Paula Cruickshank


Senior Vice President, Ontario and Virtual Bank
Business Development Bank of Canada

Paula Cruickshank was appointed Senior Vice President, Ontario in June 2020, overseeing BDC’s financing and consulting services across the province. She is also responsible for approximately 20,000 clients, after having taken over managing the Virtual Bank in fall 2019.

Paula brings more than 20 years experience in the banking industry to these roles. From 2017 to 2020, she was Senior Vice President, British Columbia and North, successfully growing the bank’s financing and consulting services throughout that region.

She joined BDC in 2009 as Vice President, Securitization, where she assumed responsibility for the management of the Canadian Secured Credit Facility – a $12 billion program established by the Government of Canada to help restart the asset-backed securities market. She also launched BDC’s Funding Platform for Independent Lenders (F-PIL), to provide capital to smaller financing and leasing companies.

Paula took on Syndicated Financing, in addition to Indirect Financing (formerly Securitization) in October 2015 and rebranded the unit to Wholesale Financing in June 2016. 

Before joining BDC, Ms. Cruickshank spent over 11 years with the Scotiabank Group, where she gained broad experience in Structured Finance and Corporate Finance.

Ms. Cruickshank holds an International MBA from the Schulich School of Business and an LL.M in Banking and Financial Institutions from Osgoode Hall Law School.