Team

Team

Board of Directors

John F Driscoll
John F Driscoll Chairman
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John F Driscoll Chairman

John Driscoll is the Chairman of FAX Capital, a position he has held since acquiring the business in 2018. Mr. Driscoll also serves as Chairman of Federated Capital, a private single family office.

Prior to his current role, Mr. Driscoll was the founding chair and a director of Sentry Investments, a leading independent Canadian investment firm which grew in assets under management to approximately $19 billion from 1997 to 2017. In 2017, Sentry was acquired by CI Financial Corp. for $780 million.

Mr. Driscoll also founded and was the chairman of NCE Resources Group from 1984 to 2007, a company which focussed on drilling and development of oil and gas properties and resource investing. He was the founder and chairman of Petrofund Energy Trust, an oil and gas acquisition entity, from 1988 to 2006. In 2006, Petrofund Energy Trust was sold to PennWest Energy Trust for $3.7 billion, creating the largest energy trust in North America at the time with an enterprise value of approximately $11 billion.

Mr. Driscoll was the chairman of Inter Pipeline from 2002 through to 2013 when he retired from the board of directors. Inter Pipeline is a major petroleum transportation, natural gas liquids extraction and bulk liquid storage business based in Calgary with operations in Western Canada and Europe. Mr. Driscoll indirectly acquired control of Inter Pipeline when its enterprise value was approximately $700 million. By 2013, under his leadership and guidance, the company had grown to an enterprise value of approximately $12 billion.

Mr. Driscoll was the founder of both Allied Oil & Gas Corp. and Endev Energy Inc., holding the position of chair from 1999 to 2001 and from 2002 to 2008, respectively. After building both companies, Allied Oil & Gas Corp. was sold to the City of Medicine Hat and Endev Energy Inc. was sold to PennWest Energy Trust. He was the founder  and chairman of C.A. Bancorp Inc., a private equity company focused on the acquisition of mid-cap industrials, from 2005 to 2011. He was the founder and chairman of Charter Real Estate Investment Trust, which specialized in the acquisition of shopping centres, from 2007 to 2010. He also has founded numerous public limited partnerships as well as public and private energy and investment-related companies. During his career, Mr. Driscoll raised over $30 billion in Canadian capital markets for enterprises he controlled.

Mr. Driscoll received his Bachelor of Science degree from the Boston College Business School and attended the New York Institute of Finance for advanced business studies.


He is a member of the CFA Institute and also attained the professional manager designation with the Canadian Institute of Management.

Frank Potter
Frank Potter Lead Independent Director
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Frank Potter Lead Independent Director

Frank Potter is the Lead Independent Director of FAX Capital. Mr. Potter is retired and has been an independent director for a number of public, private and not-for-profit corporations. Mr. Potter has a background in international banking in Europe, the Middle East and the United States. He managed the international business of one of Canada’s principal banks before being appointed to the executive board of the World Bank Group in Washington where he served for 9 years, including as lead director and Chair of the bank’s Steering Committee.

Mr. Potter subsequently served as a Senior Advisor at the Department of Finance for the Canadian government. He is formerly the chair of Emerging Markets Advisors, Inc. (a Toronto based consultancy that assisted corporations in making and managing direct investments internationally). Mr. Potter served on a number of boards, including Canadian Tire Corporation, Limited, Canadian Tire Bank (2008 to 2014), Obsidian Energy Petroleum Ltd. (formerly known as Penn West Petroleum Ltd.) and the Royal Ontario Museum, where he is a former chairman of the board of governors.

Mr. Potter obtained a Military Degree in April 1958 from the Royal Military College of Science in the United Kingdom

Blair Driscoll
Blair Driscoll Director & Chief Executive Officer
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Blair Driscoll Director & Chief Executive Officer

Blair Driscoll is the Director & Chief Executive Officer of FAX Capital, a position he has held since the business was acquired in 2018. Mr. Driscoll also serves as the Co-CEO of Federated Capital, a private single family office. Prior to his current role, Mr. Driscoll  was a director and the Vice President, Investment Operations, of Sentry Investments. Prior to that, Mr. Driscoll was an Associate Portfolio Manager of Sentry Investments. Mr. Driscoll began his career at CIBC World Markets, working in the Equity Research Department supporting coverage in the Canadian telecom and media sectors. Mr. Driscoll holds an MBA from the Rotman School of Management, University of Toronto.

Edward Jackson
Edward Jackson Independent Director
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Edward Jackson Independent Director

Edward Jackson is an Independent Director of FAX Capital. Mr. Jackson is a well-respected industry leader with over 30 years of experience in the financial services industry. He most recently served as Managing Director, Head - Investment Funds Group, with RBC Capital Markets, a position he held until his retirement in December 2015.

Prior to that, from 1992 to 1998, Mr. Jackson held several senior management positions within the Royal Bank of Canada covering some of Canada’s largest financial institutions. Mr. Jackson currently serves as an advisory board member for EnerTech Capital, a private investment firm focused on innovation in the energy and power industries within North America, and as an independent review committee member for Middlefield Group, a private Canadian asset manager with $4.5 billion in assets under management. He also currently serves as a hearing committee member for the Investment Industry Regulatory Organization of Canada, and as a hearing council member for the Mutual Fund Dealers Association. From February 2011 to December 2015, Mr. Jackson also served as the President, CEO and Trustee of Advantage Preferred Share Trust, a TSX listed closed-end fund.

Paul Gibbons
Paul Gibbons Independent Director
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Paul Gibbons Independent Director

Paul Gibbons is an Independent Director of FAX Capital. Mr. Gibbons has over 35 years of accounting and audit experience, and prior to his retirement, was a partner at Deloitte LLP, Canada from 1997 to 2018.

Mr. Gibbons’ professional designations include being certified as a Chartered Professional Accountant (CPA) and Chartered Accountant (CA). He is also a member of the Institute of Chartered Accountants of Ontario. Mr. Gibbons has extensive experience with IFRS, SOX compliance and reporting requirements and CEO/CFO certification requirements for internal financial reporting controls. Mr. Gibbons has acted as chair for several audit committees in the not-for-profit sector.

Executive Team

Blair Driscoll
Blair Driscoll Director & Chief Executive Officer
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Blair Driscoll Director & Chief Executive Officer

Blair Driscoll is the Director & Chief Executive Officer of FAX Capital, a position he has held since the business was acquired in 2018. Mr. Driscoll also serves as the Co-CEO of Federated Capital, a private single family office. Prior to his current role, Mr. Driscoll  was a director and the Vice President, Investment Operations, of Sentry Investments. Prior to that, Mr. Driscoll was an Associate Portfolio Manager of Sentry Investments. Mr. Driscoll began his career at CIBC World Markets, working in the Equity Research Department supporting coverage in the Canadian telecom and media sectors. Mr. Driscoll holds an MBA from the Rotman School of Management, University of Toronto.

Edward Merchand
Edward Merchand Chief Financial Officer
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Edward Merchand Chief Financial Officer

Edward Merchand is the Chief Financial Officer of FAX Capital. Mr. Merchand also serves as the Treasurer of Federated Capital, a private single family office. Mr. Merchand has over 25 years of experience within the financial services industry, most recently as the  CFO of Sentry Investments.  Prior to that, Mr. Merchand was the CFO of Mackenzie Financial Corporation. Mr. Merchand’s professional designations include being certified as a Chartered Professional Accountant (CPA) and Chartered Accountant (CA). He is also a member of the Institute of Chartered Accountants of Ontario.

Ryan Caughey
Ryan Caughey General Counsel
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Ryan Caughey General Counsel

Ryan Caughey is the General Counsel and Corporate Secretary of FAX Capital. Mr. Caughey also serves as the General Counsel and Corporate Secretary of Federated Capital, a private single family office. Prior to his current role, Mr. Caughey was the Senior Vice President, General Counsel and Corporate Secretary of Sentry Investments. Prior to joining Sentry in 2006, Mr. Caughey worked as an associate lawyer at Osler, Hoskin & Harcourt LLP in Toronto. Mr. Caughey obtained a bachelor of laws from Queen’s University in 2002 and was admitted to the Law Society of Upper Canada in 2003.

Investment Team

Marc Robinson
Marc Robinson Managing Director
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Marc Robinson Managing Director

Marc Robinson is a Managing Director, Investments at FAX Capital.  Mr. Robinson has approximately 20 years of experience in financial services. Immediately prior to joining the Company, Mr. Robinson was the sole Portfolio Manager of the LDIC North American Small Business Fund (the “Fund”), the F1 Series of which, under his management, earned a total compound annual return since the inception of the F1 Series of 17.0% (from June 24, 2016 to April 30, 2019). The Fund won the Lipper Award in 2018 for Best 3 Year Performance, Canadian Focused Small/Mid Cap Equity. Prior to that, Mr. Robinson was a Research Analyst with Cormark Securities, where he was also a member of the firm’s Risk Committee and Executive Committee. Mr. Robinson previously was a Portfolio Manager and Partner at Lawrence Asset Management, a boutique asset management firm focused on hedge funds and closed-end funds, and began his career as an investment banker at Merrill Lynch & Company. Mr. Robinson has a degree in Statistics from the University of Western Ontario, an Honours and Masters of Business Administration degree from the Richard Ivey School of Business, and holds a Chartered Investment Manager (CIM) designation.

Nickolas Lim
Nickolas Lim Managing Director
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Nickolas Lim Managing Director

Nickolas Lim is a Managing Director, Investments at FAX Capital.  Mr. Lim has over 15 years of experience in assessment of Canadian investments, transaction structuring, board representation and M&A, including most recently with Hamblin Watsa Investment Counsel, Fairfax Financial Holdings Limited’s investment management subsidiary, and Brookfield Asset Management in the private equity group and public securities group. Mr. Lim brings experience in structuring, corporate governance and investment diligence in both public and private markets and across the capital structure. Active ownership experience include board roles and helping with operational turnarounds at portfolio companies. Mr. Lim previously worked as an analyst at two multi-strategy hedge funds and started his career in the mergers and acquisitions group of Scotia Capital Inc. Mr. Lim graduated from the University of Toronto with a Bachelors in Applied Science (Industrial Engineering), is a CFA Charterholder, and is a member of the Mechanical & Industrial Engineering Advisory Board of the University of Toronto.

Authi Seevaratnam
Authi Seevaratnam Associate, Investments
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Authi Seevaratnam Associate, Investments

Authi Seevaratnam is an Associate, Investments at FAX Capital. Mr. Seevaratnam has approximately 3 years of experience in the investment management industry. Immediately prior to joining the Company, Mr. Seevaratnam was an Analyst at Cambridge Global Asset Management where he worked directly with portfolio managers across various Canadian investment mandates. He has demonstrated an ability to identify, evaluate, and monitor investments across a broad spectrum of business models and industries. Mr. Seevaratnam completed a Bachelors of Mathematics at the University of Waterloo and a Bachelors of Business Administration at Wilfrid Laurier University. During that time, he had the opportunity to work as a Financial Analyst at Fairfax Financial Holdings Limited and as an Investment Banking Analyst at Scotiabank Global Banking and Markets. Mr. Seevaratnam is also a CFA Charterholder.