Paul Desmarais III, scion of one of Canada’s richest families, is pitching a tent in the snow. Timothy Hodgson, a former Goldman Sachs Group Inc. banker, is juggling balls with soldiers in a team-building exercise, while the head of Barclays Plc in Canada struggles to snowshoe dragging a 25-pound sled.
Kevin Li, head of Canadian investment banking at Canadian Imperial Bank of Commerce, was promoted to lead its European business, according to Vlaad & Co., a Toronto-based financial-services recruiting firm.
Mike Ackland, an investment-banking analyst at Canadian Imperial Bank of Commerce, left to join Ontario Teachers’ Pension Plan’s infrastructure group, according to Vlaad & Co., a Toronto-based financial-services recruiting firm.
Robert Winslow left his agriculture analyst role at National Bank of Canada to join Bank of Montreal’s asset management unit as vice president and director of research, according to Vlaad & Co., a Toronto-based financial services recruiting firm.
AGL Energy Ltd., Marubeni Corp. and ERM Power Ltd. made final bids for two state-owned power plants being sold in Australia that may fetch more than A$1.5 billion ($1.3 billion), said three people with knowledge of the matter.
Hastings Funds Management Ltd. may team up with APG Groep NV, Europe’s largest pension fund manager, to bid for Australian toll-road operator Queensland Motorways Ltd., two people with knowledge of the matter said.
The Ontario Teachers’ Pension Plan has agreed to buy U.K. childcare provider for an undisclosed sum, according to a joint e-mailed statement today. *Investment made by private equity division, Teachers’ Private Capital, TPC: statement *Founded in 1983, Busy Bees operates 213 nurseries: statement *TPC plans to develop new locations and acquire other facilities head of Teachers’ London office Jo Taylor says