Paul Desmarais III | |
---|---|
Born | 1981/1982(age 40–41) |
Education | Lakefield College School |
Alma mater | |
Occupation | Businessperson |
Employers | |
Spouse | Mary Dailey Pattee (m. 2008) |
Parents | |
Relatives |
|
Paul Desmarais III (born 1981/1982) [1] is a Canadian businessperson and philanthropist.
Desmarais was educated at Lakefield College School [2] and earned a Bachelor of Science degree in economics from Harvard College and a Master of Business Administration degree from INSEAD. [3]
After working at Goldman Sachs, Imerys and Great-West Lifeco, Desmarais became Vice-President of Power Corporation of Canada and Power Financial Corporation in 2014. [4] [5] In January 2017, he was named Senior Vice President of both companies. [6] He is Chairman and CEO of Sagard Holdings, Executive Chairman and co-founder of Portag3 Ventures, and Chairman and co-founder of Diagram. [7] [8] Desmarais is involved in financial technology, [9] [10] [11] [12] especially with Portag3, [13] an investment fund. [14]
In 2019, he was the recipient of the Arnold Edinborough Award (Business / Arts Awards) [15] recognizing his impact on the arts in Canada. In 2000, he was awarded the Duke of Edinburgh's Award (Gold Level). [16]
Paul Desmarais III is the son of Paul Desmarais Jr. and the grandson of Paul Desmarais.
Paul Desmarais Sr. was a Canadian financier and philanthropist, based in Montreal. With an estimated family net worth of US$4.5 billion, Desmarais was ranked by Forbes as the fourth wealthiest person in Canada and 235th in the world in 2013. He was chairman and chief executive officer of Power Corporation of Canada until 1996 when he passed the reins of management of Power Corporation to his sons, Paul Jr. and André. He then continued to serve as a director and as chairman of the executive committee of the board, and remained the controlling shareholder. Power Corporation of Canada is a diversified international management and holding company with interests in companies in the financial services, asset management, sustainable and renewable energy, and other business sectors.
Power Corporation of Canada is a management and holding company that focuses on financial services in North America, Europe and Asia. Its core holdings are insurance, retirement, wealth management and investment management, including a portfolio of alternative investment platforms.
The Business Development Bank of Canada is a Crown corporation and national development bank wholly owned by the Government of Canada, mandated to help create and develop Canadian businesses through financing, growth and transition capital, venture capital and advisory services, with a focus on small and medium-sized enterprises.
Paul Desmarais Jr. is a Canadian businessman and philanthropist. He has been the chairman and co-CEO of Power Corporation of Canada since 1996.
André Desmarais is a Canadian businessman and philanthropist.
Power Financial Corporation is a Canadian multinational company that was founded in 1984. Power Financial, a wholly owned subsidiary of Power Corporation of Canada, is an international management and holding company with interests in financial services and asset management businesses in Canada, the United States and Europe. It also has significant holdings in a portfolio of global companies based in Europe.
Ripple Labs, Inc. is an American technology company which develops the Ripple payment protocol and exchange network. Originally named Opencoin and renamed in 2015, the company was founded in 2012 and is based in San Francisco, California.
Fintech, a portmanteau of "financial technology", refers to firms using new technology to compete with traditional financial methods in the delivery of financial services. Artificial intelligence, blockchain, cloud computing, and big data are regarded as the "ABCD" of fintech. The use of smartphones for mobile banking, investing, borrowing services, and cryptocurrency are examples of technologies designed to make financial services more accessible to the general public. Fintech companies consist of both startups and established financial institutions and technology companies trying to replace or enhance the usage of financial services provided by existing financial companies.
Vinay Nair is a serial entrepreneur and academic. He is involved as an advisor or board member in several companies in financial services, across investment management, venture capital and fintech. He is also involved in technology-enabled solutions that link Israel, India and the US. He is the founder and chairman of TIFIN, a platform to create and manage a portfolio of fintech brands and companies in areas of investments, wealth management and asset management, as well as founder and chairman of 55ip, a fintech firm with offices in Boston and Mumbai, India. Nair is also a visiting professor at the MIT Sloan School of Management and the Wharton School of the University of Pennsylvania.
Wealthsimple Inc. is a Canadian online investment management service. The firm was founded in September 2014 by Michael Katchen, Brett Huneycutt and Rudy Adler and is based in Toronto. As of November 2021, the firm holds over C$15 billion in assets under management. It is primarily owned by Power Corporation indirectly at 42.5% through investments made through their holdings in Power Financial, IGM Financial and Portag3.
FinTech Awards are several award ceremonies, most of them unrelated, which are held all over the world to recognize excellence in financial technology as assessed by either a public vote or panels of judges. There are typically many categories, winners and prizes. Hundreds of companies, mostly startups, participate as candidates.
Funding Societies is a Southeast Asia’s digital financing platform for small and medium-sized enterprises (SMEs), headquartered in Singapore. It was the first such platform in Singapore to engage an escrow agency to independently and safely manage investors’ funds. In Indonesia it is known as Modalku. Since its launch, it has disbursed more than US$2.6 billion in business financing to MSMEs through more than 5.1 million loan transactions.
FinMkt, Inc. is a New York City-based financial technology company originally founded in 2014 as Crowdnetic and rebranding in 2016 to its current iteration, FinMkt. FinMkt then pivoted the technology to build a premier SaaS, multi-lender, omnichannel, customizable point of sale financing platform that launched in the summer of 2020.
Voleo is a Canadian-based financial services company, headquartered in Vancouver, BC. Voleo is transforming retail investing through its collaborative investment club platform. Voleo enables users to form investment clubs with people they trust to democratically manage a portfolio in publicly traded securities. Voleo has increased retail investor participation in the stock market by breaking down barriers to entry, facilitating trust and improving financial literacy.
Solaris SE is a Berlin-based fintech company that offers a banking-as-a-service platform with its German banking license.
Olivier Desmarais is a Canadian businessman and philanthropist. Desmarais is chairman and CEO of Power Sustainable Capital, a global alternative asset manager. He is also Senior Vice-President of Power Corporation of Canada and Power Financial since 2017.
nCino is a financial technology company headquartered in Wilmington, North Carolina. The company's cloud-based banking software helps financial institutions to gain efficiencies from digitizing and streamlining processes in commercial banking, small business banking, and retail banking. Pierre Naudé has served as CEO of nCino since its inception. The company's Bank Operating System is used by banks and credit unions with assets ranging from $30 million to $2 trillion. As of 2022, nCino is used in more than 1,750 financial institutions. nCino's customers include TD Bank, Truist Financial, and Santander Bank. nCino's strategic partners include Accenture, Deloitte Digital, PwC and West Monroe Partners.
ComplyAdvantage, founded in 2014, is a RegTech company that provides anti-money laundering technology. The company uses artificial intelligence, machine learning and natural language processing to help regulated organisations manage risk obligations and counteract financial crime.
KOHO Financial Inc. is a Canadian fintech company based in Toronto. While it is not a bank, the company provides banking services in partnership with Peoples Trust through a mobile app and prepaid Mastercard card.
RRE Ventures is an American Venture Capital firm based in New York City. The firm primarily invests in seed, series A and series B rounds and focuses on companies operating in the software, internet, communications, aerospace, robotics, 3D printing and financial services sectors.
{{cite web}}
: CS1 maint: url-status (link)