Fondaction Asset Management strengthens its position in sustainable and impact financing with the appointment of Marc-André Binette as Vice-President and General Director

 

Montréal, January 11, 2024 – Marc-André Binette has been appointed Vice-President and General Director of Fondaction Asset Management (FAM), an impact-driven management firm that creates and delivers innovative, high-performance financial solutions to solve major environmental and social challenges, generating competitive returns.

Marc-André’s leadership in sustainable and impact financing has earned him a reputation for bringing about significant change and driving innovation, as evidenced by his track record of structuring initiatives. He has been instrumental in developing a range of investment solutions that address key issues such as energy efficiency, natural capital, affordable housing, and the circular economy.

“Marc-André’s appointment as head of FAM is a testament to our ongoing commitment to pushing the boundaries of financial innovation. With his extensive investment experience, he will play a key role in the continued development of FAM—a Fondaction subsidiary launched in 2022—within the Quebec financial community and worldwide. His wealth expertise is an invaluable asset that will complement our seasoned team of investment and impact experts in structuring unique investment opportunities and channelling capital into high-potential impact themes,” explained Stéphan Morency, Executive Chairman of Fondaction Asset Management’s Board of Directors.

Marc-André has over 25 years of investment experience, including 12 years with Fondaction leading various teams responsible for sustainable real estate and social infrastructure projects as well as private equity and co-investment funds. In addition to continuing his activities at Fondaction as Deputy Chief Investment Officer, Real Estate and Social Infrastructure, Marc-André will be co-directing FAM with Patrick Cabana, Vice-President and Chief Executive Officer of FAM. He also sits on numerous boards and investment committees, including the Canadian Venture Capital & Private Equity Association (CVCA) and Patrimonica Asset Management.

About Fondaction Asset Management (FAM)

Fondaction Asset Management is an impact-driven manager that creates and delivers innovative, high-performance financial solutions to solve major environmental and social issues, generating competitive returns.

As a subsidiary of Fondaction, FAM channels large-scale capital into high-potential impact sectors, accelerating the profound and sustainable transformation of the economy.

FGA currently manages fund platforms totalling over $480 million in areas such as energy transition, natural capital protection, environmental markets, and the circular economy.

For more information, please visit fondactionassetmanagement.ca.