Morneau Shepell Asset & Risk Management ("MS ARM") is a wholly owned subsidiary of Morneau Shepell Inc. (“Morneau Shepell”) a leading provider of technology-enabled HR services that delivers an integrated approach to well-being through its cloud-based platform, and includes diverse business lines covering Health and Benefits, Administrative Outsourcing, Asset and Risk Management, and Retirement and Pension Consulting. Morneau Shepell is a public company trading on the Toronto Stock Exchange (MSI:TSX). Throughout this report reference to MS ARM may also include Morneau Shepell, where the context requires it.