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The Onex Corporation logo is displayed at the company's annual general meeting in Toronto on Thursday, May 10, 2012.
The Onex Corporation logo is displayed at the company's annual general meeting in Toronto on Thursday, May 10, 2012.
(Nathan Denette/THE CANADIAN PRESS)

Onex promotes two to rare managing director jobs

January is promotion time at Onex Corp., and this year Canada’s biggest buyout firm has named two new managing directors.

That’s a significant increase in the senior team at Onex, where managing directors now number just eight dealmakers. There are also four senior managing directors. And of course, there is chief executive officer Gerald Schwartz, who founded the firm. That senior team of just more than a dozen oversees buyout funds with billions of dollars in capital.