BDC appoints Vice President Securitization - Experienced Structured Finance Professional Paula L. Cruickshank to head up Canadian Secured Credit Facility for BDC



    MONTREAL, May 13 /CNW Telbec/ - The Business Development Bank of Canada
(BDC) today announced the appointment of Paula L. Cruickshank as Vice
President Securitization, effective May 19. In this role, Ms. Cruickshank will
head up the Canadian Secured Credit Facility (CSCF), which BDC was asked to
establish and manage at the time of the Federal Government's January 27 budget
announcement.
    "We are pleased to welcome Ms. Cruickshank to BDC," says Executive Vice
President and Chief Financial Officer Paul Buron. "Her first task will be to
oversee the rollout of the Facility. Going forward, she will be responsible
for ensuring the Facility adequately meets the objectives established for the
program which is to stimulate economic activity by supporting sales of
vehicles and equipment in Canada. Her expertise and experience make her the
perfect candidate to fill this newly created position and to build a focused
securitization team at BDC."
    Ms. Cruickshank joins BDC after more than a decade at Scotiabank in
corporate banking and structured finance. She was most recently Director,
Structured Finance, responsible for asset-backed securities financing for an
auto manufacturer's captive finance company, as well as for vehicle leasing
and equipment financing companies and several credit card issuers. She also
played a leadership role in the structuring of asset-backed commercial paper
programs for Scotia Capital.
    She holds a Bachelor of Arts (Political Science) from Carleton
University, an International Master of Business of Administration from the
Schulich School of Business and a Masters in Law from Osgoode Hall Law School,
with a specialization in Banking and Financial Institutions.

    About BDC

    BDC is Canada's business development bank. From 100 offices across the
country, BDC promotes entrepreneurship by providing highly tailored financing,
venture capital and consulting services to entrepreneurs. Visit www.bdc.ca for
more information.




For further information:

For further information: Johanne Bissonnette, Media Relations Manager,
(514) 283-7929, Johanne.bissonnette@bdc.ca


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