Shamshad R. Madhok, CPA, CA, CFA

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Infrastructure and Project Finance


York University

Sham Madhok is an associate partner with PwC Canada, and is the Canadian Deals Risk and Quality Leader. In that role she provides risk and quality advice to our Deals partners and staff, a practice that is composed of Corporate Finance; Corporate Advisory & Restructuring; Valuations, Modelling and Disputes; Forensic Services; Transaction Services; and Infrastructure and Project Finance. Sham also has responsibility for the Deals risk and quality review program, chairs the Project Acceptance Committee and has oversight of risk and quality issues for our Caribbean firm.

Sham has significant transaction experience advising public and private sector clients on project finance, transaction strategy and structuring, governance, procurement, risk management, payment mechanism and commercial terms. She has extensive global business experience over the last 24 years spanning Canada, the UK, the US, and other countries, where she advised on business models and transactions with a capital value in excess of $40Bn. She previously led PwC's Infrastructure and Project Finance practice in Ottawa, which she established in 2009. Sham continues to advise public sector clients on strategic infrastructure projects and priorities.

Recent transactions:

  • Advised City of Ottawa on the $2.1 Bn Ottawa Light Rail Transit project and the Lansdowne Redevelopment project;
  • Advised Public Works and Government Services Canada in the RFP evaluation, governance and commercial structure of the $33Bn National Shipbuilding Procurement Strategy

Prior to her current roles, Sham worked in Corporate Finance, Mergers & Acquisitions and Valuations in the Canadian mid-market sector, and held progressive positions in industry in retail, graphic arts and healthcare before joining PwC.

Sham was part of the pioneering team that established the Women's Initiative Network in 1994 at Coopers & Lybrand and was one of the first PwC partners to participate in PwC's Women in Leadership initiative. She is a mentor at the University of Ottawa Telfer Capital Markets Mentorship program, is a former governor of the Board of Governors and Audit Committee of the North York General Hospital and a former director on the Board of the Canadian Hearing Society, Toronto Chapter. Sham has completed the Get on Board governance training program with the Canadian Board Diversity Council. She is a Chartered Accountant, holds the Chartered Financial Analyst designation, is a graduate of York University and the Women's Leadership Forum at Harvard Business School.