Power Sustainable Welcomes Bruce Heyman as CEO
Power Sustainable has made a significant leadership change with the appointment of Bruce Heyman as its new Chief Executive Officer. Bruce Heyman joins the team with an impressive background, having spent over three decades in wealth and asset management, which includes a pivotal role as a former partner at Goldman Sachs.
Expanding Sustainable Investment Strategies
In this new role, Mr. Heyman is tasked with advancing the company's mission, particularly aiming to accelerate growth in the U.S. market and establish Power Sustainable as a premier global leader in sustainable investments. Mr. Olivier Desmarais, who founded Power Sustainable in 2019, continues to serve as Chairman of the Board and emphasizes the strategic importance of this new direction.
Building on a Strong Legacy
Mr. Heyman has been a valuable Senior Advisor to Mr. Desmarais and the Power Sustainable team since 2021, contributing significantly to the firm's strategy. According to Mr. Desmarais, "Bruce is the perfect person to lead Power Sustainable as we enter this growth phase. His experience in both the private and public sectors and his commitment to sustainable economic growth position him ideally to expand our footprint in the U.S. market. I look forward to collaborating closely with him to drive continued growth at Power Sustainable."
Mr. Heyman’s Vision and Goals
With his extensive experience at Goldman Sachs, Mr. Heyman will focus on enhancing Power Sustainable's operational capabilities and increasing its visibility within the North American financial industry. His vision includes building a more sustainable future by deploying capital wisely and effectively. In his own words, "I am honored by the opportunity to work with Olivier and build on the incredible foundation that he has laid. Power Sustainable is uniquely positioned to accelerate capital deployment, achieving both competitive returns and positive sustainability impacts."
Strategic Focus Areas
As he steps into this role, scaling the company’s reach, working closely with the investment teams, and enhancing the firm's influential leadership in sustainability are key priorities for Mr. Heyman. Power Sustainable has achieved remarkable growth since its inception and currently manages CAD 3.9 billion in assets. This rapid expansion is backed by loyal shareholders and strategic partners, including Power Corporation of Canada and Canada Life, positioning the firm as a standout player in the alternative asset management landscape.
Power Sustainable’s Investment Strategies
Power Sustainable employs multiple investment strategies that target sustainable outcomes while ensuring competitive financial returns. This includes:
- Power Sustainable Energy Infrastructure (PSEI): Based in Montreal, PSEI invests in, develops, and operates renewable energy projects across North America. Launched in 2021, it has CAD 1.8 billion in capital commitments.
- Power Sustainable Lios (PSL): This Toronto-based platform focuses on mid-market food companies within North America's agri-food sector.
- Power Sustainable Infrastructure Credit (PSIC): Located in Miami, PSIC invests in diverse sustainable infrastructure projects, having recently announced a USD 600 million commitment.
- Power Sustainable Decarbonization (PSD): New to the landscape, PSD aims to contribute to the decarbonization of the North American economy by investing in mid-market companies.
About Power Sustainable
Power Sustainable is an alternative asset manager concentrating on sustainability. By financing sustainable projects, the firm seeks to deliver positive outcomes alongside competitive returns. The company, fully supported by Power Corporation of Canada (TSX: POW), is committed to catalyzing capital toward global clean solutions.
Frequently Asked Questions
Who is the new CEO of Power Sustainable?
Bruce Heyman has been appointed as the new CEO of Power Sustainable.
What experience does Bruce Heyman bring to the role?
Bruce Heyman brings over 30 years of experience in wealth and asset management, notably from Goldman Sachs, and has served as an ambassador.
What are the main goals for Bruce Heyman as CEO?
His goals include scaling Power Sustainable's reach, deploying capital sustainably, and enhancing the firm’s influence in the North American market.
What types of investments does Power Sustainable focus on?
Power Sustainable focuses on sustainable investments within energy, infrastructure, agri-food, and decarbonization sectors.
How much capital does Power Sustainable manage?
Power Sustainable currently manages CAD 3.9 billion in assets.
