Since his birth in 1951, Michel Fragasso has lived in the riding of Louis-Saint-Laurent. He obtained his bachelor’s degree in administration (concentration in finance) from Laval University in 1976.
He set up the Financier Concorde Group and subsequently Capital Teraxis of which he was president until his recent nomination. The firm has more than 700 life insurance and mutual funds representatives, and employs approximately 100 people in Quebec and Ontario.
He was elected to the board of the Fédération des caisses populaires Desjardins de Québec, and was director of the Cooperation and Communications Division for the institution until 1991.
From 1976 to 1989 he created and ran Impotech, a company specializing in financial advice and the preparation of tax returns. His experience in taxation-related issues was also used by the Quebec Minister of Revenue, Yves Séguin from 1987 to 1989.
In the context of his professional career, Mr. Fragasso created the CFIQ (Quebec investment fund council) and served as second vice-president on the board of Canadian Investment Funds Institute. Mr. Fragasso also set up the AIFI (international association for investment funds).
Mr. Fragasso is married to Judith Fortin. They have two children, Michel-Étienne and Angela, both students at Laval University.