Paul Desmarais III

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Paul Desmarais III
Born1981/1982 (age 39–40)
EducationLakefield College School
Alma mater
OccupationBusinessperson
Employer
Spouse(s)
Mary Dailey Pattee
(m. 2008)
[1]
Parent(s)
Relatives

Paul Desmarais III (born 1981/1982)[1] is a Canadian businessperson and philanthropist.

Early life and education[edit]

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[edit]

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, the Executive Chairman and co-founder of Portag3 Ventures, and the 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]

Personal life[edit]

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


References[edit]

  1. ^ a b "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. ^ "Paul Desmarais III, Executive Profile". Bloomberg. Retrieved 18 January 2018.
  8. ^ "Power Corporation of Canada | Senior Management". www.powercorporation.com. Retrieved 18 February 2020.
  9. ^ "'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.
  10. ^ Paul Desmarais III betting big on fintech, expecting more partnerships in the space, 18 June 2019, retrieved 16 November 2020
  11. ^ Power Financial putting more money into fintech startup Wealthsimple, 2 March 2018, retrieved 16 November 2020
  12. ^ "Paul Desmarais III - Portag3 - 2018 Canada FinTech Forum - Part 1/2 - YouTube". www.youtube.com. Retrieved 16 November 2020.
  13. ^ "Desmarais Empire Seeks Fintech Transformation From Outside In". Bloomberg. 7 June 2017.
  14. ^ "Portag3 Ventures closes new FinTech fund". www.newswire.ca. Retrieved 18 January 2018.
  15. ^ "2019 Recipients". Business / Arts. Retrieved 18 February 2020.
  16. ^ "Paul Desmarais III, MBA'10J". INSEAD. 5 December 2016. Retrieved 18 February 2020.{{cite web}}: CS1 maint: url-status (link)