Luc Ménard named COO of Desjardins private equity group

Desjardins Group has named Luc Ménard as chief operating officer of Desjardins Business Capital régional et coopératif. Ménard held the position on an interim basis following the June appointment of Marie-Claude Boisvert to senior vice-president, business services, at Desjardins, a Lévis, Québec-based financial co-operative. Ménard joined Business Capital régional et coopératif in 2007 and served in a variety of executive capacities, most recently as vice-president, investments. In his new role, he will oversee Desjardins’ private equity and venture capital funds: Capital régional et coopératif Desjardins, Capital Croissance PME and Desjardins-Innovatech.

PRESS RELEASE

Luc Ménard confirmed as Chief Operating Officer of Desjardins Business Capital régional et coopératif

MONTRÉAL, Aug. 4, 2016 /CNW Telbec/ – Desjardins Group President and CEO Guy Cormier is pleased to confirm Luc Ménard as Chief Operating Officer of Desjardins Business Capital régional et coopératif, a Group subsidiary. Mr. Ménard had held the position on an interim basis since Marie-Claude Boisvert was appointed Senior Vice-President, Business Services, Desjardins Group on June 14.

Desjardins Business Capital régional et coopératif serves primarily as the manager of Capital régional et coopératif Desjardins (CRCD), Capital Croissance PME and Desjardins – Innovatech.

Holding a bachelor’s degree in Engineering from Université de Sherbrooke and an MBA from Queen’s University, Mr. Ménard joined Desjardins Business Capital régional et coopératif senior management in 2007. With the organization since 2001, he served as Vice-President, Venture Capital, from 2007 to 2009, Vice-President, Buyouts and Major Investments, from 2009 to 2013 and then Managing Vice-President, Investments, from December 2013 until his appointment as Chief Operating Officer. As such, he has led a team of professionals with a solid presence across Québec specializing in company buyouts, development capital, business transfers and supporting the growth and development of cooperatives. Previously, he worked with large companies and in business startups in the telecommunications industry.

About Business Capital régional et coopératif
With capital under management of $1.8 billion, Desjardins Business Capital régional et coopératif, a subsidiary of Desjardins Group, is a development and venture capital fund manager. With its many partners that include the Québec government, CRCD, the Caisse de dépôt et placement du Québec, Desjardins Group and other economic actors in the province, Desjardins Business Capital régional et coopératif invests through its managed funds. With over 40 years of experience in the entrepreneurial market and some 20 business offices supporting over 450 companies, the organization is present in all regions of Québec. More than a financial partnership, it provides companies access to a business network and management expertise to accompany them through their growth and expansion stages and facilitate transfers, buyouts, mergers, acquisitions and initial public offerings.

For further information: Journalists only: Richard Lacasse, Desjardins Business Capital régional et coopératif, 418 835-8444 or 1 866 835-8444, ext. 556-3163, media@desjardins.com

Photo courtesy of Capital régional et coopératif Desjardins