Rothschild Names David W. Drinkwater Chairman and Head of Its Canadian Operations

    TORONTO, April 20 /CNW/ -- Rothschild announced today that David
Drinkwater has joined the firm as Chairman of Rothschild Canada. Mr.
Drinkwater will be based in Toronto, and will be responsible for all of
Rothschild's Canadian operations. With offices in Montreal and Toronto,
Rothschild has long-served the Canadian market providing senior level
corporate finance advisory services to corporations, governments and

    (Photo: )

    Over the course of his business career, Mr. Drinkwater has led senior
business, financial and legal teams at major Canadian companies such as
Nortel, Ontario Power Generation, and Bell Canada.

    David de Rothschild, Chairman of the worldwide Rothschild Group
commented: "We are pleased to have attracted David Drinkwater to head
Rothschild's Canadian business. We look forward to benefiting from his
judgment and experience as well as the many deep relationships he has with
leading Canadian business leaders."

    Mr. Drinkwater added, "Rothschild is one of the premier independent
financial advisory firms in the world, with a legendary reputation, and I am
delighted to be joining this great institution. The firm's long-established
business model of providing independent senior level corporate finance
advisory services is clearly what senior management teams and their Boards of
Directors are increasingly demanding of corporate financiers. I very much look
forward to working with the talented Rothschild bankers in both Toronto and
Montreal, and leveraging the firm's worldwide capabilities, to pursue the
numerous opportunities I believe there are to grow Rothschild's business in

    Mr. Drinkwater has had a distinguished legal and business career. He
joined Nortel in December 2005 as Chief Legal Officer and a member of their
Senior Leadership Team. From May to November 2007, he served as Nortel's
Acting Chief Financial Officer. Prior to that, he worked at Ontario Power
Generation which he joined in 1998 as an Executive Vice President with
responsibilities for corporate development and legal affairs and was later
appointed Chief Financial Officer. Before then, he worked at Bell Canada where
he served as Special Advisor on strategic planning and corporate development
to the Chairman and CEO of Bell Canada. He had also served as Group Vice
President, Law and General Counsel for Bell Canada.

    Mr. Drinkwater started his business career as a lawyer with the law firm
of Osler, Hoskin & Harcourt in Toronto and London, England, where he worked
for more than 20 years. He headed the law firm's Corporate Department and the
Securities Practice Group and was Managing Partner of Osler Renault, its
international affiliate.

    Mr. Drinkwater attended the Richard Ivey School of Business at the
University of Western Ontario where he obtained an Honours Bachelor of
Business Degree.  He also holds a Bachelor of Law Degree from Dalhousie
University in Halifax, Nova Scotia and a Masters of Law Degree from the London
School of Economics at the University of London in London, England.

    About Rothschild

    Founded nearly 250 years ago, Rothschild is a leading corporate financial
adviser providing advice globally on mergers and acquisitions, debt, equity
and restructuring. Rothschild's objectivity, its global network, and its
commitment to a relationship-driven approach, combine to create value for its
clients; building value through stability, integrity and creativity.
Rothschild is, through its c.1000 advisory bankers operating from 44 offices
in 31 countries, the adviser of choice to corporates, individuals and
governments worldwide, often on a repeat basis.


    Mark Semer
    Kekst and Company


    /NOTE TO PHOTO EDITORS: A photo accompanying this release is available on
    the CNW Photo Network and archived at
    Additional archived images are also available on the CNW Photo Archive
    website at Images are free to accredited
    members of the media/

For further information:

For further information: Mark Semer, Kekst and Company, +1-212-521-4800

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