Laurel C. Broten
President & Chief Executive Officer
The board of directors of NSBI is pleased to introduce and welcome Laurel C. Broten as the President & CEO of Nova Scotia Business Inc. She brings to her new role a range of private-sector and public-sector expertise from a career that includes more than 20 years of experience in law, public policy and government.
Ms. Broten has extensive experience in cluster economic development and job creation with a focus on creative industries, food processing as well as the green energy and clean tech sectors. She has also led the development of innovative tools for economic independence such as microfinance and social enterprise initiatives for women and tackled the issue of youth at risk and unemployment. She brings diversity of perspective from a global advisory practice, which has included work in the Middle East.
Ms. Broten brings strong oversight skills, proven leadership abilities and in depth strategic analysis and planning expertise. She is an expert in results-based planning, budgetary and financial analysis. She has developed and implemented a number of transformative strategies to ensure evidence-based decision-making, modernized regulatory and funding regimes, and stronger, more robust accountability measures.
She is fluently bilingual and has lived in five Canadian Provinces. She served a number of portfolios in the Ontario government (Minister of Education, Minister of Children and Youth, Minister of Environment, Minister of Intergovernmental Affairs, Minister Responsible for Women’s Issues, and Vice-Chair of Treasury Board/Management Board).
Through her responsibilities as Vice-Chair of Treasury Board/Management Board, Ms. Broten provided oversight with respect to government investments in venture capital funds, business support programs, tax incentives as well as other areas of government support to the private sector with respect to economic development.
As former Minister of Intergovernmental Affairs, Ms. Broten brings significant international experience including hosting international trade and knowledge seeking missions, with extensive interface with representatives, officials and dignitaries from India, China and US. As well, she managed the government of Ontario’s interaction with one of the largest consular corps in the world, with more than 100 countries represented.
From July 2013, as President and CEO of Broten Public Policy International Inc., Ms. Broten provided strategic advice on complex public policy challenges, change management and government transformation to clients in Canada and abroad. She is the author of Charting a Path for Growth, Nova Scotia’s Tax and Regulatory Review released November 2014. From 1994 to 2003, Ms. Broten practiced law with three leading Canadian Bay Street Law firms, including Bennett Jones LLP. Her commercial litigation practice involved CCAA, Bankruptcy and Insolvency, contractual, commercial, shareholder and bondholder disputes, bank enforcement, securities and employment litigation as well as strategic advice with regard to litigation appraisal in the context of commercial transactions.
From 1993-1994, Ms. Broten served as a law clerk to Madam Justice Claire L’Heureux-Dubé at the Supreme Court of Canada.
Mr. Smith was appointed to the Nova Scotia Business Inc. Board of Directors in May of 2011 and stepped into the role of Interim CEO in August 2013. He has an extensive background in the financial, telecommunications and energy sectors. A former Chief Financial Officer with Maritime Telephone & Telegraph Ltd., he later served as Senior Vice President and Chief Financial Officer of Emera Inc. and its major subsidiary, Nova Scotia Power Inc.
Mr. Smith is the past chair and a current member of the Board of Governors for Acadia University, and also serves on the boards of AuRico Gold Inc. and PRO Real Estate Investment Trust, both listed on the Toronto Stock Exchange.
Mr. Smith has previously served on the Canada Pension Plan Investment Board and the Canadian Accounting Standards Oversight Council. He is the former national president of the Canadian Association for Community Living and the former chair of the Atlantic Provinces Economic Council.
Peter MacAskill is the Vice President at NSBI responsible for Business Financing, Regional Business Development, and Corporate Strategy & Intelligence as well as the Corporate Services function. Peter joined NSBI in 2002, with responsibility
for implementing a compliance and risk management program. Prior to
this, he spent eight years with TD Waterhouse in Toronto where he managed departments responsible for contract, clearing and mutual fund services for the brokerage lines of TD Bank.
Peter is a graduate of St. Francis Xavier University with a Science degree in Mathematics. He is a member of the Board and Executive Committee for Symphony Nova Scotia and chairs its Finance Committee. He volunteers with Fusion Halifax as a mentor and with Junior Achievement who inspire and prepare young people to succeed in a global economy. Peter lives in Halifax with his wife Nicole and their four children Noah, Liam, Erin and Emma.