBC. After 20 years he decided to start the Kidd Group, a Banking facilitator/banking consultant company along with Vickar Automotive Group to bring his experience and education to advise Indigenous clients in financial literacy through transfer of knowledge. Edward looks forward to furthering the goals and promoting the economic entrepreneurial and business endeavours of the Indigenous people across Canada.
A proud father, Edward’s pride and joy are his four children (3 daughters and a son) and 9 grandchildren.
Priscille Buors – Corporate Trustee (FNB Trust)
Priscille Buors is the Senior Trust Officer at FNB Trust, located in the Winnipeg office of the First Nations Bank of Canada. She is the Corporate Trustee on the Board of Trustees for Fisher River Cree Nation Community Trust and many other Indigenous trusts. She provides best in class, proactive and personalized trust client experience to Indigenous trusts with a focus on capacity building, technical experience, and developing trusted relationships.
Priscille is a proud Metis woman from the community of St. Laurent, MB. She holds the professional designation of a Charter Professional Accountant (CPA) since 2008 and the Certified Aboriginal Financial Manager (CAFM) through AFOA Canada since 2019. Priscille has over 12 years of professional accounting experience in her previous employment opportunities in the Indigenous sectors within Manitoba Hydro and as a Senior Manager at the First Nations Financial Management Board (FMB). At FMB, she led a team of professionals to build capacity with First Nations across Central Canada in finance and governance practices with an end goal to achieve certification. It is within Priscille’s personal passion to contribute to her Indigenous community with the skill set she has obtained!
Suzanne Trottier – FNB Trust
Suzanne Trottier is the Vice-President of Indigenous Trust Services with First Nations Bank of Canada’s wholly owned trust company, FNB Trust. She leads a dedicated team that provides trust structuring and administration services to Indigenous governments and organizations. Suzanne is a proud Métis who grew up in Manitoba with maternal roots to the Lake Manitoba First Nation.
Previously, Suzanne was the Director of Capacity Development and Intervention with the First Nations Financial Management Board and a Vice-President with Ernst & Young Corporate Finance Inc. Active in her community, she is the vice-chair of the InBC Investment Corp. board of directors, board member (risk and audit committees) of the Business Development Bank of Canada, and advisory committee member of the Martin Family Initiatives. Suzanne was also Treasurer for North Fraser Métis Association and Actions Enfance, and a board member of Aboriginal Finance Officers Association of Quebec. Suzanne was a member of the National Financial Literacy Committee and the National Indigenous Financial Literacy Committee. She is a Chartered Financial Analyst and an ICD.D with the Institute of Corporate Directors. Suzanne holds a Master of Business Administration in finance from the University of Western Ontario and a Bachelor of Arts from the University of Manitoba.
FNB Trust - Corporate Trustee
FNB Trust is your Corporate Trustee, as represented by Suzanne Trottier and Priscille Buors. We are humbled to serve as your Corporate Trustee of the Fisher River Cree Nation Community Trust in partnership with the talented Community Trustees.
As your Corporate Trustee, it is our responsibility to uphold the legal terms and conditions set out in the Trust Agreement, including the governance structure of the Board of the Trustee. We support the Board of Trustees to make informed decisions. FNB Trust administers the day-to-day operations of the Trust, which includes quarterly financial reporting, Trust Account payment administration, monitor the investment results and record and store Trust documents such as meeting minutes.
With over 50 years of combined trustee and trust service experience, we support to ensure the Trust Agreement objectives of long-term sustainability and transparency and accountability to the Members are met. We only serve Indigenous trust clients, have only Indigenous employees and are focused on supporting the Fisher River Cree Nation to govern your Trust.
T.E. Wealth – Investment Advisor
T.E. Wealth is a national firm with roots going back over 45 years to 1972. Our dedicated Indigenous Services practice has been providing comprehensive investment and trust advisory support for over 20 years. Their primary objective is to assist clients in achieving sustainable Community wealth to ensure a prosperous, healthy and culturally-vibrant community.
Jack Jamieson, Vice President, Indigenous Services
Having founded the practice 24 years ago, Jack works exclusively with Indigenous Communities and Jack currently serves on the National Advisory Board for the National Aboriginal Trust Officers Association (NATOA) and through T.E., he is a partner member of the Aboriginal Financial Officers Association (AFOA) and an Achievement Award recipient of AFOA. He has authored articles for the Journal of Aboriginal Management and is a regular speaker at Indigenous conferences across Canada. Prior to joining T.E. Wealth, Jack leads the Investment Advisory practice for Ernst & Young in S.W. Ontario.
Kain Big Canoe, CPA, Assoc. Vice President, Indigenous Services
Kain is a member of the Chippewas of Georgina Island First Nation and is a Charted Professional Accountant (CPA) formerly of Deloitte Canada. In addition to being a Senior Manager of our Indigenous Advisory practice, Kain brings with him a solid expertise in the planning, development and implementation of effective investment and trust solutions. In addition, he has experience in conducting working sessions with Indigenous communities to provide an understanding of economic development strategies. He also has experience in providing financial literacy training workshops to community youth.
Fisher River Cree Nation is a community in which our history, language, traditions, and culture are paramount to who we are as a people. We will protect and maintain the spirit and intent of the treaties and our inherent rights. Fisher River will be a self-sustaining progressive community with a strong and accountable government. We will provide an environment where all people are healthy, safe, and respected.
CONTACT US
- 204.645.2171
- Box 367, Fisher River, MB R0C1S0
- Media Inquiries - [email protected]