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Mcan Mortgage Corporation Appoints Derek Sutherland As President and CEO

PRIVATEMar 19, 2025•about 1 year ago

Position

Chief Executive Officer

Company

MCAN Financial Group

Derek Sutherland

TorontoFinancial ServicesReal EstateFinanceLending

Description

MCAN Mortgage Corporation has appointed Derek Sutherland as its new President and CEO, effective April 1, 2025. Sutherland, who has been with the company in various leadership roles since 2017, including Interim CEO and Chair of the Board, is expected to lead MCAN with a focus on sustainable growth and shareholder returns.

Company Information

Company

MCAN Financial Group

Location

Toronto, Ontario, Canada

About

MCAN Mortgage Corporation is doing business as MCAN Financial Group. MCAN is a publicly traded mortgage investment company, listed on the Toronto Stock Exchange (TSX) under the symbol MKP and is a reporting issuer in all provinces and territories in Canada. MCAN invests its funds in a portfolio of mortgages including single-family residential, residential construction, non-residential construction and commercial mortgages, as well as other types of loans and investments, real estate, securitization investments and marketable securities in the form of corporate bonds and real estate investment, income and royalty trusts. MCAN funds its operations with term deposits eligible for deposit insurance from the Canada Deposit Insurance Corporation.

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