Creating a platform for future growth
Building on our strengths and proven performance, we’re ready for more and are poised to begin a new and innovative chapter.

Building on our strengths and proven performance, we’re ready for more and are poised to begin a new and innovative chapter.
Corporate Overview
Street Capital Group Inc. operates primarily through its wholly owned subsidiary Street Capital Bank of Canada, which offers a broad range of deposit and residential mortgage solutions to Canadians. Street Capital is one of the largest lenders in the mortgage broker channel, with approximately 130,000 mortgage customers and a strong and sizeable network of broker relationships. The Company’s objective is to continue to create shareholder value by building a substantial, diversified financial services organization. The Company is headquartered in Toronto, Ontario, with offices in Calgary, Alberta and Vancouver, British Columbia.
Street Capital Group Inc. is listed on the Toronto Stock Exchange and trades under the ticker SCB.
Why invest in Street Capital
1. Shareholder-aligned management team with expertise in all retail lending products
Founded in 2007 as Street Capital Financial Corporation, the company proudly operated as a successful residential mortgage lender for almost ten years before receiving approval to convert into a Schedule I bank. Street Capital Bank of Canada commenced operations on February 1, 2017. Since that time, the company has continued to strengthen its management team, adding individuals with deep experience running mortgage and consumer lending operations in Canada. As a management team and board of directors, we are aligned with our shareholders as we collectively hold 25% of the outstanding common shares of Street Capital.
2. #7 player in mortgage broker channel – strong foundation of revenue and earnings
With over 200 employees and offices in Toronto, Vancouver and Calgary, we offer a broad range of competitive residential mortgage solutions to Canadians. Street Capital sources its mortgages primarily through its network of high-quality independent mortgage brokers. Mortgage brokers are an important distribution channel in Canada, capturing over half of first time homebuyers and 42% of repeat buyers, according to the 2015 Mortgage Consumer Survey by the Canada Mortgage and Housing Corporation (“CMHC”).
3. Proven risk manager
Our success, yesterday and tomorrow, will always be rooted in quality. We’re known for rigorous and proven underwriting. Our credit quality is well above industry average, with our serious arrears at half the industry levels and our CMHC early default rate, which is an indicator of the quality of the underwriting of our mortgage portfolio, at less than half the industry average. Our culture is established to live and breathe credit quality. The overall market is composed of distinct credit segments. Street Capital is focused on underwriting loans at the very top of the quality scale.
4. Predictable, high margin renewal stream – near-term growth catalyst
Although the Company outsources servicing of the mortgages it underwrites to third parties, it continues to administer them, and therefore remains the face of all direct communication with borrowers throughout the mortgage term. This ongoing customer relationship is a key part of the long-term growth, profitability and recognition of the Street Capital brand, since it promotes renewals. Acquisition costs of renewed mortgages are much less than those of new ones, meaning that renewals will be an important driver of future profitability. Street Capital Financial targets a renewal rate of approximately 75–80% for mortgages it has originated, which is in line with the industry norm, and expects to achieve higher overall margins as mortgage renewals become a greater part of its mix of business.
5. Schedule I bank – generating sustainable growth for many years to come
Ten years young, with over $25 billion of mortgages under administration, we are now at an inflection point. We are positioned to build on our proven strengths and scale to unlock the value of our approximately 130,000 customers and established broker relationships, through the launch of our Schedule I bank, Street Capital Bank of Canada. The addition of the bank licence will enable us to raise deposits for the expansion of products beyond insured residential mortgages. This will enable us to diversify our revenue sources and in the coming years we will expand into a full suite retail lending financial institution. Long-term, we see an opportunity in the Canadian market for a full-suite, multi-channel retail banking offer, enabled by technology.
6. Committed to driving solid returns on capital and shareholder value
As a management team and board of directors, we are aligned with our shareholders as we collectively hold 25% of the outstanding common shares of Street Capital. As we build-out our Schedule I bank platform, we are committed to prudent and profitable growth, with return on capital at the core of every decision we make.
Leadership
Our management team is broad, deep and diverse. With decades of cumulative experience, our leadership team brings a wealth of experience in financial services and strategic management.
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Duncan HannayPresident & Chief Executive Officer
Duncan Hannay is the President and Chief Executive Officer at Street Capital Bank of Canada and Street Capital Group Inc. Prior to joining Street Capital in September 2017, Duncan held the position of Chief Operating Officer at FINASTRA, the third largest fintech provider in the world. Duncan has more than 25 years of experience building and growing businesses in the financial services and technology sectors with roles including: President, Global Lending Solutions at D+H; Senior Vice President and Head of Marketing at Scotiabank; Managing Director and Head of Online Brokerage at Scotiabank; and President and CEO at E*TRADE Canada Securities. Duncan holds a Bachelor of Engineering degree from McMaster University and has also completed the Strategic Management in Banking, Business Administration and Management program at INSEAD. In 2010, he was inducted into the McMaster University Alumni Gallery, and in 2013, was named Strategy Magazine’s “Marketer of the Year.” Duncan currently serves as the past Chair of the Board of Directors of Covenant House Toronto, Canada’s largest shelter for homeless youth.
Marissa LauderExecutive Vice President & Chief Financial OfficerMarissa Lauder has been with the Corporation since 2015 and is the Executive Vice President, Chief Financial Officer and Corporate Secretary of Street Capital Group Inc. and Street Capital Bank of Canada. She is a seasoned financial executive with more than 18 years of experience in the financial services sector in Canada. Ms. Lauder was an executive at Home Trust Company for 6 years where she held executive positions in both Finance and Risk Management. Ms. Lauder also spent over 5 years at the Office of the Superintendent of Financial Institutions of Canada as a senior advisor in the regulation sector contributing to the development of local and international regulatory policy for accounting, capital and disclosure. She earned her CPA, CA designation while working in Ernst and Young’s Toronto Financial Services office and holds a Bachelor of Commerce degree from the University of Toronto.
R. Adam LevyExecutive Vice President and Chief Operating OfficerAdam Levy is Executive Vice President and Chief Operating Officer of the Corporation and of Street Capital Bank of Canada. Prior to taking on this role, Mr. Levy held the role of Chief Compliance Officer and among other day to day responsibilities, Mr. Levy led the Corporation’s strategic initiative of applying for and obtaining approval to operate the Corporation’s wholly owned subsidiary as a Schedule I bank. Mr. Levy was formerly Corporate Counsel and Senior Vice President of Corporate Development of the Corporation where he was responsible for, among other things, negotiating, structuring and completing the Corporation’s capital market and M&A transactions as well as overseeing certain aspects of the Corporation’s ongoing operations. Prior to joining the Corporation, Mr. Levy was an associate with Torys LLP where he focused on corporate finance and M&A transactions for both public and private companies in various industries. Before joining Torys LLP, Mr. Levy practiced securities and corporate law at other major law firms in Toronto and Boston. Mr. Levy was admitted to the bar in Ontario in 2004 and in Massachusetts in 2001. Mr. Levy holds an LL.B., from Osgoode Hall Law School, York University, an M.A. from the University of Toronto and a B.A. from the University of British Columbia.
Greg ParkerExecutive Vice President, Capital Markets and TreasuryGreg Parker is the Executive Vice President, Capital Markets and Treasury at Street Capital Bank of Canada and Street Capital Group Inc. Greg was most recently Executive Vice President, Strategy, at a major Canadian lender and Schedule I bank following positions as that institution’s Chief Risk Officer and Treasurer. Prior to these roles, he was the Director of the Capital Markets Division for the Office of the Superintendent of Financial Institutions (OSFI). Greg has also held a number of senior capital markets and trading positions with large Canadian and international investment dealers. He holds an MBA from Dalhousie University and an ICD.D designation from the Rotman School of Business.
Gary TaylorExecutive Vice President & Chief Risk OfficerGary Taylor is Executive Vice President & Chief Risk Officer of Street Capital Bank of Canada and an officer of Street Capital Group, Inc. Mr. Taylor joined the bank in June 2013 and has been instrumental in enhancing the company’s risk management infrastructure to bank-level standards. From 2002 to 2013, Mr. Taylor served in various M&A and tax positions for Street Capital Group, Inc. including the roles of Vice President Tax and Asset Management, and Managing Director of a Street-sponsored private equity fund. Prior to that, Mr. Taylor worked as a Senior Manager in the tax consulting practice of PricewaterhouseCoopers LLP in Toronto developing tax planning solutions for medium-sized and large multinational corporations. Mr. Taylor is a Chartered Accountant with 25 years’ experience in the areas of risk management, mergers and acquisitions. finance and tax.
Investor Toolbox
Street Capital Group Inc. is listed on the Toronto Stock Exchange (TSX:SCB)
Street Capital Group Inc. is listed on the Toronto Stock Exchange (TSX:SCB)
Investor Tools
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Corporate Governance Governance
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Shareholder & Stock Information Shareholder
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Financial Reports & Filings Financials
Corporate Governance
Street Capital Group Inc.’s Board of Directors is committed to sound corporate governance practices that are in the interest of shareholders and contribute to prudent and effective decision-making.
As such, Directors of the Street Capital Group have implemented thorough and effective corporate governance arrangements. The objective of the Board is to meet and, where appropriate, exceed all corporate governance guidelines.
Board of Directors
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Lea Ray – Chair
Ms. Ray is a Chartered Professional Accountant and seasoned board director, holding an Institute of Corporate Directors certification (“ICD.D”) from the Institute of Corporate Directors. Ms. Ray’s board experience spans various industries, where she has chaired several Audit, Finance and Governance Board Committees and has served as a board Vice Chair. Her financial career began with PricewaterhouseCoopers and she is a former executive, Vice-President Corporate Finance, of Warner Bros. Entertainment Canada Inc., where she was employed for 19 years. Ms. Ray has served on the Professional Conduct Committee of the Chartered Professional Accountants (Ontario) and has served as a board member and volunteer of several non-profit health, conservation and community institutions.
Ronald Appleby, Q.C.Mr. Appleby has been a partner at Robins, Appleby LLP since 1973 and was appointed Queen’s Counsel in 1982. Mr. Appleby’s practice includes consulting on income tax and business matters in major commercial transactions and corporate reorganizations, as well as estate planning for high-net- worth individuals. Mr. Appleby serves on the boards of directors of numerous corporations, and has played a leadership role in many major civic, philanthropic and cultural organizations. Mr. Appleby is a member of the Law Society of Upper Canada, the York County Law Association, the Canadian Bar Association, the Canadian Tax Foundation, the International Fiscal Association, and the Foundation for Legal Research in Canada. He was called to the Bar of Ontario with first class honours in March 1970. As well, he attained first class honours in four consecutive years at the University of Toronto, from which he holds a Bachelor of Commerce degree.
Tom BerminghamMr. Bermingham is a Chartered Professional Accountant and provides consulting services to financial institutions in the areas of governance, risk, compliance, treasury, finance and accounting. Mr. Bermingham has served as Director at Bank of Montreal Mortgage Corporation, Chief Risk Officer at Continental Bank of Canada, Treasurer and Vice President of Finance at Bank of Montreal, and President at the Canadian and North American Asset & Liability Management Associations. Mr. Bermingham is a member of the Institute of Corporate Directors, Professional Risk Managers’ International Association and Chartered Professional Accountants of Ontario. Mr. Bermingham received an Honours Bachelor of Mathematics degree from the University of Waterloo and completed the Advanced Leadership Program, Rotman Business School, University of Toronto and Executive Management Program, Ivey Business School, University of Western Ontario.
W. Ed GettingsMr. Gettings is credited as a founder and past Chief Executive Officer of Street Capital Bank of Canada, as well as Chief Executive Officer of Street Capital Group Inc. Mr. Gettings has previously held the position of CIBC Executive Vice President, Mortgages, Lending & Insurance. He served as overall executive leader for multiple business lines and oversaw long term strategic planning, annual plan execution and overall P&L responsibilities. By implementing the unique multi brand/channel residential mortgage lending strategy for FirstLine, President’s Choice Financial and CIBC brands, he helped create a strategy that successfully increased loan origination capability over 400% — resulting in growth to the #2 mortgage share position. Mr. Gettings holds a Bachelor of Business Administration from Wilfrid Laurier University.
Duncan HannayMr. Hannay is the President and Chief Executive Officer at Street Capital Bank of Canada and Street Capital Group Inc. Prior to joining Street Capital in September 2017, he held the position of Chief Operating Officer at FINASTRA, the third largest fintech provider in the world. Mr. Hannay has more than 25 years of experience building and growing businesses in the financial services and technology sectors with roles including: President, Global Lending Solutions at D+H; Senior Vice President and Head of Marketing at Scotiabank; Managing Director and Head of Online Brokerage at Scotiabank; and President and CEO at E*TRADE Canada Securities. Mr. Hannay holds a Bachelor of Engineering degree from McMaster University and has also completed the Strategic Management in Banking, Business Administration and Management program at INSEAD. In 2010, he was inducted into the McMaster University Alumni Gallery, and in 2013, was named Strategy Magazine’s “Marketer of the Year.” He currently serves as the past Chair of the Board of Directors of Covenant House Toronto, Canada’s largest shelter for homeless youth.
Ron LalondeMr. Lalonde served in a number of business, financial, operational, technological, risk management and human resources roles prior to his retirement from his position as Senior Executive Vice-President, Technology and Operations at CIBC in 2010. Mr. Lalonde is currently a director of D+H Corporation, a Toronto-based financial technology company, and of Morneau Shepell, a human resources consulting and technology company. Mr. Lalonde is also a Commissioner of the Toronto Transit Commission. Mr. Lalonde earned an MBA from the Ivey School of Business Administration, Western University and has received the Institute of Corporate Directors certification (ICD.D).
Morris PerlisMr. Perlis served as President of the Corporation from 1992 until 2001 and as Executive Vice Chairman from July 2009 to June 2015. In addition to his past experience at the Corporation, Mr. Perlis brings a wealth of expertise gained in senior strategic and management roles with other leading organizations. He spent 13 years with American Express Inc., including five years as President of American Express Canada. During that time he obtained approval for, and directed the launch of, the AMEX Bank of Canada, for which he also served as CEO. Mr. Perlis’s background also includes entrepreneurial activities. He spent four years as President and CEO of Mad Catz Interactive, during which time Mad Catz became the largest third-party manufacturer in its industry. Mr. Perlis has served on a number of private and not-for- profit boards, including the boards of Sears Bank of Canada, Sears Canada, Assante Corporation and the Baycrest Centre for the Aged Foundation. He is currently Chairman of the Board of UJA Federation of Toronto and a member of York University’s Schulich Business School Advisory Board and Toronto’s Mt. Sinai Hospital Board of Governors. He is also a board member of the Corporation’s former subsidiary, Heritage Global Inc., a U.S. public company and United States Security and Exchange Commission filer.
Carrie RussellMs. Russell is an experienced business line leader, product/solution designer, and builder of consumer and B2B brands in Financial Services and Technology Solutions companies. She has worked with financial institutions and fintech companies as an independent adviser on business transformation and growth, to identify, plan and manage the capabilities, changes and market engagement approaches required for success. Ms. Russell was formally EVP and Chief Marketing Officer at D&H, where she was instrumental in introducing new products and services. Prior to joining D&H, Ms. Russell held a variety of positions at major Canadian banks, most recently as a Senior VP in the retail banking segment. Ms. Russell has served on a number of private boards and committees and continues to do so. She holds a Corporate Director Certification from DeGroote School of Business and an Honours Bachelor of Arts from McGill University.
Governance Policies
The Board has adopted policies which reflect best practices in governance and disclosure. These include a Disclosure Policy, a Code of Conduct and Ethical Behaviour, a Whistleblower Code, and a Securities Trading Policy.
Committee Membership Audit Committee
MandateLea Ray (Chair)
Ronald Appleby
Tom BerminghamGoverance, Conduct Review and Compensation Committee
MandateMorris Perlis (Chair)
Ronald Appleby
Ron LalondeEnterprise Risk Management Committee
Mandate
Ron Lalonde (Chair)
Tom Bermingham
Lea Ray
Carrie RussellTransfer Agent & Registrar
Computershare Investor Services Inc.
General Shareholder Inquiries
1.800.564.6253 | 514.982.7555
services@computershare.comStreet Capital Group Inc.
1 Yonge Street, Suite 2401
Toronto, Ontario, Canada M5E 1E5
Tel: 647.259.7873 | 1.877.416.7879Auditors
Ernst & Young LLP
Year end December 31
Constating Documents &
By-LawsStreet Capital Group Inc. Articles of Incorporation
Street Capital Group Inc. By-Laws
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2018
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Quarterly Reports
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Street Capital Bank of Canada Regulatory Disclosures
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Webcasts
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Annual Reports & Filings
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Investor Presentations & Events
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2017
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Quarterly Reports
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Street Capital Bank of Canada Regulatory Disclosures
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Annual Reports & Filings
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Investor Presentations & Events
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2016
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Quarterly Reports
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Annual Reports & Filings
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Street Capital Bank of Canada Regulatory Disclosures
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2015
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Annual Reports & Filings
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2014
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Quarterly Reports
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Annual Reports & Filings
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Street Capital Bank of Canada Regulatory Disclosures
Q1
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Analyst coverage
Please note that any opinions, estimates or forecasts regarding Street Capital Group’s performance made by analysts covering Street Capital Group are theirs alone and do not represent the opinions, forecasts, or predictions of Street Capital Group or its management. Street Capital Group does not by its reference above imply any endorsement of or concurrence with such information, conclusions or recommendations.
Street Capital Bank of Canada: Our History
2017 – Street Capital Bank of Canada launches its first deposit product.
Continuing to remain competitive in the marketplace, Street Capital introduces a suite of GIC products sold and distributed by registered deposit dealers.
2017 – Street Capital launches its Street Solutions program.
Street Solutions provides Canadians with alternative lending options to achieve their goal of home ownership. The program targets the uninsured segment of the mortgage market by introducing unique lending solutions and relying on a common sense approach to lending practices.
2015 – Counsel Corporation is renamed Street Capital Group Inc.
After realigning its organizational structure from operating multiple businesses in diverse markets into a focused financial services company, Counsel Corporation changes its name to Street Capital Group Inc. to promote brand recognition and to enhance management's focus on growing Street Capital.
2017 – Street Capital Bank of Canada commences operations.
After receiving regulatory approval in late 2016, Street Capital Financial Corporation begins operations as Street Capital Bank of Canada on February 1, 2017.
2012 – Street Capital surpasses $5 Billion in annual mortgage originations.
Demonstrating its strength as a broker channel focused mortgage lender, Street Capital originates $5.5 Billion dollars worth of residential mortgages in 2012, the first year Street Capital achieved this important milestone, while surpassing $10 Billion dollars in mortgages under administration.
2013 – Street Capital receives approval to be NHA MBS issuer and CMB seller.
Street Capital receives approvals from the Canada Mortgage and Housing Corp. (CMHC) to be an approved issuer of National Housing Act mortgage backed securities (NHA MBS) and an approved seller under the Canada Mortgage Bond (CMB) program.
2009 – Street Capital surpasses $1 Billion in new mortgage originations.
Proving itself as an innovative and competitive mortgage lender, Street Capital originates $1.4 Billion dollars in only its second full year of operations.
2011 – Counsel Corporation acquires Street Capital Financial Corporation.
On May 31, 2011, Counsel Corporation re-enters the residential mortgage lending business by acquiring Street Capital Financial Corporation. Street Capital's existing management team stays with the company to continue to operate the business.
2007 – Street Capital Financial Corporation is founded by W. Ed Gettings, Paul Grewal, and Lazaro DaRocha.
2008 – Street Capital enters the Prime Residential mortgage market with the launch of an Insured mortgage lending product suite
Investor Relations
Contact Us
Street Capital Group Inc.
1 Yonge Street, Suite 2401
Toronto, Ontario, Canada M5E 1E5
Tel: 647.259.7873 | 1.877.416.7873
General Information
investorinfo@streetcapital.ca
Investor Relations & Media Contact
Jonathan Ross
Loderock Advisors
416.283.0178
jonathan.ross@streetcapital.ca
This site may contain forward-looking statements that involve known and unknown risks, uncertainties and other factors outside of Street Capital Group’s control. Before investing, we recommend you review Street Capital Group’s filings with securities administrators. This material is for information purposes only and does not constitute an offer to sell or a solicitation to buy securities.
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