Archived - Minister of Finance Announces Appointment of New Chair of the Canada Development Investment Corporation Board of Directors

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June 30, 2015 – Ottawa, Ontario – Department of Finance

Finance Minister Joe Oliver today announced the appointment of Michael Mackasey as the new Chair of the Canada Development Investment Corporation (CDEV) Board of Directors. Mr. Mackasey was recently appointed to the Board of Directors of CDEV and is currently the Managing Director and Head of Equity Capital Markets Canada for Macquarie Capital Markets Canada. His appointment is for a four-year term.

Quick Facts

  • The Canada Development Investment Corporation is a holding company established in 1982 under the Canada Business Corporations Act. It manages investments assigned to it and it privatizes Government of Canada holdings when appropriate.

Quote

"I am pleased to announce the appointment of Mr. Mike Mackasey as Chair of the Board of Directors of the Canada Development Investment Corporation. His extensive experience in senior roles in the investment banking sector will enable him to play an important role in helping the Government manage its investments and corporate interests."

- Joe Oliver, Minister of Finance

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Media Contacts

Melissa Lantsman
Director of Communications
Office of the Minister of Finance
613-369-5696

David Barnabe
Media Relations
Department of Finance
613-369-4000

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Biographical Notes

Michael P. Mackasey

Michael P. Mackasey has 35 years’ experience in the financial sector, most recently as the Managing Director and Head, Equity Capital Markets Canada for Macquarie Capital Markets Canada. In March 2015, he was appointed to the Board of Directors of the Canada Development Investment Corporation.

Mr. Mackasey has provided advice to domestic, international and government clients throughout his career. He holds a Bachelor of Commerce degree from McGill University and a Master of Business Administration from the University of Western Ontario.

He is also a past Chair of the Investment Dealers Association of Canada for the Ontario district.