Labrador Inuit Capital Strategy Trust

The Labrador Inuit Capital Strategy Trust (LICST )was created by the Nunatsiavut Government in 2006 to:

“Provide financial, management, economic, and other assistance for the pursuit of economic and socio-economic strategies that establish, promote, assist, or otherwise foster employment, business and other relationships and undertakings which enable or are intended to enable Eligible Beneficiaries to gain or acquire additional experience, knowledge, skills, assets and property of any kind having economic value”

LICST provides independent oversight over the Nunatsiavut Government’s business interests held by the holding company Nunatsiavut Group of Companies.  The LICST is able to carry out its broader mandate with funding from the earnings of Nunatsiavut Group of Companies.

There are five Trustees, each of who are Nunatsiavut beneficiaries and appointed by the Nunatsiavut Government.

The Trustees are:

Clint Davis, Chair

President and CEO of the Canadian Council for Aboriginal Business (CCAB). The CCAB is a national non-profit organization that offers top quality programs that help facilitate collaboration between the Canadian business sector and First Nation, Inuit, and Métis people.

Clint has a Bachelors of Business Administration from Acadia University, a Bachelors of Laws from Dalhousie University and a Masters of Public Administration from Harvard University. He is a Canada-U.S. Fulbright scholar and the recipient of multiple scholarships including two awards from the National Aboriginal Achievement Foundation as well as the Fred C. Manning Entrance Scholarship at Acadia University.

Clint has a diverse professional background. He was a lawyer in St. John’s, Newfoundland and Labrador with a mid-sized law firm. He entered the public service at the Department of Indian Affairs and Northern Development Canada where he served as an Analyst in land claim negotiations in British Columbia and later as a Senior Advisor to the Minister in Ottawa. Clint was a Senior Analyst with the federal Treasury Board Secretariat before joining BMO Financial Group.  He was appointed the National Director for Aboriginal Banking at BMO in July 2005.

In his spare time, Clint is a member of the Advisory Committee on Aboriginal Economic Development for the Minister of Aboriginal Affairs, Government of Ontario. Clint is also on the Advisory Board for The Belinda Stronach Foundation. He is a member of the Advisory Board for the Mowat Centre for Policy Innovation and a member of the Aboriginal Advisory Committee for Toronto 2015 Pan/Parapan American Games. He is also a weekly blogger for the Financial Post, which can be found at

Clint lives in the beautiful east Toronto neighbourhood of Leslieville with his wife Hillary Thatcher and their two children.

Isabella Pain

Isabella Pain is a beneficiary of the Labrador Inuit Land Claims agreement. She was born and raised in Nain, Nunatsiavut.  Upon completion of high school in Nain she went on to attend Memorial University of NL. She received a Bachelor of Arts with a major in Political Science and a minor in Business.

In 1991 Isabella returned to Nain and was hired by the Labrador Inuit Association as a member of the land claims negotiation team.  In 2000, she was appointed as the co-chief negotiator of the land claims team and in 2001 also became the chief negotiator of the Impact and Benefits Agreement (IBA) with Voisey’s Bay Nickel Company (VBNC). The IBA was completed and ratified by members of LIA in 2002. The Labrador Inuit Land Claim agreement came into effect on December 1 2005.

Isabella went to work for VBNC in 2004 as the Aboriginal Affairs Superintendent. She was part of the team responsible for ensuring that the Inuit and Innu IBAs were being implemented and that the obligations of the company were being met.

Since 2008 Isabella has been the senior negotiator with the Nunatsiavut Government.

Isabella has served as a councilor on the Inuit community government and was a member of the Nunatsiavut Government Transitional Assembly.

Isabella resides in Nain with her husband Sid and daughter Kendra.

Natan Obed

Natan Obed is the Director of Social and Cultural Development for Nunavut Tunngavik Incorporated in Iqualuit, NU.  His work focuses on issues such as health, education, language, justice, research, and suicide prevention.

Natan has a Bachelor of Arts in both English and American Studies from Tufts University.  He worked previously as Socio-economic Development Director for Inuit Tapiriit Kanatami.

Natan, who is originally from Nain, Nunatsiavut, lives in Iqaluit with his wife, Letia, and their sons Panigusiq and Jushua.

Kristy Sheppard

Kristy Sheppard is the Director of Tourism for the Nunatsiavut Government and is responsible for the development and promotion of tourism in the Nuntsiavut Region.

Kristy has a Bachelors of Arts in Sociology from Acadia University and a Master of Arts in Tourism Management from Royal Roads University.

Prior to her present position with the Nunatsiavut Government, Kristy held positions with Inuit Tapiriit Kanatami in Ottawa as Project Coordinator, Social Economic Development and as Youth Intervenor, Social Economic Development.

Kristy is also Vice-chair, Destination Labrador, Member of the Nunatsiavut Government Mealy Mountains National Park Reserve negotiating team, and Marketing Partner with the Cruise Association of Newfoundland and Labrador.

Kristy resides in Rigolet, Nunatsiavut with her husband Eldred.

Jim Igloriorte

James Igloliorte is a retired Provincial Court Judge from Hopedale, Labrador who spent most of his career operating the court circuit from Goose Bay. James (known locally as Judge Jim) retired from the Bench in 2004. James has a Bachelor of Laws from Dalhousie University.

James worked as a Commissioner for the Qikiqtani Truth Commission, and most recently as a Panel member on the Joint Review Panel for the proposed Lower Churchill Hydro-electric development.

He volunteers with St. Augustine’s Anglican Church, Memorial University of Newfoundland, and the International Grenfell Association. He is Chair of the Torngat Mountains National Park Co-management Board.

James lives in St. John’s with his wife Linda. They have 4 children and presently 3 grandchildren.