Prem Watsa

Prem Watsa

Founder, chairman, and chief executive of Fairfax Financial Holdings

Introduction:

  • (Born 1950 in Hyderabad, India) is the founder, chairman, and chief executive of Fairfax Financial Holdings, based in Toronto, Ontario.
  • He has been called the “Canadian Warren Buffett” by some during successful periods of investing.

Education:

  1. Hyderabad Public School, Begumpet.
  2. IIT Chennai graduate in chemical engineering (1971).
  3. MBA from the Richard Ivey School of Business of the University of Western Ontario.

Industry profile:

  1. Member of the Board of Trustees of the The Hospital for Sick Children.
  2. Member of the Advisory Board for the Richard Ivey School of Business.
  3. Member of the Board of Directors of the Royal Ontario Museum Foundation.
  4. Chairman of the Investment Committee of St. Paul’s Anglican Church.
  5. In June 2009, he was installed as the ninth chancellor of the University of Waterloo.
  6. On January 22, 2012, it was reported he was to be appointed to BlackBerry handset maker, Research In Motion Ltd.
  7. On September 23 2013, Blackberry announced that it had signed a letter of intent to be acquired by Prem Watsa led Fairfax Financial Holdings in a $4.7 Billion deal.
  8. Fairfax Financial Holdings, an insurance-cum-investment company that Watsa founded in 1985, went on to become Canada’s most profitable company in 2008.

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