Investing
Ex-Goldman Banker Heyman Named CEO of Desmarais’ Power Sustainable
- Former ambassador to run climate-focused investment business
- Olivier Desmarais stays as chairman, aims for profitability
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Power Sustainable, an investment firm controlled by Canada’s billionaire Desmarais family, tapped Bruce Heyman as its chief executive officer with a mandate to attract more capital from global institutional investors.
The company, a unit of Power Corp. of Canada, wants to boost its appeal to institutions and family offices, particularly in the US but also in Europe, Asia and Canada. So it’s turning to Heyman, who was a managing director at Goldman Sachs Group Inc. before being appointed by the Obama administration in 2014 as the US ambassador in Ottawa.