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Michael Denham reappointed president & CEO of BDC

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Michael Denham reappointed president & CEO of BDC
Shady Salah – Media in Toronto
Canada has reappointed Michael Denham as the President and CEO of the Business Development Bank of Canada (BDC) for an additional one-year term, effective August 10, 2020. This was announced on Tuesday by Mary Ng, Minister of Small Business, Export Promotion and International Trade. Originally appointed CEO in August 2015, Michael Denham has led BDC in its purpose of supporting small and medium-sized businesses across the country with a wide range of lending support, advice and venture capital. His reappointment will provide much-needed continuity in BDC’s vital work during these extraordinary times, according to a press release. Denham is bilingual and holds a Bachelor of Arts from the Woodrow Wilson School of Public and International Affairs at Princeton University and a Master of Science in Economics with distinction from the London School of Economics. Prior to joining BDC, he held senior roles at McKinsey, Bombardier, Accenture and AquaTerra.
“In the past five years, BDC has reached a record number of entrepreneurs and has had a positive impact on businesses in every industry and every part of Canada. As we look ahead, the COVID-19 pandemic will continue to cause financial distress for business owners. BDC will be a key player in helping them with the capital and advice they need to rebuild their businesses. It is both a pleasure and an honour to be part of the team, and I’m looking forward to pursuing our purpose of supporting small and medium-sized businesses during these difficult times and into the recovery” he said.

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