Canada Appoints Indo-Canadian Investment Expert Gurinder Grewal as Invest in Canada CEO

The Canadian government has announced a major leadership change at Invest in Canada, the federal agency responsible for attracting foreign direct investment, as the country looks to bring in $1 trillion in total investment over the next five years.

Prime Minister Mark Carney has appointed Indo-Canadian investment expert Gurinder Grewal as the new Chief Executive Officer of Invest in Canada. Grewal will serve a five-year, full-time term. At the same time, former Canadian ambassador to China Dominic Barton has been appointed Chair of the agency’s Board of Directors for a three-year, part-time term.

Grewal is the founder and managing partner of MEM Growth Partners and has extensive experience in putting capital to work across the energy, industrials, infrastructure and technology sectors. He previously spent more than a decade at Advent International, where he served as a partner and co-head of its Industrials, Infrastructure and Energy division.

Barton brings extensive experience in global business, investment and public service. He currently chairs Rio Tinto and LeapFrog Investments and spent more than 30 years at McKinsey & Company, including nine years as global managing partner. He also previously chaired Canada’s Advisory Council on Economic Growth and served as Canada’s ambassador to China from 2019 to 2021.

The new leadership team will have the responsibility of helping attract billions of dollars in new investment to Canada, particularly in energy, critical minerals, artificial intelligence and infrastructure. Invest in Canada will work with provincial, territorial, Indigenous and municipal governments, as well as the federal Major Projects Office, to connect major international investors with Canadian projects.