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] an investment fund.[12]

Desmarais attended Lakefield College School[13] and earned a Bachelor of Science degree in economics from Harvard College and a Master of Business Administration degree from INSEAD.[14]

Board memberships

He is a director of:

Honours

In 2019, he was the recipient of the Arnold Edinborough Award (Business / Arts Awards)[20] recognizing his impact on the arts in Canada.

In 2000, he was awarded the Duke of Edinburgh's Award (Gold Level).[21]

He was recognized and honored as a talented and experienced MBA holder at the 2019 MBA Gala.[22]

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. "'Canada is one of the only places in the world where the American dream is still alive' — Paul Desmarais III on fintechs and the economy". financialpost. Retrieved 16 November 2020.
  8. Paul Desmarais III betting big on fintech, expecting more partnerships in the space, 18 June 2019, retrieved 16 November 2020
  9. Power Financial putting more money into fintech startup Wealthsimple, 2 March 2018, retrieved 16 November 2020
  10. "Paul Desmarais III - Portag3 - 2018 Canada FinTech Forum - Part 1/2 - YouTube". www.youtube.com. Retrieved 16 November 2020.
  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. Spring 2004
  14. "Paul Desmarais III - Profile". INSEAD. 5 December 2016. Retrieved 18 January 2018.
  15. "Robo-adviser Wealthsimple gets $50-million boost from Power Financial". Retrieved 19 January 2018.
  16. "Koho raises $8 million from Portag3 as Paul Desmarais III and Mike Katchen join board". BetaKit. Retrieved 19 January 2018.
  17. "Our Board". integramed.com. Retrieved 19 January 2018.
  18. Editorial, Reuters. "${Instrument_CompanyName} ${Instrument_Ric} People | Reuters.com". U.S. Retrieved 19 January 2018.
  19. "Paul Desmarais, III". www.wealthprofessional.ca. Retrieved 19 January 2018.
  20. "2019 Recipients". Business / Arts. Retrieved 18 February 2020.
  21. "Paul Desmarais III, MBA'10J". INSEAD. 5 December 2016. Retrieved 18 February 2020.
  22. Québec, Association des MBA du. "The 2019 MBA Gala". Association des MBA du Québec-1. Retrieved 16 November 2020.


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