Corporate Venture Capital

ATB Corporate Development Office

Investing across stages and sectors

ATB’s Corporate Development function looks for investment, venture, and acquisition opportunities that support ATB’s strategy and direction. This includes potential investments in technology businesses that are commercially partnered with ATB or that support ATB’s ongoing business and objectives.

The team is led by ATB’s Chief Financial Officer, Dan Hugo, a passionate business leader focused on developing both ATB and Alberta’s digital futures. The investment team of Shannon Ernst and Alan Stone bring many years of investment and capital markets expertise along with a commitment to realizing the potential of best-in-class technologies.

Meet the team

Daniel Hugo

Chief Financial Officer

Dan is a highly-accomplished financial service executive and corporate officer and has spent significant time in senior leadership with companies such as Bank of America, Capital One, and Ernst & Young and is actively involved with the FinTech community.

Shannon Ernst

MD, Corporate Development

Shannon has 20+ years experience in the capital markets in Canada, Europe and Silicon Valley and has covered a wide spectrum of financial disciplines in her career. Shannon represents ATB’s interests in a number of externally managed venture and PE funds and is a past director of the CVCA.

Alan Stone

AD, Corporate Development

Alan has 10+ years of experience in various corporate development, financial planning, and accounting roles.

Recent Portfolio Activities

Radical Ventures

In 2019, Radical Ventures launched a $350 Million USD VC fund focused on artificial intelligence. Investing in this fund and partnering with Radical is allowing us to support numerous businesses in the space of this disruptive technology.

Grow technologies

In 2019, ATB acquired the technology assets of Vancouver-based Grow Technologies Inc. The acquisition of this intellectual property and dedicated team will allow ATB to accelerate the development of its digital onboarding product for retail and business customers.