Montréal, Québec, May 13, 2009 – The Business Development Bank of Canada (BDC) today announced the appointment of Paula L. Cruickshank as Vice President Securitization, effective May 19. In this role, Ms. Cruickshank will head up the Canadian Secured Credit Facility (CSCF), which BDC was asked to establish and manage at the time of the Federal Government's January 27 budget announcement.
"We are pleased to welcome Ms. Cruickshank to BDC," says Executive Vice President and Chief Financial Officer Paul Buron. "Her first task will be to oversee the rollout of the Facility. Going forward, she will be responsible for ensuring the Facility adequately meets the objectives established for the program which is to stimulate economic activity by supporting sales of vehicles and equipment in Canada. Her expertise and experience make her the perfect candidate to fill this newly created position and to build a focused securitization team at BDC."
Ms. Cruickshank joins BDC after more than a decade at Scotiabank in corporate banking and structured finance. She was most recently Director, Structured Finance, responsible for asset-backed securities financing for an auto manufacturer's captive finance company, as well as for vehicle leasing and equipment financing companies and several credit card issuers. She also played a leadership role in the structuring of asset-backed commercial paper programs for Scotia Capital.
She holds a Bachelor of Arts (Political Science) from Carleton University, an International Master of Business of Administration from the Schulich School of Business and a Masters in Law from Osgoode Hall Law School, with a specialization in Banking and Financial Institutions.
BDC is Canada's business development bank. From 100 offices across the country, BDC promotes entrepreneurship by providing highly tailored financing, venture capital and consulting services to entrepreneurs. Visit www.bdc.ca for more information.
– 30 –
Information:
Johanne Bissonnette
Media Relations Manager
BDC
514-283-7929
Contact by email
