Michael Sabia

Michael Sabia   (businessman)
Born	Michael John Sabia September 11, 1953 St. Catharines, Ontario, Canada
Nationality	Canada
Alma mater	University of Toronto, Yale University
Parents	• Michael Joseph Sabia • Laura Sabia
Spouse	Hilary Pearson
Canadian business executive and civil servant. Attended 2017, 2018 and 2019 Bilderberg meetings when managing a public pension fund.  Canada/Deputy Minister/Finance In office December 6, 2020 - Present Employer Chrystia Freeland

Michael John Sabia is a Canadian business executive and civil servant who has helped introduce a number of supranational deep state polices. He attended the 2017, 2018 and 2019 Bilderberg meetings. From 2009 until January 2020, Sabia was president and CEO of the Québec public pension fund. He previously was CEO of BCE Inc. from 2002 to 2008. In November 2019, the University of Toronto's Munk School of Global Affairs and Public Policy announced that Sabia would be its new director. He was in that role from February to December 2020, when he was appointed by the Government of Canada as Deputy Minister of Finance. On May 23, 2023 Sabia was announced as the next CEO of Hydro-Québec, Quebec's public electricity utility.

In March 2020 during Covid, a few months before being appointed Deputy Minister of Finance, he wanted the government not "forfeit a precious opportunity to shape our future economy", by increasing debt to create a new generation of infrastructure with "clean energy" and retooling the healthcare system.

Personal life

Born in St. Catharines, Ontario, Sabia is the son of Michael Joseph Sabia and Laura Sabia (née Villela); both of his parents are of Italian descent. He attended Ridley College in St. Catharines. Sabia received his undergraduate education from the University of Toronto, and a graduate degree at Yale University.

His wife, Hilary Pearson, is the granddaughter of former Prime Minister Lester B. Pearson.

Career

Sabia held a number of senior positions in Canada's federal public service during the 1980s and early 1990s, including Deputy Secretary to the Cabinet of the Privy Council Office. Sabia's supervisor at that time, Clerk of the Privy Council Paul Tellier, left the public service in the early 1990s to assume the presidency of a Crown corporation, Canadian National Railway. He subsequently persuaded Sabia to follow him to help in privatizing the company. Sabia held a number of executive positions at Canadian National Railway during the 1990s, including the position of chief financial officer.

He left Canadian National Railway to join Bell Canada Enterprises in 1999 and became chief executive in 2002. In 2007, the BCE board of directors accepted an offer from the Ontario Teachers' Pension Plan to privatize the telecommunications company. Later that year, Sabia said he would leave Bell after the privatization deal was finalized. Sabia left Bell in July 2008 and was succeeded by George Cope. By December 2008, following the collapse of the debt market, the privatization deal fell apart.

On March 13, 2009, Sabia was named chief executive of Caisse de dépôt et placement du Québec (CDPQ), succeeding Fernand Perrault. At CDPQ, he was both president and CEO. On February 15, 2017, CDPQ announced that Sabia's mandate as president and CEO was renewed until March 31, 2021. Bloomberg said in 2019 that "under Sabia's tenure, the Caisse dove into international markets. About 64% of the fund, which manages the pension savings for the province of Quebec, is now in global markets versus 36% in 2009."

Sabia was a member of the Canadian Government's Advisory Council on Economic Growth, which advised the Canadian finance minister on economic policies to achieve long-term "sustainable growth". In 2016, the council called for a increase in permanent immigration to Canada to 450,000 people a year, in order to triple the population by 2100.

On November 12, 2019, it was announced that Sabia would be leaving CDPQ to become head of the Munk School of Global Affairs and Public Policy at the University of Toronto, ending his term at CDPQ a year early. He started the new role in February 2020. Sabia was replaced as head of CDPQ by Charles Emond in January 2020.

In April 2020, Sabia was appointed as Chairperson of the Canada Infrastructure Bank. In June 2020, he was named to the board of directors of the Mastercard Foundation.

On December 6, 2020, it was announced that Sabia would replace Paul Rochon as Deputy Minister of the federal Department of Finance. On January 27, 2021, Tamara Vrooman was appointed to succeed Sabia as Chairperson of the Canada Infrastructure Bank.

 

Events Participated in

Event	Start	End	Location(s)	Description
Bilderberg/2017	1 June 2017	4 June 2017	US Virginia Chantilly	The 65th Bilderberg Meeting
Bilderberg/2018	7 June 2018	10 June 2018	Italy Turin Hotel Torino Lingotto Congress	The 66th Bilderberg Meeting, in Turin, Italy, known for months in advance after an unprecedented leak by the Serbian government.
Bilderberg/2019	30 May 2019	2 June 2019	Switzerland Montreux	The 67th Bilderberg Meeting
WEF/Annual Meeting/2017	17 January 2017	20 January 2017	Switzerland WEF	2952 known participants, including prominently Bill Gates. "Offers a platform for the most effective and engaged leaders to achieve common goals for greater societal leadership."
WEF/Annual Meeting/2019	22 January 2019	25 January 2019	Switzerland WEF	"The reality is that we are in a Cold War [against China] that threatens to turn into a hot one."
WEF/Annual Meeting/2020	21 January 2020	24 January 2020	Switzerland WEF	This mega-summit of the world's ruling class and their political and media appendages happens every year, but 2020 was special, as the continuous corporate media coverage of COVID-19 started more or less from one day to the next on 20/21 January 2020, coinciding with the start of the meeting.

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References

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