Export Development Canada (EDC) empowers Canadian businesses to thrive in global markets by offering financial products and services tailored to their growth needs and by playing a vital role in fostering a strong, sustainable and inclusive economy.
Today, the Honourable Mary Ng, Minister of Export Promotion, International Trade and Economic Development, announced the appointment of Alison Nankivell as EDC's new president and chief executive officer. Ms. Nankivell has more than 25 years of international investment and strategic planning experience and comes to EDC from the MaRS Discovery District, where she served as chief executive officer.
Ms. Nankivell's appointment will enable EDC to continue its critical work in helping Canadian businesses reduce financial risk and succeed in new markets at a pivotal time for EDC and worldwide. The breadth and depth of her experience in global trade finance, capital markets, risk management, and international business development will prove to be a tremendous asset for EDC and its customers. With a deep understanding of the complexities and opportunities in these sectors, she is uniquely positioned to navigate the evolving challenges facing Canadian businesses today.
Her appointment comes at a key moment as the federal government announced new measures to strengthen EDC in the recent Fall Economic Statement. These measures include expanding financing and insurance options for small and medium-sized businesses, and enhancing support for Canadian exporters navigating global markets. Her leadership will be instrumental in driving these initiatives forward as well asfostering growth and innovation in Canada's export sector.
During her 6-year tenure at EDC, outgoing president and chief executive officer Mairead Lavery, championed trade diversification, helping Canadian companies expand into key Indo-Pacific markets. Throughout her leadership, she prioritized sustainable, responsible and inclusive business practices, leading EDC to commit to net-zero emissions by 2050 as well as launch its Sustainable Finance Program and Inclusive Trade Strategy that supports equity-seeking businesses.
