TORONTO, ON, December 11, 2017 – The federal government tabled legislation as part of Budget 2017 to create the Canada Infrastructure Bank (“CIB”). The legislation sets the CIB’s purpose as attracting private investment in Canadian infrastructure projects that generate revenue and are in the public interest. Vlaad and Company, a Canadian financial services recruitment firm, was retained to help structure and be involved in the hiring of up to 50 employees expected to be added to CIB by the summer of 2018.
“The Canadian governments are embarking on one of the largest infrastructure programs in our history. It is an honour to be on the ground floor of this effort”, says Vlaad and Company, CEO, Bill Vlaad. “While we are a Canadian solution to executive search, our infrastructure team also provide deep knowledge on recent and expected developments in the sector and will play a key advisory role in the design and structure of the organizational and compensation plans.”
CIB will invest $35 billion from the federal government into transformative infrastructure projects. To execute this, the organization had to bring in an entire board, chaired by former Royal Bank of Canada, CFO, Janice Fukakusa. The entire senior management team, from the CEO to the execution teams will be sourced in the market. “Professionals in the industry are very interested in the prospects of working in what is effectively a startup, but a start up that will invest billions in the economy. What other opportunity can provide that?” says Vlaad.
Projects such as the 407 ETR, Toronto UP Express and Vancouver Canada Line are examples of revenue generation deals which CIB will encourage the adoption of new funding sources, adopting international best practices in project evaluation, improving the effectiveness of infrastructure investment in Canada and reducing the risk to taxpayers.
About Vlaad and Company
Vlaad and Company is a financial sector specialized recruitment firm providing full-service recruitment needs across Canada and winner of the 2017 HR & Training Award for Best Financial Services Recruitment Agency in Canada. Vlaad and Company manages career changes through innovation and thought leadership in the industry. Its weekly and monthly e-newsletter Bill’s Buzz and Women on the Move, reaches over a million people annually. Learn more about Vlaad and Company at vlaadco.com