Stanley Hartt, Newton Glassman, and Jeremy Fraiberg
Friday September 28, 2012 Toronto Roundtable Event: Duties of a Director When a Public Company is in Play
Stanley Hartt is the Chairman of Macquarie Capital Markets Canada Ltd., since March, 2009. Macquarie is a global provider of banking, financial advisory, investment & funds management services. Macquarie operates in 28 countries with approximately 14,200 employees globally.
Mr. Hartt was called to the Quebec Bar in 1965 and worked for the firm of Stikeman Elliott for twenty years. From 1985 to 1988, he was Deputy Minister of the Department of Finance, Canada. From 1989 to 1990, he was Chief of Staff in the Office of Prime Minister Brian Mulroney. From 1990 to 1996, he was Chairman, President and CEO of Campeau Corporation, a real estate and retailing enterprise. In 1996, he became Chairman of Salomon Brothers Canada Inc., later renamed Citigroup Global Markets Canada Inc., a post he held until December 2008. Mr. Hartt continued his public service as Chair of the Advisory Committee on Financing, established by the Minister of Finance during the Global Financial Crisis. He was also a member of the Canadian Task Force on Social Finance which reported in December 2010.
Newton Glassman is the Managing Partner of the Catalyst Capital Group Inc. Founded in 2002, Catalyst is one of the world’s top-performing private equity fund managers, as reported by Preqin, having experienced over 40% returns per year since the firm’s inception (without a single negative year in any fund). Catalyst specializes in control and/or influence investments in distressed and undervalued Canadian situations. Catalyst now manages five funds with assets of over $US 3 billion.
Catalyst’s motto of “we only buy what we can build” reflects the firm’s focus on helping to build industry leading businesses and the firm’s intentional focus on operational issues. Catalyst itself is seen as a “manufacturer” (i.e. of risk adjusted returns), as opposed to being an “aggregator” (i.e. those that seek to maximize Assets Under Management).
Mr. Glassman has more than 20 years of experience in private equity, distressed, and under-valued situations in Canada and the U.S. Before founding Catalyst, he was a Managing Director at Cerberus Capital Management LP where, among other things, he was responsible for Cerberus’ involvement in Canadian-based situations. Prior to Cerberus, Mr. Glassman held operational, strategic, and financial roles at a number of different firms. Mr. Glassman holds an M.B.A. from the Wharton School of Business at the University of Pennsylvania and both a J.D. and B.A. in Economics from the University of Toronto.
Jeremy Fraiberg is Co-Chair of Osler’s Mining Group. His practice focuses on corporate and securities law, with a particular emphasis on mergers and acquisitions and corporate finance. Jeremy has acted for public and private companies and investment bankers on a range of acquisitions, securities offerings and other corporate transactions. He was a senior policy advisor to the “Wise Persons’ Committee”, which was appointed to recommend the best securities regulatory system for Canada. Jeremy has taught at the University of Toronto Faculty of Law on contested mergers and proxy contests and has spoken and written about a range of legal issues. After graduating from law school he served as a law clerk to Chief Justice Antonio Lamer at the Supreme Court of Canada.
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