Business Development Bank of Canada
From Free net encyclopedia
The Business Development Bank of Canada is a crown corporation financial institution wholly owned by the Government of Canada. BDC plays a leadership role in delivering financial and consulting services to Canadian small business, with a particular focus on technology and exporting.
BDC's debt obligations, secured by the Government of Canada, are issued to the public and private sector institutions.
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History
BDBC started as the Industrial Development Bank (IDB) in 1944:
- 1952-1964 - Amendments to the IDB Act 1944
- 1964-1974 - diversification of services: counselling, training and planning for small business owners
- 1975 - Federal Business Development Bank replaces the IDB
- 1983 - Investment Banking Division created
- 1995 - revision of Business Development Bank of Canada Act and new name - BDBC
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Services
The following are services provided by the BDC:
- financial services
- consulting services
- subordinate financing
- venture capital
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Executives
- André Bourdeau - acting President and CEO
- Cedric Ritchie - Chairman of the Board
- Michel Ré - Executive Vice President, Investments
- Edmée Métivier - Executive Vice President, Integrated Risk and Technology Management
- Guy G. Beaudry - Senior Vice President, Corporate Affairs and Chief Planning Officer
- Michel Bourret - Senior Vice President, Operations, Quebec and Atlantic Region
- Jacques Lemoine - Senior Vice President, Operations, Ontario Region
- Charlotte Robb - Senior Vice President, Operations, Prairies and Western Region
- Alan Marquis - Senior Vice President, Finance and Chief Financial Officer
- Mary Karamanos - Senior Vice President, Human Resources
- Richard Morris - Vice President, Audit and Inspection
- Clément Albert - Vice President and Treasurer
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See also
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