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Paul Desmarais III

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Paul Desmarais III
Born1981 or 1982 (age 42–43)
EducationLakefield College School
Alma mater
OccupationBusinessperson
Employers
Spouse Mary Dailey Pattee ​(m. 2008)​
Parents
Relatives

Paul Desmarais III (born 1981 or 1982) is a Canadian businessperson and philanthropist.

Early life and education

Desmarais was educated at Lakefield College School and earned a Bachelor of Science degree in economics from Harvard College and a Master of Business Administration degree from INSEAD.

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. In January 2017, he was named Senior Vice President of both companies. He is Chairman and CEO of Sagard, an alternative asset manager involved in venture capital, private equity, private credit, real estate and royalties. He is a co-founder of various businesses, such as investment fund Portage Ventures and Diagram Ventures.

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

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

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

Personal life

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

References

  1. ^ "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.
  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. 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. 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. https://www.theglobeandmail.com/business/rob-magazine/article-emerging-business-leaders-innovation-canada/
  21. https://www.nextcanada.com/paul-desmarais-iii/
  22. https://indigenouslc.com/co-founders
  23. https://www.newswire.ca/news-releases/centraide-begins-its-2022-campaign-and-launches-ad-without-the-burden-of-poverty-and-exclusion-we-can-all-rise-up--804964488.html


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