Street Capital Appoints Chief Product and Marketing Officer

Experienced digital and financial marketing executive Jeff Marshall joins Street Capital Bank

Toronto, Ontario

Posted

TORONTO, ONTARIO, September 5, 2017 Street Capital Group Inc. (“Street Capital” or the “Company”) (TSX: SCB), today announced that Jeff Marshall, an experienced financial product development and marketing executive, has been appointed Chief Product and Marketing Officer of Street Capital Bank of Canada (“Street Capital Bank” or the “Bank”).

Mr. Marshall brings 25 years of progressive leadership experience to the role. He most recently led the digital transformation at Scotiabank, where he was the Senior Vice President of Digital Banking. Prior to leading Scotiabank’s Digital efforts, Mr. Marshall was a senior member of the Marketing team at the bank.

"Jeff's track record of creating lasting strategic partnerships, building strong brands and designing and executing customer-centric digital banking programs will be key to the next phase of growth for Street Capital,” said Duncan Hannay, CEO of Street Capital. “His 25 years of experience across banking and retail will be a valuable addition as we seek to grow and diversify our product offerings to meet the needs of our customers and partners. Street Capital is on solid footing and with Jeff’s addition is even better positioned to grow into an industry leader and generate significant shareholder value over time.”

Jeff Marshall added, “As a new Schedule I bank, Street Capital has a significant opportunity to deliver products and services through innovative platforms, to benefit its customers. I have spent time with the senior management team and am excited to join them in the pursuit of building Street Capital Bank into an industry leader over the next several years.”

Jeff has also held a variety of senior roles in Product, Marketing and Customer Strategy at Loblaw Companies Limited, PC Financial, and TD Bank. Jeff holds an MBA from Dalhousie University.

 

About Street Capital Group Inc. (streetcapitalgroup.ca)

Street Capital Group Inc. (TSX: SCB) is a public company operating through its wholly-owned subsidiary, Street Capital Bank of Canada, a federally regulated Schedule I Bank offering residential mortgage loans with the strategic goal of introducing additional retail banking products in the coming years. Street Capital Bank of Canada sources its mortgage products primarily through a network of independent mortgage brokers across Canada with whom it has built relationships. Street Capital Bank of Canada offers a broad line-up of high ratio and conventional mortgages to borrowers and either sells the mortgages it underwrites to top tier financial institutions or holds them on balance sheet. Street Capital Bank of Canada lends throughout all of the Provinces of Canada (other than Quebec) and has offices in Ontario, Alberta and British Columbia. For more information please visit streetcapital.ca.

 

Forward-Looking Statements

This release contains certain forward-looking statements that are based on management’s exercise of business judgment as well as assumptions made by, and information currently available to, management. When used in this document, the words “may”, “plan”, "will”, “anticipate”, “believe”, “estimate”, “expect”, “intend”, and words of similar import, are intended to identify any forward-looking statements. You should not place undue reliance on these forward-looking statements. These statements reflect our current view of future events and are subject to certain risks and uncertainties as outlined in the Company’s Annual Information Form and other filings made with securities regulators, which are available on SEDAR (sedar.com). These factors include, without limitation: expansion opportunities, technological changes, regulatory changes (including mortgage insurance rules), and changes to the business and economic environment, including, but not limited to, Canadian housing market conditions and activity, interest rates, mortgage backed securities markets, and employment conditions that may impact the Company, its mortgage origination volumes, investments and capital expenditures, and competitive factors that may impact revenue and operating costs. Any of these factors, amongst others, could cause actual results to vary materially from current results or from the Company's currently anticipated future results and financial condition. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, our actual results could differ materially from those anticipated in these forward-looking statements. We undertake no obligation, and do not intend, to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of any unanticipated events. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize.

 

For further information, please contact:

Jonathan Ross
LodeRock Advisors Inc., Investor. Relations
jon.ross@loderockadvisors.com 
Tel: (416) 283-0178