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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.
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References
- 1 2 "Mary Dailey Pattee, Paul Desmarais". The New York Times. 22 June 2008. p. ST14. Retrieved 23 June 2018.
- ↑ Spring 2004
- ↑ "Paul Desmarais III - Profile". INSEAD. 5 December 2016. Retrieved 18 January 2018.
- ↑ Canada's Next Leaders: Paul Desmarais III on carving his own career path , retrieved 19 January 2018
- ↑ "Desmarais scion to oversee family-backed Canadian fintech venture capital fund". Financial Post. 24 January 2017. Retrieved 19 January 2018.
- ↑ "Paul Desmarais III - Canadian Corporate Innovation Summit | BDC.ca". www.bdc.ca. Archived from the original on 19 January 2018. Retrieved 19 January 2018.
- ↑ "Paul Desmarais III, Executive Profile". Bloomberg. Retrieved 18 January 2018.
- ↑ "Power Corporation of Canada | Senior Management". www.powercorporation.com. Retrieved 18 February 2020.
- ↑ "'Canada is one of the only places in the world where the American dream is still alive' — Paul Desmarais III on fintechs and the economy". financialpost. Retrieved 16 November 2020.
- ↑ Paul Desmarais III betting big on fintech, expecting more partnerships in the space, 18 June 2019, retrieved 16 November 2020
- ↑ Power Financial putting more money into fintech startup Wealthsimple, 2 March 2018, retrieved 16 November 2020
- ↑ "Paul Desmarais III - Portag3 - 2018 Canada FinTech Forum - Part 1/2 - YouTube". www.youtube.com. Retrieved 16 November 2020.
- ↑ "Desmarais Empire Seeks Fintech Transformation From Outside In". Bloomberg. 7 June 2017.
- ↑ "Portag3 Ventures closes new FinTech fund". www.newswire.ca. Retrieved 18 January 2018.
- ↑ "2019 Recipients". Business / Arts. Retrieved 18 February 2020.
- ↑ "Paul Desmarais III, MBA'10J". INSEAD. 5 December 2016. Retrieved 18 February 2020.
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