BNET Industries

Last Fiscal Year Sales:$1.1B
  • Private
  • US
Dow Jones Description

Provider of Loans & Investments for New Businesses

President & CEO
A. Ian Gillespie
Number of Employees 1,020
Contact Information

151 O'Connor St

Ottawa

(613) 598-2500

NAICS Code Portfolio Management: 523920

Recent Events

  • EXPORT DEVELOPMENT CANADA MARKS 65 YEARS OF HELPING CANADIAN EXPORTERS

    11/20/09 - New Investment - View Story

  • Market Report -- In Play KGC

    11/11/09 - Joint Venture / Alliance - View Story

  • Davie Yards Unveils 3Q 2009 Financial Results

    11/11/09 - Joint Venture / Alliance - View Story

  • granted reorganization extension

    10/19/09 - Joint Venture / Alliance - View Story

  • From stimulus star to cash-crunch casualty

    8/23/09 - Licensing / Contract - View Story

  • EDC provides 12 million in financing to B.C.'s Teal Cedar

    8/04/09 - Financial Announcement - View Story

  • CAE Inc. and Fonds de solidarit� FTQ and Soci�t� g�n�rale de financement du Qu�bec SGF:...

    7/24/09 - Joint Venture / Alliance - View Story

  • EDC says it won't pick sides

    7/24/09 - Merger / Acquisition - View Story

News & Analysis

export development canada - All News and Analysis

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

  • How Canada escaped the worst of the Great Depression

    Canoe Money - 8/31/09 - View Story

  • Is it already over? How Canada escaped the worst of the Great Depression

    Canoe Money - 8/30/09 - View Story

  • CIBC, Sun Life put C$475 mln in Brookfield DIP fund

    Reuters - 8/19/09 - View Story

  • UPDATE 1-Brookfield Asset sets up C$1 bln DIP financing fund

    Reuters - 8/19/09 - View Story

  • Brookfield Establishes C$1 Billion Fund to Provide Debtor-in-Possession Financing With the Backing of EDC, CIBC and Sun Life

    Canoe Money - 8/19/09 - View Story

  • Brookfield establishes CAD 1 billion fund to provide Debtor-in-Possession financing with the backing of EDC, CIBC and Sun Life

    Canoe Money - 8/19/09 - View Story

  • Brookfield Establishes C$1 Billion Fund to Provide Debtor-in-Possession Financing With the Backing of EDC, CIBC and Sun

    Reuters - 8/19/09 - View Story

  • Brookfield Establishes C$1 Billion Fund to Provide

    Market Wire via MSN Money - 8/19/09 - View Story

  • MDN Inc.: Net Income of $1,153,330 or $0.012 Per Share

    Canoe Money - 8/13/09 - View Story

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