Paula Sambo

Toronto

Credit Reporter at Bloomberg News

Journalist at @business. Send tips and story ideas to [email protected]. DMs open. Opinions always mine obviously.

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Articles

AIMCo seeks new CIO amid push to expand Calgary office

1 week ago | calgaryherald.com | Layan Odeh |Paula Sambo

Article contentAlberta Investment Management Corp. is hunting for a new chief investment officer as it carries out an overhaul that began last year when the provincial government fired the board and its top executive. Sign In or Create an AccountArticle contentThe new CIO would be based in Calgary, the largest city in Alberta and the home of Canada’s major oil and gas companies.
Alberta Pension Looks For New CIO Amid Push to Expand Calgary Office

1 week ago | bloomberg.com | Layan Odeh |Paula Sambo

(Bloomberg) -- Alberta Investment Management Corp. is hunting for a new chief investment officer as it carries out an overhaul that began last year when the provincial government fired the board and its top executive. The new CIO would be based in Calgary, the largest city in Alberta and the home of Canada’s major oil and gas companies.
Arini-Lazard Fund Wins $200 Million From BCI Pension Fund

1 week ago | bloomberg.com | Paula Sambo |Layan Odeh

(Bloomberg) -- British Columbia Investment Management Corp. has made a $200 million anchor investment in a Europe-focused private credit fund launched by Arini Capital Management as part of the firm’s alliance with Lazard Inc. The Victoria-based pension fund manager, which oversees C$250.4 billion ($183 billion) in assets, also plans to allocate more than $400 million in additional co-investments alongside the fund, according to a statement.
Private Credit CEO Banned After Fraud Hits 26,000 Investors (2)

1 week ago | news.bloomberglaw.com | Melissa Shin |Paula Sambo

David and Natasha Sharpe, the husband-and-wife team found to have committed fraud at private lender Bridging Finance Inc., were fined and ordered by Canada’s top securities regulator to repay more than C$20 million ($14.6 million). David Sharpe, who was Bridging’s chief executive officer, was permanently banned from working or trading in the capital markets in Ontario.
Bridging Finance Executives Receive Fines, Bans in Ontario Fraud Case

1 week ago | bloomberg.com | Melissa Shin |Paula Sambo

Ontario Securities Commission in Toronto(Bloomberg) -- David and Natasha Sharpe, the husband-and-wife team found to have committed fraud at private lender Bridging Finance Inc., were fined and ordered by Canada’s top securities regulator to repay more than C$20 million ($14.6 million). David Sharpe, who was Bridging’s chief executive officer, was permanently banned from working or trading in the capital markets in Ontario.
Dye & Durham’s Ex-CFO Urges Sale After Stock Drops, Debt Mounts

2 weeks ago | news.bloombergtax.com | Paula Sambo

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
Dye & Durham’s Ex-CFO Urges Sale After Stock Drops, Debt Mounts

2 weeks ago | bloomberg.com | Paula Sambo

(Bloomberg) -- A former senior executive and shareholder of Canadian technology firm Dye & Durham Ltd. is asking the board to consider a full sale of the company, citing a plunge in shareholder value and growing competitive pressures. Ronnie Wahi, who was chief financial officer until 2018, criticized the company’s strategic direction in a letter sent to directors on Thursday, saying nearly C$1 billion ($740 million) in equity value has been lost under the current board.
Dye & Durham’s Ex-CFO Urges Sale After Stock Drops, Debt Mounts

2 weeks ago | news.bloomberglaw.com | Paula Sambo

A former senior executive and shareholder of Canadian technology firm Dye & Durham Ltd.is asking the board to consider a full sale of the company, citing a plunge in shareholder value and growing competitive pressures. Ronnie Wahi, who was chief financial officer until 2018, criticized the company’s strategic direction in a letter sent to directors on Thursday, saying nearly C$1 billion ($740 million) in equity value has been lost under the current board.
Canada's economy in 'suspended animation' amid trade war: CIBC CEO

2 weeks ago | financialpost.com | Paula Sambo

Article contentCanada’s economy is stuck in a state of “suspended animation,” with major new investments largely on hold, but may start to recover in the coming months, according to the head of one of the country’s largest banks. Sign In or Create an AccountArticle content“I don’t think it’s a crisis,” Canadian Imperial Bank of Commerce chief executive Victor Dodig said at an automotive industry event in greater Toronto.
Canada's Economy in 'Suspended Animation' During Trade War, CIBC Chief Says

2 weeks ago | financialpost.com | Paula Sambo

Article content(Bloomberg) — Canada’s economy is stuck in a state of “suspended animation,” with major new investments largely on hold, but may start to recover in the coming months, according to the head of one of the country’s largest banks. Sign In or Create an AccountArticle content“I don’t think it’s a crisis,” Canadian Imperial Bank of Commerce Chief Executive Officer Victor Dodig said at an automotive industry event in greater Toronto.