Who's who in #globaldev: February 2018 appointments

Paul Lamontagne will head FinDev Canada. Photo by: EDC

FinDev Canada

Canada’s first development finance institution, FinDev Canada, has appointed a managing director.

Paul Lamontagne, founding CEO and long-time chair of Enablis Financial Corporation, an impact fund that supports small and medium-sized enterprises in Africa, will be taking the helm of the new institution, which was established in 2017 with an initial capital of 300 million Canadian dollars to provide financial services to the private sector in developing countries. It will operate under Export Development Canada, the country’s export credit agency.

Lamontagne’s appointment is a significant milestone for the institution, which is still in the early stages of development. Among his priorities is expanding the team, refining the institution’s operational strategy, and engaging with key stakeholders in and outside Canada, according to a news release.

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About the author

  • Ravelo jennylei

    Jenny Lei Ravelo

    Jenny Lei Ravelo is a Devex Senior Reporter based in Manila. She covers global health, with a particular focus on the World Health Organization, and other development and humanitarian aid trends in Asia Pacific. Prior to Devex, she wrote for ABS-CBN, one of the largest broadcasting networks in the Philippines, and was a copy editor for various international scientific journals. She received her journalism degree from the University of Santo Tomas.