Career
He bought his first hotel in 1942 and went on to build and operate 22 hotels throughout Western Canada and the United States. 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.
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.
