Paul Desmarais III

Paul Desmarais III (born 1981/1982)[1] is a Canadian businessperson. He is the son of Paul Desmarais Jr. and the grandson of Paul Desmarais.

Paul Desmarais III
Born1981/1982 (age 38–39)
NationalityCanadian
Alma mater
OccupationBusinessperson
Employer
Spouse(s)
Mary Dailey Pattee
(
m. 2008)
[1]
Parent(s)
Relatives

Career

After working at Goldman Sachs, Imerys and Great-West Lifeco, Paul Desmarais III became Vice-President of Power Corporation of Canada and Power Financial Corporation in 2014.[2][3] In January 2017, he was named Senior Vice President of both companies.[4]

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.[5][6]

Desmarais is involved in financial technology[7][8][9][10], especially with Portag3,[11] a fund that aims to "find the next generation of Canadian financial technology entrepreneurs and help them build global companies".[12]

Desmarais holds a Bachelor of Science degree in economics from Harvard College and a Master of Business Administration degree from INSEAD.[13]

Board memberships

He is a director of:

Philanthropy and other engagements

He is the Founder and Honorary President of Young Canadians in Finance, an organization that aims to "build a more competitive Canadian financial system".[19]

He is a board member of The Next Canada[20], a national, non-profit organization that develops exceptional talent to build world-class ventures and propel technology adoption, and the Rideau Hall Foundation.[21]

He was also the Chair of the Kenojuak Cultural Centre and Print Shop campaign, as well as co-chair of the Arctic Expedition to the North Magnetic Pole, organized in 2014 by the True Patriot Love Foundation.[22]

Honours

In 2019, he was the recipient of the Arnold Edinborough Award (Business / Arts Awards)[23] recognizing his impact on the arts in Canada.

Desmarais is an honouree of Canada's 2017 Top 40 Under 40 Awards.[24]

In 2000, he was awarded the Duke of Edinburgh’s Award (Gold Level).[25]

He was recognized and honored as a talented and experienced MBA holder at the 2019 MBA Gala[26].

gollark: Presumably those will reduce in number as automation advances, but they aren't gone yet.
gollark: I don't, especially on more boring or unpleasant yet somewhat important jobs.
gollark: Art and other intellectual work.
gollark: I mean, you can go for "pay everyone UBI or something", which is valid but doesn't provide incentives to art.
gollark: Also, "your car" can produce value via driving people around and such.

References
  1. "Mary Dailey Pattee, Paul Desmarais". The New York Times. 22 June 2008. p. ST14. Retrieved 23 June 2018.
  2. Canada's Next Leaders: Paul Desmarais III on carving his own career path, retrieved 19 January 2018
  3. "Desmarais scion to oversee family-backed Canadian fintech venture capital fund". Financial Post. 24 January 2017. Retrieved 19 January 2018.
  4. "Paul Desmarais III - Canadian Corporate Innovation Summit | BDC.ca". www.bdc.ca. Archived from the original on 19 January 2018. Retrieved 19 January 2018.
  5. "Paul Desmarais III, Executive Profile". Bloomberg. Retrieved 18 January 2018.
  6. "Power Corporation of Canada | Senior Management". www.powercorporation.com. Retrieved 18 February 2020.
  7. https://business.financialpost.com/technology/join-us-live-this-wednesday-for-paul-desmarais-iii-on-innovation-policy-and-the-fintech-industry
  8. https://www.bnnbloomberg.ca/video/paul-desmarais-iii-betting-big-on-fintech-expecting-more-partnerships-in-the-space~1710020
  9. https://www.bnnbloomberg.ca/video/power-financial-putting-more-money-into-fintech-startup-wealthsimple~1338816
  10. https://www.youtube.com/watch?v=Z_-t80AHYfU
  11. "Desmarais Empire Seeks Fintech Transformation From Outside In". Bloomberg. 7 June 2017.
  12. "Portag3 Ventures closes new FinTech fund". www.newswire.ca. Retrieved 18 January 2018.
  13. "Paul Desmarais III - Profile". INSEAD. 5 December 2016. Retrieved 18 January 2018.
  14. "Robo-adviser Wealthsimple gets $50-million boost from Power Financial". Retrieved 19 January 2018.
  15. "Koho raises $8 million from Portag3 as Paul Desmarais III and Mike Katchen join board". BetaKit. Retrieved 19 January 2018.
  16. "Our Board". integramed.com. Retrieved 19 January 2018.
  17. Editorial, Reuters. "${Instrument_CompanyName} ${Instrument_Ric} People | Reuters.com". U.S. Retrieved 19 January 2018.
  18. "Paul Desmarais, III". www.wealthprofessional.ca. Retrieved 19 January 2018.
  19. "About Us". www.ycif.org. Retrieved 18 January 2018.
  20. "Who's Involved - Board members - NEXT Canada". Next Canada. Archived from the original on 19 January 2018. Retrieved 18 January 2018.
  21. "About - Rideau Hall Foundation". Rideau Hall Foundation | La Fondation Rideau Hall. Retrieved 18 January 2018.
  22. Cousineau, Sophie (25 June 2014). "CEOs, veterans, hockey players and me: Trekking the arctic on the largest expedition ever". The Globe and Mail. Retrieved 18 January 2018.
  23. "2019 Recipients". Business / Arts. Retrieved 18 February 2020.
  24. "Canada's Top 40 Under 40 - Honourees 2010". www.canadastop40under40.com. Retrieved 18 January 2018.
  25. "Paul Desmarais III, MBA'10J". INSEAD. 5 December 2016. Retrieved 18 February 2020.
  26. https://www.ambaq.org/en/previous-events/detail/gala-mba-2019/13299


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