Infrastructure Funding Panel

Size: px
Start display at page:

Download "Infrastructure Funding Panel"

Transcription

1 FINANCIAL FORUM 2017 Infrastructure Funding Panel March 30, 2017 Marvin Shaffer & Associates (MSA) Department of Finance Canada Ministère des Finances Canada

2 2 INFRASTRUCTURE FUNDING PANEL Introduction Partnerships BC Dr. Marvin Shaffer Canada Infrastructure Bank Q&A Period

3 3 MARK LIEDEMANN Mark Liedemann is responsible for the overall quality and consistency of Partnerships BC s involvement in infrastructure projects. Since Mark joined Partnerships BC in 2008, he has led the procurement management team for projects in the health, transportation and energy sectors in B.C. and other parts of Canada. His primary expertise is in procurement management, contract negotiations, strategic assessment and financial and business analysis. Prior to joining Partnerships BC, Mark was a vice president at PricewaterhouseCoopers in its Infrastructure, Government & Utilities practice. Mark holds a Bachelor of Science from the University of British Columbia and a Masters of Business Administration from the University of Victoria. Mark earned his designation as a Chartered Financial Analyst charter holder in 2003.

4 DR. MARVIN SHAFFER Dr. Marvin Shaffer has managed Marvin Shaffer & Associates (MSA) for over thirty years, undertaking consulting assignments for both public and private sector clients across Canada. He has successfully negotiated major agreements in the energy and transportation fields as well as holding senior positions with the Government of British Columbia (head of the Crown Corporations Secretariat and Chief Executive Officer of the British Columbia Transportation Financing Authority). Dr. Shaffer is currently an Adjunct Professor in the Public Policy program at Simon Fraser University, lecturing on multiple account benefit-cost analysis. He has lectured in economics at the University of British Columbia, and the University of Queensland and the University of Tasmania in Australia. Marvin received his Ph.D. in Economics from the University of British Columbia and his B.A., Honours in Economics, from McGill University. Marvin Shaffer & Associates (MSA) 4

5 TIM DUNCANSON Tim Duncanson joined the Department of Finance as Senior Advisor to the Deputy Minister on September 14, Prior to this appointment Mr. Duncanson was a Managing Director at Onex Corporation where he contributed to and led a number of investments across an array of industries, including: industrial services, healthcare and entertainment. Before joining Onex in 1999, Mr. Duncanson was an associate in mergers and acquisitions with Lazard Freres & Co LLC in New York, and an investment analyst at Mutual Asset Management Ltd. in Waterloo, Ontario. He serves as a lifetime member of Corporation at Huron University College, previously serving as Chair of the Executive Board. His public company board experience includes: Cineplex Entertainment (Canada), Tropicana Las Vegas (US) and TMS International (US). Mr. Duncanson has a BA (honours) in History from Huron University College, an MPP from the John F. Kennedy School of Government and an MBA from Harvard Business School. He holds a Chartered Financial Analyst designation. Department of Finance Canada Ministère des Finances Canada 5

6 6 INFRASTRUCTURE FUNDING PANEL Introduction Partnerships BC Dr. Marvin Shaffer Canada Infrastructure Bank Q&A Period

7 Partnerships British Columbia Municipal Finance Authority of B.C. AGM March 30, 2017 Mark Liedemann, VP Projects

8 8 Overview Partnerships BC Project Planning and Scope Procurement models Private Financing Resources Project Examples

9 9 About Partnerships BC Founded in 2002 Province of B.C. s procurement agency Provides consulting services to public sector 52 infrastructure projects in BC, $18 billion combined capital value 10 + projects in other Canadian jurisdictions Fee-for-service organization Approximately 32 FTEs

10 10 PBC Services Project planning o o Concept Plans Business Cases Procurement analysis Procurement management Design and construction oversight Contract administration Project communications support

11 11 Sector Overview Health Hospitals Residential Care Transportation Public Transit Bridges Highways Airports Energy Hydro Biofuels Wastewater Education Primary Secondary Post-Secondary Accommodation SRO Housing Correctional Centres Courthouses

12 12 Project Statistics $6.7 5 $4.1 $4.9 4 $2.1 0 Transportation Accommodation Health Energy Number of Projects Dollar value (Billions)

13 13 Business Case Part A: Rationale Part B: Service Delivery Options Analysis Part C: Procurement Options Analysis Part D: Funding Analysis and Next Steps Part E: Decision Request

14 14 Capital Project Procurement Models Degree of Private Sector Risk Models Fully Private Design Build Finance Operate Maintain Design Build Finance Maintain Design Build Operate Maintain Design Build Finance Design Build Design Bid Build Degree of Private Sector Involvement

15 15 What is a PPP? It is: Long-term, performancebased contract Combined design, build, finance, maintain/rehabilitate (and often operate) Government-retained ownership and control Risk transfer and innovation Whole life cycle planning It A PPP is NOT: is Privatization o Asset is still owned by the public sector o Policy and programming is still provided by public sector An asset sale An off-book transaction Loss of control of government asset

16 16 Compare Procurement Models Traditional Model Qualitative Benefits Partnership Model Qualitative Benefits Quantitative Benefits Quantitative Benefits VALUE FOR MONEY

17 17 Optimizing Private Financing Transferred Risk Value Private Capital Value

18 18 Purposes of Private Financing 1. Financial capacity for the concessionaire to absorb risk, in the event of: o o Deductions in Annual Service Payments due to poor performance Occurrence of a transferred risk event in construction or during operations 2. Project oversight and risk mitigation o o Lenders monitor the concessionaire/equity investor Lenders take corrective actions if Poor performance of concessionaire; Inadequate financial capacity of concessionaire;

19 19 Resources (People) Conflict of Interest Adjudicator Architect Engineering Firm Functional Programmer Fairness Advisor OWNER Specialty Consultants Legal Cost Consultants Business Advisors

20 Resources: Federal funding Phase I 20

21 Resources administered through Government of B.C. 21 Gas Tax Fund: 100% Canada funding but administered through UBCM on behalf of B.C. Outside Metro Vancouver 75% goes to municipalities; 25% Strategic Priorities Fund for capacity building Small Communities Fund: Funding: 1/3 Canada, 1/3 B.C., 1/3 municipality Administered through CSCD and MOTI 55 project approved in 2015 and 26 approved in 2017 Other grants available: B.C. Infrastructure Planning Grants Small Communities Grants

22 Surrey Biofuel Processing Facility 22

23 23 Surrey Biofuel Processing Facility Design Build Finance Operate Maintain (DBFOM) Operations and Maintenance term of 25 years after the completion of construction Long-term performance-based contract Approximate project value $70 Million Approximate Value for Money: 14% No provincial funding; P3 Canada funding up to $17 Million Expected opening Summer 2017

24 Lakes District Hospital and Health Centre 24

25 25 Lakes District Hospital and Health Centre Design Build - $55 Million project Northern Health retains ownership and control Performance based specification (with prescriptive elements) Fast track construction; one year warranty Northern Health operates and maintains Opening date: January 2015 (ahead of schedule) Procurement timeline: May 2012 (RFQ) to April 2013 (Contract award)

26 26 Thank You! Mark Liedemann: Publications: ns/resources/

27 27 INFRASTRUCTURE FUNDING PANEL Introduction Partnerships BC Dr. Marvin Shaffer Canada Infrastructure Bank Q&A Period

28 Infrastructure Investment Procurement and Financing Strategy

29 29 Investment Evaluation Rationale: Need for and Alternatives Implementation: Procurement and Financing

30 30 Rationale Understanding Problem or Opportunity Defining Alternatives Benefit-cost or Multi-Criteria Assessment

31 31 Implementation Design then Build Integrated Design-Build Design-Build-Maintain Design-Build-Operate Design-Build-Operate-Finance the full meal deal P3

32 32 Implementation Objectives Minimize expected costs Efficiently allocate risks Optimize borrowing requirement

33 33 Expected costs key considerations Synergies lifecycle planning Complexity required scale and experience of bidders Opportunities and incentives for innovation Project management and cost control Transaction costs Externalities social and environmental costs

34 34 Risks Major risk issues cost control; timing; change orders; physical performance; market performance; asset maintenance/residual value Risk reduction vs transfer Basic risk management/ allocation principle

35 35 Borrowing requirement Cost of public borrowing vs private financing Risk adjusted cost of capital Borrowing constraints Accounting treatment and taxpayer liability Optimal strategy

36 36 Primary need - expertise Identification and assessment of procurement options focused on incremental costs and benefits of different levels of private sector engagement Assistance in contract development and management

37 37 Secondary need (if at all) Conduit/ access to higher cost private capital

38 38 INFRASTRUCTURE FUNDING PANEL Introduction Partnerships BC Dr. Marvin Shaffer Canada Infrastructure Bank Q&A Period

39 39 INFRASTRUCTURE FUNDING PANEL Introduction Partnerships BC Dr. Marvin Shaffer Canada Infrastructure Bank Q&A Period

Developing Solar PV Power Projects in Ontario, Canada

Developing Solar PV Power Projects in Ontario, Canada Developing Solar PV Power Projects in Ontario, Canada Executive Summary - February 2018 Who We Are Business Description Solar Flow-Through Funds ( Solar Flow-Through ) is a Limited Partnership formed to

More information

Public Private Partnerships Conference

Public Private Partnerships Conference Public Private Partnerships Conference An interactive 1 day conference on the legal and financial aspects of Public-Private partnerships Tuesday, 13 December 2016 I St Regis Hotel Corniche Abu Dhabi With

More information

Public Finance in a Sea of Challenge: A Look at What Has Come and What Is to Come

Public Finance in a Sea of Challenge: A Look at What Has Come and What Is to Come Public Finance in a Sea of Challenge: A Look at What Has Come and What Is to Come Commercial Real Estate Women, Los Angeles (CREW-LA) February 13, 2013 2013 Goodwin Procter LLP 1 Panel Member Biographies

More information

NEWS RELEASE. Community Living BC welcomes new board members

NEWS RELEASE. Community Living BC welcomes new board members For Immediate Release 2018SDPR0055-002314 Dec. 2, 2018 NEWS RELEASE Community Living BC welcomes new board members VANCOUVER Seven new members were appointed to the board of directors for Community Living

More information

SOLAR. Representing clients across the renewable energy industry. Troutman Sanders LLP. troutman.com

SOLAR. Representing clients across the renewable energy industry. Troutman Sanders LLP. troutman.com SOLAR Representing clients across the renewable energy industry What clients value Troutman Sanders served as counsel to over 5600 MWs of solar projects in 2016-2017. U.S. News Best Lawyers Our innovative

More information

CONFEDERATION LINE PRESENTATION TO RPIC CONFERENCE

CONFEDERATION LINE PRESENTATION TO RPIC CONFERENCE CONFEDERATION LINE PRESENTATION TO RPIC CONFERENCE Dennis Gratton Manager, Rail planning, Rail Implementation Office & Annie Hillis Public Art Coordinator, Rail Implementation Office November 7, 2013 OVERVIEW

More information

TRACY SEWARD CPA DECEMBER 2015 PAGE 1

TRACY SEWARD CPA DECEMBER 2015 PAGE 1 TRACY SEWARD CPA Tracy Seward has over 20 years of financial accounting experience obtained through a diverse range of industry and senior management experience. He is a team leader devoted to creating

More information

Columbia University MsRED Career Development Program

Columbia University MsRED Career Development Program Columbia University MsRED Career Development Program Toronto, April 4 5, 2012 Itinerary Wednesday, April 4 Oxford offices, Royal Bank Plaza 200 Bay Street, North Tower, 9th Floor 12:00 pm Lunch 1:00 pm

More information

HOTELS, TOURISM & LEISURE. Hotels, Tourism & Leisure

HOTELS, TOURISM & LEISURE. Hotels, Tourism & Leisure HOTELS, TOURISM & LEISURE nem is one of Australasia s largest boutique business consultancy firms, which is able to draw on the significant skills and experience of over 50 partners across Australia and

More information

Annual. Real Estate. Outlook

Annual. Real Estate. Outlook Annual Real Estate Outlook 2014 Annual Outlook 2014 Thank you for attending ULI British Columbia s premier real estate trends and forecast event of the year, featuring insights from leading experts both

More information

Andrew Michael Diamond

Andrew Michael Diamond Andrew Michael Diamond PROFESSIONAL QUALIFICATIONS 239 Warren Road Toronto, Ontario M4V 2S6 (416) 577-5707 amdiamond@adr.ca Member in good standing of the Law Society of Upper Canada Called to the Bar

More information

261 Gorham Road South Portland, ME Company Profile

261 Gorham Road South Portland, ME Company Profile Company Profile Preservation Management, Inc. (PMI) has been providing comprehensive residential and commercial property management services since 1990. Over the last two decades PMI has grown to manage

More information

Edward Sunna. Curriculum Vitae. Contents

Edward Sunna. Curriculum Vitae. Contents Edward Sunna Curriculum Vitae Contents 1. Personal Details... 2 2. Areas of Practice... 2 3. Relevant admission and membership details... 2 4. Academic Qualifications / Education... 3 5. Current Employment,

More information

Climate Change Innovation and Technology Framework 2017

Climate Change Innovation and Technology Framework 2017 Climate Change Innovation and Technology Framework 2017 Advancing Alberta s environmental performance and diversification through investments in innovation and technology Table of Contents 2 Message from

More information

Enayat Qasimi. Partner. Experience M Street, NW Suite 450N Washington, DC Phone: Fax:

Enayat Qasimi. Partner. Experience M Street, NW Suite 450N Washington, DC Phone: Fax: 2018 Whiteford, Taylor & Preston LLP Enayat Qasimi Partner 1800 M Street, NW Suite 450N Washington, DC 20036 Phone: 202.659.6792 Fax: 202.327.6174 Email: eqasimi@wtplaw.com Experience Mr. Qasimi?s practice

More information

Robert A. Greising Partner

Robert A. Greising Partner Robert A. Greising Partner P: (317) 238-6215 F: (317) 636-1507 E: rgreising@kdlegal.com Indianapolis Office One Indiana Square Suite 2800 Indianapolis, IN 46204-2079 Robert Greising serves as a Partner

More information

Lehigh University Team biographies. October 30, 2017

Lehigh University Team biographies. October 30, 2017 Lehigh University Team biographies October 30, 2017 Core team members 2 Lane McBride Partner and Managing Director, Washington, DC Lane McBride is a Partner and Managing Director in the Washington, D.C.

More information

Dean A. Connor. President & Chief Executive Officer, Sun Life Financial

Dean A. Connor. President & Chief Executive Officer, Sun Life Financial Dean A. Connor President & Chief Executive Officer, Sun Life Financial Dean A. Connor was appointed President & Chief Executive Officer, Sun Life Financial on December 1, 2011, and is a member of the company

More information

Canadian Electrical Stewardship Association

Canadian Electrical Stewardship Association Canadian Electrical Stewardship Association October 2014 Maple Leaf Strategies Vancouver Calgary Toronto Ottawa Introduction Maple Leaf Strategies is a boutique government relations and public affairs

More information

Government Priorities of the Day - Budget 2018 Speaker Biographies

Government Priorities of the Day - Budget 2018 Speaker Biographies Government Priorities of the Day - Budget 2018 Speaker Biographies Janique Caron, Assistant Comptroller General, Financial Management Sector, Treasury Board Secretariat Janique joined the Treasury Board

More information

Provincial Appointment to Central Local Health Integration Network Charles Schade Appointed as Vice-Chair of Board of Directors

Provincial Appointment to Central Local Health Integration Network Charles Schade Appointed as Vice-Chair of Board of Directors Announcement 60 Renfrew Drive, Suite 300 Markham, ON L3R 0E1 Tel: 905 948-1872 Toll Free: 1 866 392-5446 Fax: 905 948-8011 www.centrallhin.on.ca Provincial Appointment to Central Local Health Integration

More information

NEWS RELEASE. Commission studying tax competitiveness Updated July 14, 2016, for clarification

NEWS RELEASE. Commission studying tax competitiveness Updated July 14, 2016, for clarification For Immediate Release 2016FIN0029-001283 July 14, 2016 NEWS RELEASE Commission studying tax competitiveness Updated July 14, 2016, for clarification VICTORIA Canadian economist Bev Dahlby has been named

More information

British Columbia s Environmental Assessment Process

British Columbia s Environmental Assessment Process British Columbia s Environmental Assessment Process Seminar #2 Guide for Aboriginal Groups and the General Public on the BC Environmental Assessment Process February 23, 2016 Paul Craven About the BC Environmental

More information

TEAM CAPABILITIES MUMBAI DELHI (NCR) BANGALORE KOLKATA INDIA

TEAM CAPABILITIES MUMBAI DELHI (NCR) BANGALORE KOLKATA INDIA TEAM CAPABILITIES MUMBAI DELHI (NCR) BANGALORE KOLKATA INDIA For more information, please contact: icore GLOBAL - INDIA Grand Hyatt Suite F 8 (e) Lobby level Santacruz (E) Mumbai 400056 +91 22 65881454

More information

PRINCIPAL FINANCIAL GROUP, INC. (Exact name of registrant as specified in its charter)

PRINCIPAL FINANCIAL GROUP, INC. (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event

More information

Robert A. Greising Partner

Robert A. Greising Partner Robert A. Greising Partner P: (317) 238-6215 F: (317) 636-1507 E: rgreising@kdlegal.com Indianapolis Office One Indiana Square Suite 2800 Indianapolis, IN 46204-2079 Robert Greising is a Partner in the

More information

CANADIAN LEADERSHIP TASKFORCE ON INDUSTRY GROWTH

CANADIAN LEADERSHIP TASKFORCE ON INDUSTRY GROWTH CANADIAN LEADERSHIP TASKFORCE ON INDUSTRY GROWTH 2016 2017 Meet our leaders: Kim Allen is the chief executive officer of Engineers Canada, the national organization of organizations that regulate Canada

More information

President and Chief Executive Officer and Director

President and Chief Executive Officer and Director Jeffrey P. Freimark 07/2008 to Present Miami Jewish Health Systems, Inc. A not-for-profit organization that is the largest and most innovative provider of health care for seniors in the Southeast. Miami

More information

David Romanow, Chief Executive Officer

David Romanow, Chief Executive Officer Turning Vision into Reality By nature, Mr. Romanow is a clear-minded individual with the vision to see the big picture as well as an excellent ability to focus on action-oriented solutions and opportunities.

More information

Annex: Biographies of New and Re-elected ISCA Council Members

Annex: Biographies of New and Re-elected ISCA Council Members Annex: Biographies of New and Re-elected ISCA Council Members New Council Members Ms Yvonne Chan Mei Chuen, CA (Singapore) Chief Financial Officer and Director (Corporate Development), Maritime and Port

More information

First Southern Securities, LLC Credentials

First Southern Securities, LLC Credentials First Southern Securities, LLC Credentials Table of Contents SECTION A SECTION B SECTION C SECTION D Overview of First Southern Securities, LLC......3 Services Offered...6 Trading Volume by Credit 1. Municipal...11

More information

They Build on Great Relationships... It s in. their DNA

They Build on Great Relationships... It s in. their DNA They Build on Great Relationships... It s in their DNA The Liberal Family Tree The London Connection David Peterson (Premier of Ontario, 1985-1990) First elected in 1975 in London Centre, named Liberal

More information

Phase 1: Incorporation, Product Development and Valuation

Phase 1: Incorporation, Product Development and Valuation National Playbill Phase 1: Incorporation, Product Development and Valuation (To be completed within 6 months of initial funding) 1. Definition of Corporate Mission: (To be completed within 3 month of initial

More information

Guest Speakers. Keynote: Leadership in Times of Change. Tracey Gurton Leadership Development Consultant and Full-time Lecturer

Guest Speakers. Keynote: Leadership in Times of Change. Tracey Gurton Leadership Development Consultant and Full-time Lecturer Guest Speakers Keynote: Leadership in Times of Change Tracey Gurton Leadership Development Consultant and Full-time Lecturer Tracey Gurton is a Leadership Development Consultant and full-time lecturer

More information

Raymond A. Snead, Jr., D. Sc., FHFMA, FACHE

Raymond A. Snead, Jr., D. Sc., FHFMA, FACHE Doctor of Healthcare Administration and currently practicing CFO whose thirty-five-year career includes serving as the President, Executive Vice President and Chief Financial Officer of for profit and

More information

Pharma - Biotech Collaborations: Optimizing Success, Minimizing Risk and Maintaining Alignment

Pharma - Biotech Collaborations: Optimizing Success, Minimizing Risk and Maintaining Alignment Presenter: Randall Sunberg Morgan Lewis May 16, 2008 In cooper Biography Randall Sunberg partner Morgan Lewis, Princeton Phone: 609.919.6606 Randall B. Sunberg is a partner in Morgan Lewis's Business and

More information

INTRODUCTION NOVEMBER bordeauxcapital.com

INTRODUCTION NOVEMBER bordeauxcapital.com INTRODUCTION NOVEMBER 2016 bordeauxcapital.com INTRODUCTION Bordeaux Capital Inc. (BCI) is an Exempt Market Dealer based in Toronto, Canada. The firm was formed in October 2015. BCI s principals have a

More information

The Tribeca Group at Morgan Stanley Smith Barney

The Tribeca Group at Morgan Stanley Smith Barney The Tribeca Group at Morgan Stanley Smith Barney November, 2011 Morgan Stanley Smith Barney LLC One Penn Plaza, 43rd Floor New York, NY 10119 212-643-5713 Scott McCoy Director Portfolio Manager Yunjin

More information

CIC SASKPOWER SMART METER REVIEW

CIC SASKPOWER SMART METER REVIEW CIC SASKPOWER SMART METER REVIEW TERMS OF REFERENCE DATE)AUGUST 15, 2014 1. PURPOSE SMART METER REVIEW Terms of Reference The Government of Saskatchewan has requested that Crown Investments Corporation

More information

The Rock Group at Morgan Stanley Smith Barney. Managing Your Wealth, Growing Our Relationship

The Rock Group at Morgan Stanley Smith Barney. Managing Your Wealth, Growing Our Relationship The Rock Group at Morgan Stanley Smith Barney Managing Your Wealth, Growing Our Relationship Change is the law of life. And those who look only to the past or present are certain to miss the future. John

More information

Open Forum. Newton Glassman, Executive Chairman & CEO David Reese, President & COO. October 13, 2015

Open Forum. Newton Glassman, Executive Chairman & CEO David Reese, President & COO. October 13, 2015 Open Forum Newton Glassman, Executive Chairman & CEO David Reese, President & COO October 13, 2015 Note: Callidus financials reflect most recent publicly released data (Q2 earnings, August 2015) 1 Welcome

More information

Supplement to Form ADV Part 2 Form ADV Part 2B

Supplement to Form ADV Part 2 Form ADV Part 2B Item 1- Cover Page Supplement to Form ADV Part 2 Form ADV Part 2B (for each of the Supervised Persons Listed in Item 2 below) Lazard Wealth Management LLC 30 Rockefeller Plaza New York, New York 10112

More information

Areas of Practice GENERAL NICHE

Areas of Practice GENERAL NICHE MMB Legal MMB Legal is a dynamic, full-service, corporate commercial law firm based in Bangalore, India, which was founded in the year 2007 and comprises a team of attorneys, with varied but complementary

More information

CPD Bootcamp. Adding value to your role as in-house counsel: Working together to deliver value to our mutual clients.

CPD Bootcamp. Adding value to your role as in-house counsel: Working together to deliver value to our mutual clients. CPD Bootcamp Adding value to your role as in-house counsel: Working together to deliver value to our mutual clients Presenters Bios November 2, 2017 MODERATOR Chris (Christopher) E. Pinnington Dentons

More information

DIRECTORS EDUCATION PROGRAM

DIRECTORS EDUCATION PROGRAM DEP 71 MODULE III DIRECTORS EDUCATION PROGRAM FACULTY BIOGRAPHIES National Academic Director Richard C. Powers M.B.A. (Queen's University), L.LB. (Queen's University), ICD.D Profit Governance Essentials

More information

Investing in Myanmar CO-OPERATIVE BANK LTD SINCE 1992

Investing in Myanmar CO-OPERATIVE BANK LTD SINCE 1992 Investing in Myanmar CO-OPERATIVE BANK LTD SINCE 1992 About CB Securities Wholly Owned Subsidiary of CB Bank, third largest bank in Myanmar by Assets Established in 2015 for development of modern capital

More information

CANADIAN PRIVATE EQUITY BUYOUT REVIEW

CANADIAN PRIVATE EQUITY BUYOUT REVIEW CANADIAN PRIVATE EQUITY BUYOUT REVIEW First Three Quarters 2015 REUTERS / Todd Korol Table of Contents Canada s PE Buyout Market in First 3Q 2015 3 $ Invested and # Companies Financed 5 Top Buyout Deals

More information

Why execution is everything in modern Australian infrastructure projects

Why execution is everything in modern Australian infrastructure projects Market Insights Why execution is everything in modern Australian infrastructure projects By Michael Thorpe Commonwealth Bank, Managing Director, Global Head of Infrastructure and Utilities In partnership

More information

Britco Group. Transaction snapshot

Britco Group. Transaction snapshot Britco Group Transaction snapshot About Ernst & Young Orenda Corporate Finance Inc. Ernst & Young Orenda Corporate Finance Inc. is one of Canada s largest corporate finance firms focused on mid-market

More information

NEWS RELEASE. New Real Estate Council appointed to ensure consumer protection

NEWS RELEASE. New Real Estate Council appointed to ensure consumer protection For Immediate Release 2016FIN0043-001983 Oct. 12, 2016 NEWS RELEASE New Real Estate Council appointed to ensure consumer protection VICTORIA Government is appointing nine public-interest members to the

More information

A STRATEGY TO IMPROVE CANADA S MINERAL EXPLORATION INVESTMENT CLIMATE

A STRATEGY TO IMPROVE CANADA S MINERAL EXPLORATION INVESTMENT CLIMATE A STRATEGY TO IMPROVE CANADA S MINERAL EXPLORATION INVESTMENT CLIMATE Submission by the Prospectors and Developers Association of Canada (PDAC) to the House Standing Committee on Finance Pre-Budget Consultations

More information

ORIENT OPERATING COMPANY PRIVATE LIMITED PROFILE

ORIENT OPERATING COMPANY PRIVATE LIMITED PROFILE ORIENT OPERATING COMPANY PRIVATE LIMITED PROFILE Orient Operating Company Private Limited is an affiliate of the Orient Group and operates in the energy sector i.e. power generation and oil exploration.

More information

Corporate Presentation

Corporate Presentation Suite 610-2010 11 th Avenue Regina, SK. S4P 0J3 Canada www.westernpotash.com Corporate Presentation August 2017 Western Potash Corp. Board of Directors Geoffrey Chang Chairman of the Board Appointed Chairman

More information

General Manager Assurance and Risk Management in Oakton;

General Manager Assurance and Risk Management in Oakton; AHSPO Conference C f Is it a Legal Catch Probity & Management Management 23 O October t b 2009 My Background Chartered Accountant and Certified Internal Auditor; General Manager Assurance and Risk Management

More information

Tel: Mobile:

Tel: Mobile: John Scutt Biography Tel: 02 8407 9372 Mobile: 0401 767 639 Email: john@lindfieldpartners.com.au John is Managing Director of The Lindfield Partners Pty Ltd trading as Essential Management Services (Lindfield

More information

Leeds Grenville Economic Development Summit Presenter Biographies

Leeds Grenville Economic Development Summit Presenter Biographies Leeds Grenville Economic Development Summit Presenter Biographies November 16, 2018 Minister s Address Hon. Steve Clark Minister of Municipal Affairs & Housing MPP Leeds-Grenville-Thousand Island and Rideau

More information

Pan-Canadian Trust Framework Overview

Pan-Canadian Trust Framework Overview Pan-Canadian Trust Framework Overview A collaborative approach to developing a Pan- Canadian Trust Framework Authors: DIACC Trust Framework Expert Committee August 2016 Abstract: The purpose of this document

More information

The Promise and Prospect of a new Fiduciary Environment

The Promise and Prospect of a new Fiduciary Environment YOUR GUIDE TO GLOBAL FIDUCIARY INSIGHTS The Promise and Prospect of a new Fiduciary Environment Blaine Aikin & Kristina Fausti Topics Proposals for a fiduciary standard Proposals for regulatory oversight

More information

Experienced. Focused. Reliable.

Experienced. Focused. Reliable. Experienced. Focused. Reliable. Trusted advice during uncertain times. Argus Capital Partners LLC is an independent merchant banking firm focused on providing flexible and creative private equity solutions.

More information

Office of Small and Medium Enterprises (OSME) Bureau des petites et moyennes entreprises (BPME)

Office of Small and Medium Enterprises (OSME) Bureau des petites et moyennes entreprises (BPME) Build in Canada Innovation Program To Kickstart Innovation Programme d innovation Construire au Canada Encourager l'innovation Office of Small and Medium Enterprises (OSME) Bureau des petites et moyennes

More information

Brookfield Investment Partners, LLC 330 South Executive Drive #307 Brookfield, WI July 29, 2011

Brookfield Investment Partners, LLC 330 South Executive Drive #307 Brookfield, WI July 29, 2011 Item 1- Cover Page Michael J. Steppe William H. Bergner Lora J. Olenchek Brookfield Investment Partners, LLC 330 South Executive Drive #307 Brookfield, WI 53005 262-785-6751 July 29, 2011 This Brochure

More information

PRACTICE GEMS CONSTRUCTION LIEN ESSENTAILS Speaker Biographies

PRACTICE GEMS CONSTRUCTION LIEN ESSENTAILS Speaker Biographies PRACTICE GEMS CONSTRUCTION LIEN ESSENTAILS 2017 Speaker Biographies March 2, 2017 (short bio - as at March 2016) Edward (Ted) G. Betts Ted practices construction and infrastructure law. He is a certified

More information

Discovery: From Concept to the Patient - The Business of Medical Discovery. Todd Sherer, Ph.D.

Discovery: From Concept to the Patient - The Business of Medical Discovery. Todd Sherer, Ph.D. Discovery: From Concept to the Patient - The Business of Medical Discovery Todd Sherer, Ph.D. Associate Vice President for Research and Director of OTT President Elect, Association of University Technology

More information

Advancing Health and Prosperity. A Brief to the Advisory Panel on Healthcare Innovation

Advancing Health and Prosperity. A Brief to the Advisory Panel on Healthcare Innovation Advancing Health and Prosperity A Brief to the Advisory Panel on Healthcare Innovation November 2014 About ITAC ITAC is the voice of the Canadian information and communications technologies (ICT) industry

More information

America s Cooperative Electric Utilities The Nation s Consumer Owned Electric Utility Network

America s Cooperative Electric Utilities The Nation s Consumer Owned Electric Utility Network America s Cooperative Electric Utilities The Nation s Consumer Owned Electric Utility Network Electric cooperatives are an integral part of the $391 billion U.S. electric utility industry. They play a

More information

The Complexities of Mixed Use

The Complexities of Mixed Use The Complexities of Mixed Use 2:30 pm 5:00 pm Thursday, October 15, 2015 Piper Auditorium, Gund Hall MDes Real Estate & the Built Environment Harvard University Graduate School of Design 48 Quincy Street,

More information

The Governance. for Small-and Medium-Sized. Leaders from Alberta for the World

The Governance. for Small-and Medium-Sized. Leaders from Alberta for the World The Governance Program for Small-and Medium-Sized Enterprises Leaders from Alberta for the World Organizations reap many rewards from their governing boards - an agile response to the economy, a watchful

More information

PANEL DISCUSSION & ROUNDTABLES

PANEL DISCUSSION & ROUNDTABLES LIFE SCIENCES & HEALTH CARE EVENT Road to commercialization - Challenges, Opportunities & Successes that lie ahead in the Life Sciences and Healthcare Sectors Life Sciences and Healthcare is one of the

More information

Visa Inc Investor Day Speaker Biographies

Visa Inc Investor Day Speaker Biographies Visa Inc. 2017 Investor Day Speaker Biographies Alfred F. Kelly, Jr. Chief Executive Officer Al Kelly is Chief Executive Officer of Visa Inc. Prior to joining Visa, Mr. Kelly was President and Chief Executive

More information

NEWS RELEASE. Health authority boards receive new appointments

NEWS RELEASE. Health authority boards receive new appointments For Immediate Release 2017HLTH0098-001619 Sept. 22, 2017 NEWS RELEASE Health authority boards receive new appointments Ministry of Health VICTORIA The Government of British Columbia has appointed four

More information

EQUITY STRUCTURES FOR HIGH GROWTH ENTREPRENEURIAL VENTURES

EQUITY STRUCTURES FOR HIGH GROWTH ENTREPRENEURIAL VENTURES I. Introduction EQUITY STRUCTURES FOR HIGH GROWTH ENTREPRENEURIAL VENTURES Authored By Philip N. Krause Two categories of entrepreneurial ventures: Revenue Model Growth Model this is what we are discussing

More information

British Columbia, Gerry Armstrong. Ontario, Lois-Anne Brebner

British Columbia, Gerry Armstrong. Ontario, Lois-Anne Brebner British Columbia, Gerry Armstrong Gerry originally joined Opimian in the late 1970 s in Saskatchewan and renewed his membership after his return to British Columbia. He is now retired from the public service

More information

Kirkland Lake Gold Announces Management Appointments

Kirkland Lake Gold Announces Management Appointments NEWS RELEASE Kirkland Lake Gold Announces Management Appointments 1/3/2017 TORONTO, ONTARIO--(Marketwired - Jan. 3, 2017) - Kirkland Lake Gold Ltd. ("KL Gold" or the "Company") (TSX:KL), is pleased to

More information

LISA ROTH MONAHAN & ROTH, LLC 630 FIRST AVENUE SAN DIEGO, CA 92101

LISA ROTH MONAHAN & ROTH, LLC 630 FIRST AVENUE SAN DIEGO, CA 92101 LISA ROTH MONAHAN & ROTH, LLC 630 FIRST AVENUE SAN DIEGO, CA 92101 BACKGROUND Lisa Roth is the of Monahan & Roth, LLC, a regulatory compliance company providing services including professional consultations,

More information

APPENDIX 9 IDENTIFICATION OF AVISTA AND HYDRO ONE OFFICERS AND EXECUTIVES

APPENDIX 9 IDENTIFICATION OF AVISTA AND HYDRO ONE OFFICERS AND EXECUTIVES APPENDIX 9 IDENTIFICATION OF AVISTA AND HYDRO ONE OFFICERS AND EXECUTIVES Appendix 9 to Application Page 1 of 9 Appendix 9 to Application Page 2 of 9 Appendix 9 to Application Page 3 of 9 Appendix 9 to

More information

Board of Governors (BOG)

Board of Governors (BOG) Board of Governors (BOG) Members Eligible for Re-appointment 2017-18 Nancy Brown Andison and Alumni Nancy Brown Andison is a retired Partner of PricewaterhouseCoopers and an Executive of IBM Canada. A

More information

WOOD ROBERTS, LLC. Corporate Finance for Energy Online Brochure

WOOD ROBERTS, LLC. Corporate Finance for Energy Online Brochure WOOD ROBERTS, LLC. Corporate Finance for Energy Online Brochure August 2014 Downloaded from www.woodroberts.com Overview Founded in 1988, Wood Roberts offers a broad range of corporate advisory services

More information

Greg Nelson. Houston. Practice Areas. Admissions. Education. Partner, Tax Department

Greg Nelson. Houston. Practice Areas. Admissions. Education. Partner, Tax Department Greg Nelson Partner, Tax Department gregnelson@paulhastings.com Greg Nelson is office chair of the firm s Houston office and a partner in the Tax practice of Paul Hastings. He concentrates his practice

More information

T F White Collar, Compliance and Investigations > Anti-Corruption Compliance and Investigations >

T F White Collar, Compliance and Investigations > Anti-Corruption Compliance and Investigations > Jeremy B. Zucker Partner Washington, D.C. 1900 K Street, NW, Washington, DC, United States of America 20006-1110 T +1 202 261 3322 F +1 202 261 3333 jeremy.zucker@dechert.com Practice Areas International

More information

Seth Eric Shalov. MAI Capital Management, LLC. Form ADV, Part 2B Brochure Supplement

Seth Eric Shalov. MAI Capital Management, LLC. Form ADV, Part 2B Brochure Supplement Seth Eric Shalov MAI Capital Management, LLC 1360 East 9th St, Ste 1100 Cleveland, OH 44114-1782 (216) 920-4800 Form ADV, Part 2B Brochure Supplement January 1, 2016 This brochure supplement provides information

More information

Viking Advisory Group. Company Presentation September 2011

Viking Advisory Group. Company Presentation September 2011 Viking Advisory Group Company Presentation September 2011 Viking Advisory Group Mission To offer value added, high quality services within the disciplines of financial management, accounting, legal, insurance,

More information

University of Houston System. System-wide Public Art Committee (SPAC) Operating Procedures Manual

University of Houston System. System-wide Public Art Committee (SPAC) Operating Procedures Manual University of Houston System System-wide Public Art Committee (SPAC) Operating Procedures Manual I. Public Art Mission Statement Inspiring. Distinctive. Global. The University of Houston System's ambitious

More information

DIRECTORS EDUCATION PROGRAM

DIRECTORS EDUCATION PROGRAM DEP 27 MODULE II DIRECTORS EDUCATION PROGRAM FACULTY BIOGRAPHIES Academic Directors BIOGRAPHIES Loren Falkenberg, PhD Associate Dean, Human Resources and Organizational Dynamics Haskayne School of Business

More information

The Apollo Group at Morgan Stanley

The Apollo Group at Morgan Stanley The Apollo Group at Morgan Stanley A wealth advisory practice that provides clients with the financial planning and investment management services they require and deserve. Private Wealth Management: The

More information

Candidate Profile Form District Committee Election Kelly Anderson

Candidate Profile Form District Committee Election Kelly Anderson Kelly Anderson Compliance Director RBC Capital Marke Kelly Anderson is Compliance Director at RBC Wealth Management, a division of RBC Capital Markets, LLC. Since 2004 she has been responsible for the

More information

EXPLORATION DEVELOPMENT OPERATION CLOSURE

EXPLORATION DEVELOPMENT OPERATION CLOSURE i ABOUT THE INFOGRAPHIC THE MINERAL DEVELOPMENT CYCLE This is an interactive infographic that highlights key findings regarding risks and opportunities for building public confidence through the mineral

More information

Negotiating with Your Lender

Negotiating with Your Lender 1 By understanding each other s needs, expectations, and limitations, builders and lending institutions can effectively and easily work through concerns to the benefit of them both. Thursday, January 21,

More information

EXECUTIVE COMMITTEE. David Wan. Maureen Betses. President & Chief Executive Officer. Executive Vice President, Higher Education

EXECUTIVE COMMITTEE. David Wan. Maureen Betses. President & Chief Executive Officer. Executive Vice President, Higher Education David Wan President & Chief Executive Officer David Wan is chief executive officer of Harvard Business Publishing. He joined the company in July 2002. Wan is a distinguished operating executive with 30

More information

experience knowledge innovation

experience knowledge innovation LEAVE IT WITH US. experience knowledge innovation PROVIDING FULL LEGAL SERVICES TO BRING YOUR BUSINESS WORLDWIDE MC Valois Miranda is a new International Partnership with head-office in Lisbon, providing

More information

HFMA Summer Conference

HFMA Summer Conference HFMA Summer Conference August 11, 2017 Intermountain Lake Park Facility 4646 Lake Park Blvd Salt Lake City, Utah 84120 7.0 CPE hours 7:30 8:15 a.m. Continental Breakfast 8:15 8:30 a.m. Opening and Chapter

More information

Brief to the. Senate Standing Committee on Social Affairs, Science and Technology. Dr. Eliot A. Phillipson President and CEO

Brief to the. Senate Standing Committee on Social Affairs, Science and Technology. Dr. Eliot A. Phillipson President and CEO Brief to the Senate Standing Committee on Social Affairs, Science and Technology Dr. Eliot A. Phillipson President and CEO June 14, 2010 Table of Contents Role of the Canada Foundation for Innovation (CFI)...1

More information

Assurant, Inc. (Exact name of registrant as specified in its charter)

Assurant, Inc. (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event

More information

Then: Costs. Now: Processes. Next: Innovation.

Then: Costs. Now: Processes. Next: Innovation. Then: Costs Now: Processes Next: Innovation How are forest and paper companies transforming operations to take advantage of new opportunities and drive profits? Find out May 11, 2010 Then: Consolidation

More information

Biographies of the Asialink Leaders Program participants

Biographies of the Asialink Leaders Program participants Biographies of the Asialink Leaders Program participants 2017 Brisbane Leaders Geoff Bianchi Manager, Communication and Intelligence - Global Engagement The University of Queensland Geoff Bianchi is currently

More information

Brent Harris Chief Technology Officer and Co-Founder Eguana Technologies Inc.

Brent Harris Chief Technology Officer and Co-Founder Eguana Technologies Inc. Brent Harris Chief Technology Officer and Co-Founder Eguana Technologies Inc. Brent Harris, P. Eng, is CTO of Sustainable Energy Technologies, and a co-founder of the company. He led the development and

More information

Governance Model for a 700 Megahertz Broadband Interoperable Network for Public Safety in Canada. Workshop Results

Governance Model for a 700 Megahertz Broadband Interoperable Network for Public Safety in Canada. Workshop Results Governance Model for a 700 Megahertz Broadband Interoperable Network for Public Safety in Canada Workshop Results DRAFT 4: March 30, 2012 Table of Contents 1 Introduction... 1 2 Rationale... 3 3 Mission...

More information

Speakers Bio: Jenny Tian Managing Director

Speakers Bio: Jenny Tian Managing Director Speakers Bio: Jenny Tian Managing Director Jenny has been in the investment management industry for most of her career which started in 1998. Prior to her current roles in the Springs Capital top management

More information

Director Phillip Bain Chief Executive Officer (CEO)

Director Phillip Bain Chief Executive Officer (CEO) Phillip Bain Chief Executive Officer (CEO) Phillip Bain was appointed as CEO in August 2014 after three years as CEO of the Goulburn Valley Medicare Local. He has had extensive experience in health policy

More information

Introduction to SECURE Program

Introduction to SECURE Program Introduction to SECURE Program Thomas A. Cellucci, Ph.D., MBA Chief Commercialization Officer Department of Homeland Security Science and Technology Email: Thomas.Cellucci@dhs.gov Homeland Security Mission

More information

ANNUAL GENERAL MEETING AND FORUM ON MARKET TRANSPARENCY

ANNUAL GENERAL MEETING AND FORUM ON MARKET TRANSPARENCY ANNUAL GENERAL MEETING AND FORUM ON MARKET TRANSPARENCY Tuesday, April 29, 2014 Fairmont Royal York 100 Front Street West, Toronto ANNUAL MEMBER MEETING & FORUM TUESDAY, APRIL 29, 2014 AT 2:30 PM EASTERN

More information