After 10 years, Richard Rémillard to say goodbye to CVCA

Richard Rémillard, executive director of Canada’s Venture Capital and Private Equity Association (CVCA), will be leaving that position to form an independent consulting firm specializing in financial services, peHUB Canada has learned.

Joining the CVCA as its first executive director in 2003, Rémillard will continue to work with the association in various capacities until the end of 2014. He is launching his new business in the interim.

Prior to joining the CVCA, Rémillard was president of RCG, a financial services management consulting firm he founded in 1996. He was previously a vice-president of the Canadian Bankers’ Association, and a special assistant to the federal Minister of Finance between 1984 and 1989.

The CVCA has hired executive search firm Odgers Berndtson to recruit a chief executive officer (CEO), peHUB Canada has also learned. The new position is intended “to lead the organization to even greater heights and enhance the value it provides to member organizations and stakeholders,” according to the official posting published on the CVCA’s website today.

Peter van der Velden, CVCA president and managing general partner of Canadian venture capital firm Lumira Capital, told peHUB Canada that the introduction of the CEO role recognizes the diverse activities and responsibilities that are increasingly being assumed by the association. “Bringing on a CEO is an important next step in the CVCA’s evolution,” he said. Van der Velden expects the recruitment process to be completed by early 2014.

Founded in 1974, the Toronto-based CVCA is an independent, member-supported organization representing Canada’s venture capital and private equity industry. The organization’s approximately 260 members manage the majority of the industry’s fund capital.

Photo of Richard Rémillard courtesy of the CVCA.