Eugene Pechet

Eugene Pechet
Born (1916-09-22)September 22, 1916
Romania[1]
Died 23 August 2008(2008-08-23) (aged 91)
Occupation Hotel owner
Banker
Businessperson
Spouse(s) Rose Simkin
Children Howard Pechet

Eugene Pechet (September 22, 1916 – August 23, 2008) was a Canadian hotelier and banker. He bought his first hotel in 1942 and went on to build and operate 22 hotels throughout Western Canada and the United States.[2][3]

Banking industry involvement

With Charles Allard, Pechet also founded the Canadian Western Bank, formerly the Bank of Alberta. They started the bank with three employees working out of an office located in one of Mr. Pechet’s hotels.[4] As of 2010, the CWB has total balance sheet assets of just under $12 billion, assets under administration of over $8 billion and assets under management approaching $1 billion.

Awards and achievements

  • In 1997, Pechet won the Pinnacle lifetime achievement award.

References

  1. ↑ Livingstone, Barb (June 6, 2014). "Vineyard dreams". The Calgary Herald. Retrieved June 13, 2014.
  2. ↑ "Entrepreneur Eugene Pechet dead at 91". The Edmonton Journal.
  3. ↑ "Pechet, Legendary Edmonton Hotelier dies at 91" (PDF).
  4. ↑ "Canadian Western Bank celebrates 25 years of success" (PDF). CWB Corporate Website.
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