CAI hires David Emerson as senior advisorNorth American private equity firm CAI Capital Management has appointed The Honourable David Emerson, PC, formerly Canada's Minister of Foreign Affairs, as senior advisor. Emerson's role will include advising CAI's portfolio companies and assisting the firm in identifying new investment opportunities, particularly in the West of Canada.
Emerson was appointed Minister of Foreign Affairs in 2008 and previously held positions including Minister of Industry, Minister of International Trade and Minister of Pacific Gateway and Vancouver - Whistler Olympics.
In British Columbia, he was the province's Deputy Minister of Finance, Deputy Minister to the Premier and later president of the British Columbia Trade Development Corporation.
In the private sector, Emerson served as president and CEO of Canfor Corporation, the first president and CEO of the Vancouver International Airport Authority and chairman and CEO of Canadian Western Bank.
Emerson said, 'I have been an investor in CAI's earlier funds and am a big fan of their low-leverage, operationally-focused style of investing. They have been able to produce strong returns and build sound businesses through two decades of private equity investing.'
Tracey McVicar, who heads CAI's Western Canadian operations, said, 'Mr Emerson's deep experience in international trade and his involvement with public/private partnerships will be of inestimable value to our firm in these challenging times.'
Founded in 1989, CAI has raised three funds to date.
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Private Equity News» By News Type» People News
Private Equity News» By Region» North America» Canada
