Nicolas G. Chevalier, CFA is a Partner of Pembroke Management Ltd. where he is also a Portfolio Manager. He graduated from HEC at the Universit de Montral in 1992 with a BAA and he obtained his Master in Business Administration degree from the University of Illinois in 1994. He received his Chartered Financial Analyst designation in 1997. He worked for the Caisse de dp(tm)t et placement du Qubec as a research analyst prior to joining Pembroke in 1997.