Management
Mr. Malone has significant leadership experience in the Canadian financial services industry. Mr. Malone is currently Chief Executive Officer of the Corporation, as well as Chief Executive Officer of CanCap Management Inc., (“CanCap”), which is a technology-based consumer finance business focused on the automobile, installment loan, and credit card segment of the industry. Prior to joining CanCap, Mr. Malone spent 3 years with D+H Corporation, a global payments and lending technology provider, overseeing the Broker Services division. Mr. Malone began his career in the branch network with Trans Canada Credit (subsequently acquired by Wells Fargo Financial Corporation Canada) in Eastern Canada and rose through increasingly more senior positions to Vice President Credit Operations for all of Canada where he oversaw a diverse workforce of 300 employees. Mr. Malone was responsible for credit risk and quality of the Canadian portfolio and oversaw the centralization of all underwriting functions, adding controls, governance and improved service quality across all product lines. Mr. Malone also recently completed 6 years on the Board of Directors for Children’s Aid Society of Toronto.
Mr. Gupta is a seasoned finance professional and has held progressively more senior leadership positions in the finance function within the financial services industry, including consumer finance, corporate banking, capital markets, private banking and fund/investor services. Mr. Gupta is the Chief Financial Officer of CanCap where he is responsible for leading and managing the finance and compliance functions. Prior to joining CanCap, he worked at Citibank in Canada (Citi) for nearly twelve years. Most recently, Praveen was Chief Financial Officer of Citigroup Finance Canada, whose subsidiaries were engaged in consumer finance and fund/investor services businesses. In that role, he also oversaw the finance function for the insurance business, Citigroup governance and control policies/directives across Canadian franchise, and Finance Information Technology. Prior to Citi, he worked at PricewaterhouseCoopers, Canada (PwC) in their Financial Services assurance and advisory practice. Praveen is a chartered professional accountant(CPA, CA). He also holds CPA (US) and CA (India) designations as well as Bachelor of Commerce (Honors) degree.
Board of Directors
Mr. Stein is the founder, Chairman and CEO of the MPI Group, a property development and investment group with a track record in incubating, investing in, and managing successful companies. Mr. Stein is a founder of CAPREIT, Canada’s first TSX listed apartment REIT, where he served as its first CEO. He served as Chairman of CAPREIT until June 2022 and Chairman of ERES REIT (TSX) until April 2023. He currently serves as a Chairman of Propel Holdings Inc.(TSX) and is a past Director of FirstService Corporation (TSX/Nasdaq), McEwen Mining Inc. (NYSE/TSX), and Goldcorp Inc. (2000-2006). Mr. Stein is a graduate engineer and has an MBA in finance and international business from Columbia University.
Mr. Skinner is a seasoned executive covering a broad spectrum of financial services and has a deep understanding of the entire lifecycle of consumer financial products. He has a proven track record as a solutions innovator, expert problem solver and risk-based decision enabler. Mr. Skinner has been with Trans Union for nearly 7 years and is currently the President – International. Prior to Trans Union he has worked across a variety of financial service verticals and held roles as Chief Credit and Operating Officer for HSBC Retail Bank and Wealth Management and Chief Executive Officer for HSBC Financial. He has been an active business advisor to other organizations in Canada and is currently a board member in Mexico for Buro de Credit. Mr. Skinner holds an undergraduate degree from Saint Mary’s University and an Executive MBA from Schulich/Kellogg, York University/Northwestern. He has had along and varied involvement in the financial services industry and supporting community organizations, including Junior Achievement, Child Rescue Coalition, United Way, and many minor sports organizations.
Mr. Newman is the founder and CEO of Fionic Canada Ltd, a B2B2C consumer lender which uses machine learning and advanced computer engineering to fund consumer loans originated by third party lenders as well as the founder and CEO of Harrison Equity Partners, a credit and private equity investment firm based in Toronto. Mr. Newman holds a B.A. degree from Dartmouth College and a J.D. from Dalhousie University. and has over 30 years of experience as a principal investor and lender across a range of businesses and assets spanning North America, Europe and Asia.
Mr. Ray has been the Chief Executive Officer of Realvest Management, a privately-owned company with investments that include real estate, mortgages and other financing, since 2007. Previously, for 27 years until his retirement in 2007, Mr. Ray was a partner at KPMG where he carried the role of audit partner and relationship partner for various public and private real estate and finance companies. Since December 30, 2013, Mr. Ray has also been a Director of Firm Capital Apartment Real Estate Investment Trust(TSXV: FCA.U), a U.S focused real estate investment trust that pursues multi-residential income producing real estate and related debt investments. Since August 7, 2014, Mr. Ray has been a Director of Firm Capital Mortgage Investment Corporation (TSX: FC.), a real estate mortgage lender. Mr. Ray holds a Bachelor of Commerce degree from University of Toronto, and a CPA, CA designation. His community involvement includes sitting on the Board of the Jewish Foundation of Greater Toronto, where he was a past Chair.
Mr. Valade is a senior executive with a proven track record of earnings and portfolio growth while improving corporate governance, risk controls and building a strong compliance culture at all levels of the organization. He has extensive experience in implementing best practices and successful business model changes and is a strategic thinker with a reputation for solving complex issues and building strong partnerships with lines of business, support functions and regulators. After a 29-year career with Wells Fargo he decided to retire at the end of 2020. Prior to his retirement, Rick led the regional operations for Canada and Latin America since 2017 and has been instrumental in building Wells Fargo's footprint across Canada. As country head in 2011, he led the establishment of the Canada Branch of Wells Fargo Bank, N.A. in 2012. When Rick joined Wells Fargo in 1991, he served as president for Wells Fargo Financial Canada, the former consumer finance arm. Rick now works as a consultant for CanCap. Mr. Valade is a board member of X-Factor Foundation, Chairman of the Association of Canadian Financial Corporations and is an advisory council member for First Canadian Title. Rick is a past cabinet member for the United Way of Peel, a Habitat for Humanity volunteer and a long -time participant in the Georgetown minor hockey association.
Mr. Malone has significant leadership experience in the Canadian financial services industry. Mr. Malone is currently Chief Executive Officer of the Corporation, as well as Chief Executive Officer of CanCap Management Inc. (“CanCap”), which is a technology based consumer finance business focused on the automobile, installment loan, and credit card segment of the industry. Prior to joining CanCap, Mr. Malone spent 3 years with D+H Corporation, a global payments and lending technology provider, overseeing the Broker Services division. Mr. Malone began his career in the branch network with Trans Canada Credit (subsequently acquired by Wells Fargo Financial Corporation Canada) in Eastern Canada and rose through increasingly more senior positions to Vice President Credit Operations for all of Canada where he oversaw a diverse workforce of 300 employees. Mr. Malone was responsible for credit risk and quality of the Canadian portfolio and oversaw the centralization of all underwriting functions, adding controls, governance and improved service quality across all product lines. Mr. Malone also recently completed 6 years on the Board of Directors for Children’s Aid Society of Toronto.
