BNET Industries
Last Fiscal Year Sales:$1.1B
- Private
- US
Dow Jones Description
Provider of Loans & Investments for New Businesses
President & CEO
A. Ian GillespieNumber of Employees 1,020
Contact Information
151 O'Connor St
Ottawa
(613) 598-2500
Peer Companies
NAICS Code Portfolio Management: 523920
Recent Events
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EXPORT DEVELOPMENT CANADA MARKS 65 YEARS OF HELPING CANADIAN EXPORTERS
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Market Report -- In Play KGC
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Davie Yards Unveils 3Q 2009 Financial Results
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granted reorganization extension
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From stimulus star to cash-crunch casualty
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EDC provides 12 million in financing to B.C.'s Teal Cedar
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CAE Inc. and Fonds de solidarit� FTQ and Soci�t� g�n�rale de financement du Qu�bec SGF:...
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EDC says it won't pick sides
News & Analysis
Filter by
export development canada - All News and Analysis
Export Development Canada Licenses Kamakura Risk Manager for Credit Portfolio Management
Kamakura Corporation reported today that Export Development Canada, headquartered in Ottawa, has licensed the Kamakura Risk Manager risk management software system for credit portfolio management. EDC, which provides financial services to help Canadian companies and investors expand their international business in some 200 countries world-wide, selected Kamakura and the...
Insuring Canada's exports: the case for reform at export development Canada
The Study in Brief With Parliamentary review of the Export Development Act due in 2008, the federal government should seize the opportunity to streamline the operations and priorities of Export Development Canada EDC. Straightforward economic reasoning and ongoing developments in the global financial services industry call into question the...
Chariot Resources Announces Appointment of EDC, K-EXIM, and KfW IPEX-BANK to Provide Senior Loans to Mina Justa
Chariot Resources Limited ("Chariot") (TSX: CHD) is pleased to announce that its 70% owned subsidiary Marcobre S.A.C. ("Marcobre") has appointed Export Development Canada ("EDC"), The Export-Import Bank of Korea ("K-EXIM" or "Korea Eximbank"), and KfW IPEX-Bank (together, the "Agencies") to provide senior loans to Marcobre in an amount of up...
Chariot Resources Announces Appointment of EDC, K-EXIM, and KfW IPEX-BANK to Provide Senior Loans to Mina Justa.
TORONTO, ONTARIO, Oct 31, 2007 Marketwire via COMTEX -- Chariot Resources Limited ("Chariot") (TSX:CHD) is pleased to announce that its 70% owned subsidiary Marcobre S.A.C. ("Marcobre") has appointed Export Development Canada ("EDC"), The Export-Import Bank of Korea ("K-EXIM" or "Korea Eximbank"), and KfW IPEX-Bank (together,...
Zeligsoft Secures Series B Financing to Accelerate Sales, Marketing and Partnership Developments; Leading embedded software tools vendor adds semiconductor industry veteran to Board of Directors.
GATINEAU, QUEBEC, Jul 24, 2007 CCNMatthews via COMTEX -- Zeligsoft, a leading vendor of software development tools to the embedded computing industry, today announced the successful completion of a $5M Series B financing round. The investment was led by BDC Venture Capital BDC and includes an...
Nortel and Export Development Canada Amend Support Facility: Facility Extended.
M2 PRESSWIRE-15 December 2006-NORTEL NETWORKS: Nortel and Export Development Canada Amend Support Facility: Facility ExtendedC1994-2006 M2 COMMUNICATIONS LTD RDATE:14122006 TORONTO - Nortel* Networks Corporation [NYSE/TSX: NT] announced that its principal operating subsidiary, Nortel Networks Limited, has amended its master facility...
Nortel and Export Development Canada Amend Support Facility: Facility Extended.
M2 PRESSWIRE-15 December 2006-NORTEL: Nortel and Export Development Canada Amend Support Facility: Facility ExtendedC1994-2006 M2 COMMUNICATIONS LTD RDATE:14122006 TORONTO - Nortel(*) Networks Corporation (NYSE/TSX: NT) announced today that its principal operating subsidiary, Nortel Networks Limited, has amended its master facility...
Barrick's gold: Canadian mine threatens a Chilean watershed.
The website of Canadian mining multinational Barrick says its vision is "to be the world's best gold mining company by finding, acquiring, developing and producing quality reserves in a safe, profitable and socially responsible manner." Although no one would deny the profitability of the...
Sustainable Energy Arranges Export Financing.
CALGARY, ALBERTA, Oct 25, 2006 CCNMatthews via COMTEX -- Sustainable Energy Technologies Ltd ("Sustainable Energy") (TSX VENTURE:STG) announced today that it is has established arranged an Export Financing relationship with a leading multi-national bank and Export Development Canada. The initial facility - which...
SINOSURE, EDC JOIN HANDS TO SUPPORT CHINESE, CANADIAN FIRMS
AsiaInfo Services 11-09-2005 Sinosure, EDC Join Hands to Support Chinese, Canadian Firms BEIJING, Nov 09, 2005 SinoCast via COMTEX -- China Export & Credit Insurance Corporation Sinosure and Export Development Canada EDC clinched an official agreement to jointly support customers who...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| A. Ian Gillespie | President & CEO |
| Peter Allen | CFO & Senior Vice President |
| Peter Hall | Deputy Chief Economist |
| Stephen Poloz | Chief Economist |
| Eric Siegel | Executive Vice President-term Finance Services |
| Gilles Ross | Senior Vice President & Secretary |
| Rolfe Cooke | Senior Vice President-Term Finance Services |
| Sherry Noble | Senior Vice President, Technology |
| Susanne Laperle | Senior Vice President & HR |
| Marie MacDougall | Vice President & Treasurer |
| Rosemarie Boyle | Vice President, Corp Communications |
| Janet Roberts | Executive Director, Services |
| John Pendlebury | Marketing Sales Manager, Design |
| Patricia Guerra | Marketing Manager |
| Jim McArdle | General Counsel |
| Kate Voltan | Senior E-Government Advisor |
| Paul Gobeil | Leading Food Retailer |
| Vivian Poon | |
| David G. Unruh | Director |
| Lise Lachapelle | Director |
| Robert A. Fung | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Jim Dinning | Chairman of the Board |
| Ajay K. Virmani | Board of Directors |
| Ajit Someshwar | Board Member |
| Brian G. Heffernan | Board of Directors |
| J. Bernard Boudreau | Board of Directors |
| James A. Pattillo | Board of Directors |
| Leonard J. Edwards | Board of Directors |
| Margriet Zwarts | Board of Directors |
| Micheal J. Horgan | Board of Directors |
| Norman M Betts | Board of Directors |
| Pierre Macdonald | Board of Directors |
| Rayburn D. Doucett | Board of Directors |
| Raymond C. Setlakwe | Board of Directors |
| Robert J. Holt | Board of Directors |
| Rowland W. Fleming | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Export Development Canada | President & CEO | Current |
| Organization | Position | Status |
|---|---|---|
| Export Development Canada | CFO & Senior Vice President | Current |
| NAV Canada | Former | |
| Edc | Former |
| Organization | Position | Status |
|---|---|---|
| Export Development Canada | Deputy Chief Economist | Current |
| Export Development Canada | Vice President | Current |
| Logistics Quarterly | Current | |
| Carleton University | Master's Degree In Economics | Former |
| University of Toronto | Bachelor's Degree In Business | Former |
| Carleton University | Bachelor's Degree In Business | Former |
| Organization | Position | Status |
|---|---|---|
| Export Development Canada | Chief Economist | Current |
| Organization | Position | Status |
|---|---|---|
| Export Development Canada | Executive Vice President-term Finance Services | Current |
| Organization | Position | Status |
|---|---|---|
| Export Development Canada | Senior Vice President & Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| Export Development Canada | Senior Vice President-Term Finance Services | Current |
| Organization | Position | Status |
|---|---|---|
| Export Development Canada | Senior Vice President, Technology | Current |
| Organization | Position | Status |
|---|---|---|
| Export Development Canada | Senior Vice President & HR | Current |
| Organization | Position | Status |
|---|---|---|
| Export Development Canada | Vice President & Treasurer | Current |
| Organization | Position | Status |
|---|---|---|
| Export Development Canada | Vice President, Corp Communications | Current |
| Organization | Position | Status |
|---|---|---|
| Export Development Canada | Executive Director, Services | Current |
| Organization | Position | Status |
|---|---|---|
| Export Development Canada | Marketing Sales Manager, Design | Current |
| Organization | Position | Status |
|---|---|---|
| Export Development Canada | Marketing Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Export Development Canada | General Counsel | Current |
Array
| Organization | Position | Status |
|---|---|---|
| Systemscope Inc | Current |
| Organization | Position | Status |
|---|---|---|
| Yellow Pages Group | Vice Chairman, Metro Inc. Director, Trustee of the Fund | Current |
| Export Development Canada | Leading Food Retailer | Current |
| Metro | Vice-Chairman | Current |
| National Bank of Canada | Vice Chairman | Current |
| DiagnoCure Inc. | Board of Directors | Current |
| DiagnoCure Inc. | Member of the Audit and Risk Management Committee | Current |
| Loeb & Co. | President | Former |
| Iga Canada Limited | President | Former |
| Loeb & Co. | Chief of Operations | Former |
| Provigo Inc. | Former | |
| Yellow Pages Group | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Naaap Toronto Chapter | Vice President of Operations | Current |
| Cossette Communication Group Inc. | Account Coordinator | Current |
| Export Development Canada | Current | |
| Naaap Toronto Chapter | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Export Development Canada | Chairman of the Board | Current |
| Pomeroy Insurance Services Ltd | Chair of the Board | Current |
| J.W. Baker Insurance Agencies Inc | Chair of the Board | Current |
| Shaw Communications, Inc. | Director | Current |
| Elluminate, Inc. | Director | Current |
| Thunder Bay Terminals | Director | Current |
| Oncolytics Biotech Inc. | Director | Current |
| Parkland Income Fund | Board of Directors | Current |
| Rocky Mountaineer Limited | Board of Directors | Current |
| Irpp | Board of Directors | Current |
| TransAlta Corporation | Executive Vice President | Former |
| Park Land Company | Trustee | Former |
| Queen's University | Degrees | Former |
| Organization | Position | Status |
|---|---|---|
| Export Development Canada | Board of Directors | Current |
Ajit Someshwar was born in Bombay (Mumbai). Ajit is an honours graduate in Commerce and Economics from the University of Bombay. He obtained his Chartered Accountancy (C.A.) professional designation in India prior to moving to England, where he completed the English C.A. programme. Arriving in Canada from London in 1988, Mr. Someshwar was appointed as a senior manager for KPMG Peat Marwick Thorne, focusing on consulting assignments with the Ontario Insurance Review Board as well as advising several large insurance companies in Canada. From 1992-1997, Someshwar was VP Operations, Planning and Analysis for CIBC's (Canadian Imperial Bank of Commerce) bank assurance venture, where he was instrumental in introducing direct Property & Casualty Insurance to Canada for the first time in Canada. Since 1997, Someshwar has launched several companies under the CSI Group of companies in the arena information technology staffing, application development, security and risk management. Since the 1998 launch of CSI Group, it achieved an average annual growth rate in excess of 25 per cent. CSI deploys over 400 consultants, based in the United States, Canada, India and Europe. CSI's operations are increasingly global in scope, and reflect the growing interest among western corporations looking to alternative and cost-competitive solutions to managing their technology and risk management systems. In 2000 he founded Iter 8 Inc., a business process platform solutions company specializing in simplifying Insurance systems for medium to large insurers in Canada and USA. Currently he sits on its' board. In 2004 he was appointed as chair and CEO of Bates Project Management Consulting Inc. Bates specialises in project management training and consulting. In 2007 he became the President and CEO of Antex Designs Inc. a Mississauga based company manufacturing custom draperies. At present, Mr. Someshwar is actively involved in Canadian public affairs. He is a board member of Export Development Canada. EDC provides innovative financing, insurance and bonding solutions to Canadian companies that export goods and services, or invest in other countries. EDC operates in 200 markets worldwide, including 130 emerging markets. The EDC helps Canadian enterprises - mainly small and medium sized - to manage risk and capitalize on trade opportunities around the globe. Mr. Someshwar was also invited to join the Economic Advisory Council formed by Canada's Minister of Finance, Hon. James Flaherty. The Economic Advisory Council was established to provide advice to the Canadian Government as part of the Minister of Finance's national consultation on the 2009 budget, and on an ongoing basis afterward. Mr. Someshwar served as president of the Indo-Canada Chamber of Commerce (1991-93), where he introduced an awards program to recognize Indo-Canadian contributions to Canada. He commented on the awards program, "Unless we recognize our people on our own, no one will recognize them. We have to first show to ourselves that our people are real achievers. This is an excellent means to raise the Indo-Canadian profile." The Chamber now comprises more than 1,000 professionals and business members. Someshwar's impending book, India is a two volume project looking first at, 'The Other India' which he means to be the growing stature of the Diaspora. As many as 25 million Indians live and work abroad, some very successful in service, academia and manufacturing. In the second volume he looks at India itself, its interactions with the Diaspora, and how the mother country may benefit by adopting some of the flexible strategies developed by its entrepreneurs living abroad. Someshwar believes that much of the overseas Indian success
| Organization | Position | Status |
|---|---|---|
| Export Development Canada | Board Member | Current |
| Canada India Foundation | Board of Directors | Current |
| University of Bombay | Former |
| Organization | Position | Status |
|---|---|---|
| Export Development Canada | Board of Directors | Current |
David Unruh is a Director of TransLink. He is also a Director of Westcoast Energy Inc. and Union Gas Limited, both Duke Energy companies. Mr. Unruh joined Westcoast Energy Inc. as Senior Vice President, Law and Corporate Secretary in 1993 and continued in that role until March 14, 2002. From March 15, 2002 until his retirement on April 1, 2003, he was Senior Vice President and General Counsel for Duke Energy Gas Transmission's North American operations following which from April 1, 2003 to June 30, 2005 he became a non-executive Vice Chair of both Westcoast Energy Inc. and Union Gas Limited. Prior to his move to British Columbia to join Westcoast Energy, Mr. Unruh practiced business law in Winnipeg, Manitoba most recently as a partner of Aikins, MacAulay & Thorvaldson, Barristers and Solicitors. Mr. Unruh was born and raised Manitoba. He attained his B.A. in 1966 and his LLB in 1970 from the University of Manitoba. In 1979, Mr. Unruh was awarded an honorary Certified General Accountant degree. Mr. Unruh is also a director of Catalyst Paper Corporation, Corriente Resources Inc., Ontario Power Generation Inc., Pacific Northern Gas Ltd., The Wawanesa Mutual Insurance Company, The Wawanesa Life Insurance Company and The Wawanesa General Insurance Company and is a member of the Manitoba Bar Association and the Canadian Bar Association.
| Organization | Position | Status |
|---|---|---|
| Canada Line | Board of Directors | Current |
| Globe Foundation | Director | Current |
| Translink Corporation | Director | Current |
| Ontario Power Generation, Inc. | Director | Current |
| Pacific Northern Gas Ltd. | Director | Current |
| Westcoast Energy Inc. | Director | Current |
| Corriente Resources Inc | Director | Current |
| The Wawanesa Mutual Insurance Company | Director | Current |
| Wawanesa General Insurance Company | Director | Current |
| The Wawanesa Life Insurance Company | Director | Current |
| Union Gas Limited | Director | Current |
| Export Development Canada | Director | Current |
| Westcoast Energy Inc. | Senior Vice President | Former |
| Westcoast Energy Inc. | Vice Chairman | Former |
| University of Manitoba | Llb | Former |
| Organization | Position | Status |
|---|---|---|
| Export Development Canada | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Export Development Canada | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Export Development Canada | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Abitibibowater Inc. | President and Chief Executive Officer of the Canadian Pulp and Paper | Current |
| Abitibi-Consolidated, Inc. | Corporate Director | Current |
| Innergex Management Inc | Chair | Current |
| Thunder Bay Terminals | Director | Current |
| Export Development Canada | Director | Current |
| Financial Services Corp. | Board of Directors | Current |
| Russel Metals Inc. | Board of Directors | Current |
| Abitibibowater Inc. | Board of Directors | Current |
| Industrial Alliance Insurance | Board of Directors | Current |
| BNP Paribas SA | Board of Directors | Current |
| Abitibi-Consolidated, Inc. | Board of Directors | Current |
| BNP Paribas SA | Member | Current |
| Russel Metals Inc. | Member | Current |
| Strategico | President | Former |
| Strategico | Consultant | Former |
| Abitibi-Consolidated, Inc. | Consultant | Former |
| University of Montreal | Bachelor's Degree In Business Administration | Former |
| The University of Western Ontario | Former | |
| Harvard Business School | Former |
| Organization | Position | Status |
|---|---|---|
| Export Development Canada | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Export Development Canada | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Business Administration | Associate Professor | Current |
| University of New Brunswick | Associate Professor | Current |
| Starfield Resources, Inc. | Chairman | Current |
| SLAM Exploration Ltd. | Chairman | Current |
| SLAM Exploration Ltd. | Director | Current |
| Export Development Canada | Board of Directors | Current |
| Tembec Inc. | Board of Directors | Current |
| Rtica Corporation | Director | Current |
| The Nature Conservancy | Director | Current |
| New Brunswick Power Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Export Development Canada | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Export Development Canada | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Export Development Canada | Board of Directors | Current |
Robert A. Fung is the former founding chairman of the Toronto Waterfront Revitalization Corporation, a corporation established by the Government of Canada, the Province of Ontario and the City of Toronto to lead the $17 billion renewal of Toronto's waterfront. Mr. Fung is a member of the advisory body to the Capital Markets group at Macquarie Capital Markets Canada. He was the former Deputy Chairman of a predecessor company to Macquarie Capital Markets Canada. Mr. Fung is a member of the Board of Directors of a number of private, public and charitable organizations. He is Chairman of Crystallex International Corporation, Tonbridge Corporation, Tonbridge Power Corporation and Deputy Chairman of Kingsway International Holdings. He is also as a Director of Mount Sinai Hospital, Export Development Canada and GLOBE Foundation of Canada. He is on the Advisory Board of Marsh Canada as well as the former Vice-Chairman of Asia Pacific Foundation of Canada. He is a member of the Province of Ontario's BioCouncil and former Chairman of Smart Toronto. He was a member of the Prime Minister of Canada's Advisory Committee on Asia Pacific Economic Corporation, as well as a member of the Government of Canada's Department of Industry International Trade and Agriculture Team Canada Inc. Advisory Board, which provided advice to the Government of Canada in setting strategic direction and performance objectives for Canada's International Business Development From 1980 to 1998, he was Vice-Chairman and a Director of Gordon Capital Corporation. He was a senior member of the team that built that company into one of Canada's most innovative independent investment dealers at the time, participating in many of Canada's largest corporate transactions. From 1998 to 2001 he joined independent investment dealer Capital West as a Senior Partner. From 1967 to 1978, he was Vice-President and a Director of Dominion Securities Limited with responsibilities for its investment activities in Asia and the Middle East. He began his career in the investment industry in 1964 with Wood Gundy.
| Organization | Position | Status |
|---|---|---|
| The Tonbridge | Chairman | Current |
| Kingsway International Holdings Limited | Deputy Chairman | Current |
| Tonbridge Corporation - Tonbridge Power Inc | Chairman of the Toronto Waterfront Revitalization Corporation | Current |
| Tonbridge Power Inc | Chairman | Current |
| Globe Foundation | Director | Current |
| Export Development Canada | Director | Current |
| The Mount Sinai Hospital | Director | Current |
| Crystallex International Corporation | Executive Chairman & CEO | Current |
| Kingsway International Holdings Limited | Board of Directors | Former |
| Crystallex International Corporation | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Export Development Canada | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Export Development Canada | Board of Directors | Current |
Executive News
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How Canada escaped the worst of the Great Depression
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Is it already over? How Canada escaped the worst of the Great Depression
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CIBC, Sun Life put C$475 mln in Brookfield DIP fund
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UPDATE 1-Brookfield Asset sets up C$1 bln DIP financing fund
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Brookfield Establishes C$1 Billion Fund to Provide Debtor-in-Possession Financing With the Backing of EDC, CIBC and Sun Life
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Brookfield establishes CAD 1 billion fund to provide Debtor-in-Possession financing with the backing of EDC, CIBC and Sun Life
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Brookfield Establishes C$1 Billion Fund to Provide Debtor-in-Possession Financing With the Backing of EDC, CIBC and Sun
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Brookfield Establishes C$1 Billion Fund to Provide
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MDN Inc.: Net Income of $1,153,330 or $0.012 Per Share
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