Ottawa appoints ex-RBC exec Fukakusa as infrastructure bank chair: Reuters
Janice Fukakusa, a former Royal Bank of Canada chief financial officer, was appointed by Ottawa as the first chairperson of Canada's new infrastructure bank, Reuters reported. The Liberal government announced last November it would set up the agency to facilitate private investment in such projects as new roads and bridges in order to supplement government investment with funding from investors such as pension and sovereign wealth funds. The creation of the new entity is part of a broader plan to invest $180 billion over 12 years in improving the country's infrastructure.
6 July 2017•1 min read
