Appointment of new co-presidents - Réseau capital continues to build momentum

MONTREAL, Dec. 10 /CNW Telbec/ - Réseau Capital is pleased to announce the appointment of its new Co-Presidents, Geneviève Morin of Fondaction CSN and Shahir Guindi of Osler, Hoskin & Harcourt. They have been appointed for a two-year mandate and will take over from Janie Béïque (Solidarity Fonds FTQ) and François Chaurette (Novacap), who made a vital contribution to the Association during their mandate, which ended at the general meeting on Thursday.

Geneviève Morin is Chief Financial and Corporate Development Officer of Fondaction, le Fonds de développement de la CSN pour la coopération et l'emploi, where she also holds the positions of Assistant to the Secretary Treasurer of the Board, Treasurer of the Board, Secretary to the Executive Committee and member of the Investment Committee. She has been a member of Réseau Capital for almost 13 years and had been its Vice-President since 2006. At Fondaction, Ms. Morin is responsible for financial statements, budgeting, asset allocation, risk management and periodic investment valuation. As the leader of a four-member team, she is also responsible for investment in specialized funds and partnership development as well as for monitoring a portfolio of publicly traded Québec companies.

According to Geneviève Morin, Co-President of Réseau Capital "Québec companies must rise to new challenges: improved productivity, global marketing, innovation financing, emergence of a new generation of managers and entrepreneurs, etc.. Investment capital is an essential component of our ability to rise to these challenges. As the umbrella organization for the industry, Réseau Capital works to ensure the smooth functioning of the investment chain and aims to ensure all the industry's actors can play their role to support the development of our local businesses."

Shahir Guindi is Managing Partner of the Montréal office of Osler, Hoskin & Harcourt LLP, a national law firm. His practice focuses on mergers and acquisitions, corporate finance and private equity/venture capital. He acts for many private equity funds in their portfolio investments, as well as for investment banks in connection with corporate finance transactions. Mr. Guindi has extensive expertise in private equity fund formation. He sits on the boards of several companies and is a member of the Québec and New York State bar associations.

According to Shahir Guindi, Co-President of Réseau Capital "Our goal will be to continue the excellent work of our predecessors, Janie Beïque and François Chaurette. We have experienced a period of revitalization at Réseau Capital. We must continue this work by increasing the number and diversity of our members, increasing the value added that Réseau Capital offers its members and making Réseau Capital an indispensable and vital part of Québec's economy." 

Réseau Capital is pleased to present its new Board of Directors.

MEMBERS OF RÉSEAU CAPITAL'S
BOARD OF DIRECTORS
2010-2011

Geneviève Morin (CO-PRESIDENT)
Fondaction CSN

Shahir Guindi (CO-PRESIDENT)
Osler, Hoskin & Harcourt

Claude Dulude (VICE-PRESIDENT) 
Deloitte & Touche Canada Inc.

Pierre Bérubé (TREASURER)
KPMG

Eric Gosselin (SECRETARY)
McCarthy Tétrault, LLP

Monique Laliberté (OFFICER)
Caisse de dépôt et placement du Québec

Andrée-Lise Méthot (OFFICER)
Cycle Capital Management (Cycle Capital Fund I, LP)

Janie C. Béïque
Fonds de solidarité FTQ

François Chaurette
Novacap

André Dessureault
Desjardins Venture Capital

Jean-Pierre Ducharme
CIBC

Stuart M. Elman
Persistence Capital Partners

François Gilbert
Anges Québec

Daniel Hétu
Lumira Capital

Robert Inglese
Business Development Bank of Canada

Jean-Sébastien Lamoureux
National Public Relations

Eric Legault
Teralys Capital

Pierre-André Meunier
Celtic House Venture Partners

Claude Miron
BMO Capital Corporation

Pierre-Olivier Perras
BMO Capital Markets

Sylvie Pinsonnault
Investissement Québec

John Stokes
Real Ventures

François Tellier
Ernst & Young

Pierre Tessier (PRESIDENT OF THE QUÉBEC CITY CHAPTER)
Desjardins Venture Capital

About Réseau Capital

Réseau Capital, the Québec Venture Capital and Private Equity Association, was founded in 1989. Its members represent public and private venture capital companies also private equity funds, banks, dealers, angel investors, as well as firms of professionals working in the industry, and its mission is to contribute to the development and efficient operation of the investment cycle. Its principal objectives are training, information, networking, advocacy and representation.

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