OTTAWA, Aug. 28 /CNW Telbec/ - Export Development Canada (EDC) today
announced the posting of a senior equity manager in Beijing, China to help
further develop trade and investment opportunities for Canadian companies in
Asian markets. The focus will be on EDC's portfolio of investments in China,
India, and South East Asia. Investments by the end of 2008 are expected to be
more than USD 150 million.
Ms. Alison Nankivell, currently a senior portfolio manager within EDC's
equity team, has been named to the post. Ms. Nankivell, who is fluent in
Mandarin, has 18 years of experience within the China business field and
served as EDC's representative in Beijing from 2000 to 2004.
"Asia is a vital region for Canadian exporters and investors, and EDC's
ability to create business opportunities from its foreign equity investments
is an important part of our corporate strategy," said Stephen Poloz, EDC's
Senior Vice-President of Financing. "Ms. Nankivell's experience will be a
tremendous asset to EDC, and being based in the region will allow her to work
with our other representatives in the region to develop relationships with
more Asian companies and identify opportunities that match up well with
EDC's Equity Program helps Canadian business take advantage of
opportunities in overseas markets. This can be done either through a direct
investment in a company if capital is needed, or through strategic investments
in international and domestic equity funds, which greatly increases EDC's
networks of contacts and market knowledge. The principal objective for
Ms. Nankivell will be to connect these networks back to Canadian companies,
working with EDC's domestic account managers to proactively create business
opportunities for Canadian exporters and investors.
The strategic importance of China, India and South East Asia to Canadian
business continues to grow. EDC has a number of representations in the region,
including Shanghai, Beijing, New Delhi and Mumbai, who are tasked with
supporting EDC's client base in such key sectors as telecom, building products
and forestry, power, agrifood, automotive and consumer goods.
Since its creation, EDC's Equity Program has helped both directly and
indirectly more than 150 Canadian companies enter emerging markets. In Budget
2008, the Government of Canada identified EDC's ability to make equity
investments as an excellent vehicle to help Canadian companies - especially
small and medium sized ones - participate in the global economy. EDC now has
the flexibility to better tailor its equity program to specific Canadian
company needs, both at home and abroad.
EDC is Canada's export credit agency, offering innovative commercial
solutions to help Canadian exporters and investors expand their international
business. EDC's knowledge and partnerships are used by nearly 7,000 Canadian
companies and their global customers in up to 200 markets worldwide each year.
EDC is financially self-sustaining, is a recognized leader in financial
reporting and economic analysis, and has been named one of Canada's Top 100
Employers for seven consecutive years.
For further information:
For further information: Media contact: Phil Taylor, Public Affairs,
Export Development Canada, (613) 598-2904