Paul Desmarais III

Last updated
Paul Desmarais III
Born1981or1982(age 42–43)
Education Lakefield College School
Alma mater
OccupationBusinessperson
Employers
Spouse
Mary Dailey Pattee
​
(m. 2008)​
[1]
Parents
Relatives

Paul Desmarais III (born 1981or1982) [1] is a Canadian businessperson and philanthropist.

Contents

Early life and education

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]

Career

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, an alternative asset manager involved in venture capital, private equity, private credit, real estate and royalties. [7] [8] He is a co-founder of various businesses, such as investment fund Portage Ventures and Diagram Ventures. [9] [10] [11] [12] [13] [14] [15] [16] [17]

In 2019, he was the recipient of the Arnold Edinborough Award (Business / Arts Awards) [18] recognizing his impact on the arts in Canada. In 2000, he was awarded the Duke of Edinburgh's Award (Gold Level). [19]

He is a founder or co-founder of various business-led initiatives, such as the Black Wealth Club, [20] which provides resources to support emerging black leaders, the Young Canadians in Finance [21] and the Indigenous Leadership Circle. [22]

He also acted as co-chair for the Centraide of Greater Montreal 49th fundraising campaign, launched in 2022. [23]

Personal life

Paul Desmarais III is the son of Paul Desmarais Jr. and the grandson of Paul Desmarais.

References

  1. 1 2 "Mary Dailey Pattee, Paul Desmarais". The New York Times. 22 June 2008. p. ST14. Retrieved 23 June 2018.
  2. ↑ Spring 2004
  3. ↑ "Paul Desmarais III - Profile". INSEAD. 5 December 2016. Retrieved 18 January 2018.
  4. ↑ Canada's Next Leaders: Paul Desmarais III on carving his own career path , retrieved 19 January 2018
  5. ↑ "Desmarais scion to oversee family-backed Canadian fintech venture capital fund". Financial Post. 24 January 2017. Retrieved 19 January 2018.
  6. ↑ "Paul Desmarais III - Canadian Corporate Innovation Summit | BDC.ca". www.bdc.ca. Archived from the original on 19 January 2018. Retrieved 19 January 2018.
  7. ↑ "Sagard increases presence in the U.S. real estate market with acquisition of EverWest".
  8. ↑ "Paul Desmarais III: 'Get training outside of your family business'". Canadian Family Offices. 12 July 2022.
  9. ↑ "Paul Desmarais III, Executive Profile". Bloomberg. Retrieved 18 January 2018.
  10. ↑ "Power Corporation of Canada | Senior Management". www.powercorporation.com. Retrieved 18 February 2020.
  11. ↑ "'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. 25 March 2019. Retrieved 16 November 2020.
  12. ↑ Paul Desmarais III betting big on fintech, expecting more partnerships in the space, 18 June 2019, retrieved 16 November 2020
  13. ↑ Power Financial putting more money into fintech startup Wealthsimple, 2 March 2018, retrieved 16 November 2020
  14. ↑ "Paul Desmarais III - Portag3 - 2018 Canada FinTech Forum - Part 1/2 - YouTube". www.youtube.com. 26 November 2018. Retrieved 16 November 2020.
  15. ↑ "Desmarais Empire Seeks Fintech Transformation From Outside In". Bloomberg. 7 June 2017.
  16. ↑ "Portag3 Ventures closes new FinTech fund". www.newswire.ca. Retrieved 18 January 2018.
  17. ↑ "Diagram Ventures Raises CA$120 Million Opportunity Fund To Double-Down On Its Successful Studio Bets". Forbes.
  18. ↑ "2019 Recipients". Business / Arts. Retrieved 18 February 2020.
  19. ↑ "Paul Desmarais III, MBA'10J". INSEAD. 5 December 2016. Retrieved 18 February 2020.
  20. ↑ "Meet 50 emerging leaders reinventing how Canada does business". The Globe and Mail. 25 February 2022.
  21. ↑ "Paul Desmarais III". 10 September 2019.
  22. ↑ "Meet the Co-Founders".
  23. ↑ "Centraide begins its 2022 campaign and launches ad, "Without the burden of poverty and exclusion, we can all rise up."".


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