Canadian private equity firm Onex Corp has announced that Nigel Wright has returned to the firm. He will join Onex’s London team as a managing director. In 2010, Wright took a leave of absence to work as chief of staff for the Office of the Prime Minister of Canada. He had previously been with Onex for 13 years. Update: Wright left the Prime Minister’s office in May 2013 after cutting a personal cheque to pay back alleged improper expenses for Senator Mike Duffy. Based in Toronto, Onex currently manages about US$21 billion of assets under management, including US$6 billion of Onex capital, in private equity and credit securities.
Nigel Wright Returns to Onex
TORONTO, ONTARIO–(Marketwired – July 28, 2014) – Onex Corporation (“Onex”) (TSX:OCX) announced today that Nigel Wright will return to Onex joining the London team as a Managing Director.
“We missed Nigel during his leave of absence and are excited to have him back,” said Gerry Schwartz, Chairman and Chief Executive Officer of Onex. “Nigel is an experienced investor and a great asset to our team. His move to the UK reinforces our commitment to the London office.”
Mr. Wright took a leave of absence from Onex in 2010 to join the Office of the Prime Minister of Canada as Chief of Staff. He was previously a Managing Director with Onex for 13 years.
“I am very pleased to be back at Onex and am looking forward to helping build our business,” said Mr. Wright, Managing Director of Onex.
With offices in Toronto, New York and London, Onex is one of the oldest and most successful private equity firms. Onex acquires and builds high-quality businesses in partnership with talented management teams. At March 31, 2014, the Company had approximately $21 billion of assets under management, including $6 billion of Onex capital, in private equity and credit securities. Onex invests its capital directly and as the largest limited partner in each of its Funds. At March 31, 2014, Onex’ businesses had assets of $45 billion, generated annual revenues of $35 billion and employed approximately 231,000 people worldwide. Onex shares trade on the Toronto Stock Exchange under the stock symbol OCX. For more information on Onex, visit its website at www.onex.com. The Company’s security filings can also be accessed at www.sedar.com.
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