News
Appointments
appointments
Bank of Canada adds another Goldman Sachs alum Mark Carney’s former colleague, Tim Hodgson, will soon become a special adviser to the Bank of Canada. Hodgson, CEO of Goldman Sachs Canadian operation, will spend 18 months as a special adviser to BoC’s governor beginning in September. “If you want to catch mice, then you need someone who really understands how the mice think and act,” said Ian Lee, Carleton University MBA head, of the appointee. As the central bank’s senior representative in charge of communicating with market players, Hodgson will help push the bank’s agenda past competing Bay Street interests and will work with regulators on new standards for the capital banks that are required to hold as a cushion. Before working in government, Carney spent over a decade at Sachs and worked with Hodgson for two years at Goldman in New York. CMP
Mortgage Architects announces the hiring of Suzanna Stefanec as national director of products. Stefanaec has been described as incredibly knowledgeable, the best resource in the industry and a “product guru” by her brokers. Stefanec earned the respect, loyalty and admiration of brokers, lenders and insurers across Ontario in her role as regional vice-president for the province. New brokers and experienced veterans alike look to Suzanna for advice and guidance. Her information has helped to propel Mortgage Architects’ brokers in Ontario to stellar business results. Now planners from across Canada will have a chance to build their businesses with Stefanec’s help.
At Equitable Trust, the following appointments and promotions have been made:
Declan Murphy
Merix exceeds $10 billion in mortgage originations Merix Financial surpassed $10 billion in mortgage originations today since the company first started. This was achieved in less than five years, quicker than any other lender in the industry. “Thank you for believing in our company,” wrote Boris Bozic, Merix founding president and CEO, in a press release to its approved originators. “Many of you took a chance on us when we first launched. Imagine a trailer fee lender with no assets under management being selective with whom it wanted to do business with! Lots of people thought we were crazy, that it could never sell. Not only did it sell, many of you this year are realizing the power of trailer fees because you are earning significant annual income on your book of business with Merix.” Merix thanks its wholesalers, insurers, investors, technology suppliers and its employees and management team at Paradigm Quest Inc. for all their contributions to getting to this milestone. CMP
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Tony Bentes
Declan Murphy has been promoted from residential mortgage officer to residential mortgage underwriter. Tony Bentes joins as residential mortgage underwriter. Michael Raghubar joins as commercial mortgage officer, and Dominik Turek became a residential mortgage officer. Also at Equitable Trust, Devika Kosmadia takes on the role of residential mortgage funder, while Mireille Janbazian and Lisa Ramkisson are new residential funding administrators.
Ron Swift, president of MCAP Service Corporation, is pleased to announce the appointment of Gino Tieri as vice-president, sales for MCAP Service Corporation. Tieri brings with him a wealth of sales leadership and strategic planning experience. Most recently he was with Maritz Canada, a leading marketing services company, as director of the business development group. Tieri was with Maritz for seven years and led efforts specific to channel development and channel enablement with top clients in key industries, including mortgage and technology. Prior to Gino’s role at Maritz, he spent over 10 years with Xerox, Moore Corporation and Navigata Communications in both sales and sales leadership roles. As the mortgage market changes, MCAP continues to evolve to better serve our broker customers by providing industry leading tools, processes and people.