Trudeau Hires BCG Adviser to Bring Foreign Investment to Canadaby
Canadian Prime Minister Justin Trudeau’s government is bringing in a Boston Consulting Group adviser to help it attract more foreign investment.
Kilian Berz, a senior partner and managing director at BCG’s Toronto office, will join the Privy Council Office, a branch of the public service that reports to Trudeau. Reached by phone Monday, Berz confirmed he’ll keep his position at BCG and won’t be paid for his government work.
Berz said he intends to focus on coordinating ministries, provinces and municipalities in attracting investment in Canada from major global firms. “I’m honored by the mandate and I look forward to working with the Prime Minister on this opportunity,” Berz said, adding he was drawn to the post by “an unparalleled opportunity for Canada to share the advantages we have as a country.”
Berz will join the Canadian delegation to the World Economic Forum in Davos this week -- a trip Trudeau himself backed out of -- and will provide insight on foreign investment from a private-sector perspective.
An economist who joined BCG in 1995, Berz is a member of the financial institutions and insurance groups at BCG. He’s a graduate of Oxford University and the University of Bonn.
It’s not the first time Trudeau’s government has reached outside its ranks for advice. It convened a so-called growth council led by McKinsey & Co.’s Dominic Barton, which made its first batch of recommendations in October, including that the government should create a special agency to attract foreign investment.
The government said in November it would spend C$218 million ($166 million) over five years to create a so-called Invest in Canada Hub and hire more trade commissioners, and Trudeau announced Canada would raise its threshold for government review of foreign takeovers to C$1 billion sometime in 2017, two years sooner than scheduled.
The federal government also plans to allocate C$35 billion to create an infrastructure bank to attract funding for major projects like roads, ports and electrical grids.