Michael Denham Appointed as President of the Business Development Bank of Canada

OTTAWA, ONTARIO--(Marketwired - June 29, 2015) - Industry Canada

Industry Minister James Moore today announced the appointment of Michael Denham as President of the Business Development Bank of Canada (BDC), effective August 10, 2015.

Mr. Denham is currently the President of AquaTerra. He is a former President and Senior Managing Director of Accenture PLC and a former President of the Business Process Services of CGI Group Inc. He was also part of the leadership team at Bombardier. Mr. Denham is on the Board of Futurpreneur Canada, an organization focused on supporting youth entrepreneurship in Canada.

BDC, Canada's business development bank, puts entrepreneurs first. With almost 2,000 employees and more than 100 business centres across the country, BDC offers loans, consulting services, growth and business transition capital, securitization, as well as venture capital to more than 30,000 small and medium-sized companies. Their success is vital to Canada's economic prosperity.

Quick fact

• Mr. Denham attended Princeton University where he received a Bachelor of Arts from the Woodrow Wilson School of Public and International Affairs in 1986. He graduated from the London School of Economics where he received a Master of Science (Economics) with Distinction in 1987.

Quotes

"I would like to welcome Michael Denham in his new role as President of the Business Development Bank of Canada. His significant business leadership and his familiarity with financing and entrepreneurship will benefit BDC as it continues to help Canadian businesses expand and succeed."

- James Moore, Minister of Industry

"I am delighted to have this opportunity to lead such an important Canadian organization. BDC plays a fundamental role within the fabric of Canadian business, and I am eagerly looking forward to making a difference."

- Michael Denham, President, Business Development Bank of Canada

Associated link

- Business Development Bank of Canada

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