Managing Director, Mortgage Investments, KingSett Capital; Member of Audit Committee; Member of Risk Committee
Director since May 2014
Mr. Coates has been the Managing Director of KingSett Capital’s mortgage lending business since 2006. Before KingSett, he was responsible for opening the Toronto office of Trez Capital, where he lead the mortgage lending business for Eastern Canada. Prior to Trez Capital, he expanded his real estate finance expertise in progressive positions with The Toronto-Dominion Bank, Scotiabank, Sun Life Financial and MCAP Commercial (a Caisse de dépôt et placement du Québec company). Mr. Coates has over 27 years of experience in commercial and residential mortgage lending, whole loan sales, securitization and corporate finance.
Mr. Coates is a graduate of the Schulich School of Business at York University with a Bachelor of Business Administration Degree.
President and Managing Partner, Brookfield Financial; Chair of Risk Committee
Director since May 2010.
Brydon Cruise is the President and Chief Compliance Officer for Brookfield Financial Corporation. He brings his more than 23 years of experience to the leadership of the Real Estate Investment Banking group, responsible for originating and executing real estate M&A, debt and equity capital market transactions.
Mr. Cruise came to Brookfield after working as a Managing Director at RBC Capital Markets. Before joining RBC, Mr. Cruise worked on the principal side as a Managing Partner for two prominent US-based real estate finance investment companies, Fortress Investment Group and Lonestar Opportunity Fund. Prior to these positions, he was a member of the real estate investment banking team at Citigroup.
Counsel, Fasken Martineau DuMoulin LLP; Member of Risk Committee; Member of Conduct Review, Corporate Governance and Human Resources Committee
Director since September 2013.
Verna Cuthbert is a senior commercial lawyer and counsel with Fasken Martineau’s Montreal office having practised for more than 37 years in the commercial law field in both Ontario and Quebec. She specializes in commercial real estate financing and development, acquisitions and dispositions. She has acted for many institutional lenders, developers and pension funds in several provinces and has expertise in lending, leasing, joint ventures, and development and management contracts. Since Ms. Cuthbert is licensed to practice in both Ontario and Quebec she has represented many corporations which carry on business in both common law and civil law jurisdictions.
Ms. Cuthbert received her LL.B. in 1974 from Osgoode Hall Law School and her B.A. from University of Toronto in 1971. She is admitted to the bar in Ontario (call 1976) and Quebec (call 1986).
Founding Partner, Corporate Director; Member of Audit Committee; Member of Conduct Review, Corporate Governance and Human Resources Committee
Director since May 2010.
Susan Doré has been a Director and/or Officer of MCAN, Mutual Trust and other predecessor companies since 1980. Mrs. Doré is a founding member of the MCAP Group of Companies.
Mrs. Doré retired from her position as MCAN’s Corporate Secretary in 2003. Prior to this role, she held various positions with MCAN and its predecessor companies. Mrs. Doré has also served as a Director for various private companies.
President and Chief Executive Officer, MCAN Mortgage Corporation
Director since August 2010.
Before joining MCAN, Mr. Jandrisits held numerous positions in the financial sector with experience in virtually every aspect of the real estate investment industry. Immediately preceding his appointment at MCAN, he was the Director of Finance for Starwood Capital Group, a privately held investment management firm that specializes in real estate related investments on behalf of select private and institutional investment partners. Starwood Capital Group possesses a highly diversified real estate portfolio comprised of more than $14 billion in assets.
Mr. Jandrisits came to Starwood after holding the position of Managing Director, North American Real Estate for RBC Financial Group. During his tenure with RBC he was responsible for various aspects of real estate lending activities in the United States, including loan production, structuring of complex transactions, monitoring business performance and oversight of several operating units of RBC’s North American lending operations.
Previously Mr. Jandrisits spent nine years at the Royal Bank of Canada, where he last served as Vice President of Global Real Estate and was responsible for managing the bank’s global real estate portfolio. Prior to joining RBC in 1993, Mr. Jandrisits held positions at Sun Life Trust as a Manager in the Real Estate Finance division and at Citibank Canada, where he was a Senior Associate in their Corporate Real Estate Group.
Mr. Jandrisits received an HBA and an MBA from the Ivey School of Business at the University of Western Ontario.
Brian A. Johnson
Partner, Crown Capital Partners and Crown Realty Partners; Member of Risk Committee; Chair of Conduct Review, Corporate Governance and Human Resources Committee
Director since January 2001.
Prior to his current roles, Mr. Johnson served as the President and CEO of Crown Life Insurance. Before joining Crown Life Insurance, he was with the Continental Bank. Mr. Johnson was formerly the Governor and Chair of the University of Regina and additionally served as a Director for Canadian Life and Health Insurance, Oxford Properties, and Denison Mines Inc.. Mr. Johnson is currently a Director of Crombie REIT as well as various other private companies.
Founding Partner; Chair, MCAN Mortgage Corporation
Director since January 1991.
Ian Sutherland has been a Director and/or Officer of MCAN, Mutual Trust and other predecessor companies since 1980. Mr. Sutherland is a founding member of the MCAP Group of Companies.
Mr. Sutherland has been a Director of the North West Company since 1987, and he served as its President and CEO from 1993 to 1997 and its Chairman from 1997 to 2008. Mr. Sutherland was Chairman of the Board and Investment Committee of Teachers Retirement Annuity Fund (Manitoba) from 1997 to 2001. He currently serves as a Director of the Strongco Corporation and the National Aboriginal Achievement Foundation. Mr. Sutherland holds CA and CFA designations.
Executive Vice President & Chief Financial Officer, DH Corporation; Chair of Audit Committee
Director since November 2011.
Ms. Weaver joined DH Corporation mid-2014 to her current position. Prior to this role, Ms. Weaver was Executive Vice President and Chief Financial Officer at First Capital Realty, a position she held since 2004. She held previous positions as Senior Vice President and CFO at Brookfield Properties Corporation, Canadian Operations and Gentra Inc. (BPO Properties Ltd). Ms. Weaver has significant experience in public financial accounting, reporting and corporate operations, with over 15 years of real estate experience. She holds a CPA designation.
William Terrence Wright
Counsel, Pitblado LLP; Member of Audit Committee; Member of Conduct Review, Corporate Governance and Human Resources Committee
Director since September 2013.
William Terrence Wright, Q.C. shares his valuable experience from many years in executive positions within the financial services industry. Prior to 2006, when he re-joined Pitblado LLP as Counsel, Mr. Wright was Senior Vice President, General Counsel and Secretary of IGM Financial Inc. (Investors Group) from 1992 to 2005. In this role, Mr. Wright was responsible for the legal, regulatory, compliance and public policy issues concerning Investors Group and its subsidiaries. During this time, he also served as Chairman of the Board of Directors of the Investment Funds Institute of Canada and the Mutual Funds Dealers Association of Canada and a director of the Canadian Payments Association, Ombudsman for Banking Services and Investments and the Centre for the Financial Services OmbudsNetwork.
Mr. Wright was a member of the Federal Finance Minister’s Task Force for the Payment Systems Review (2010/2011) and has served on the Boards of a number of other public, regulated and private companies. Mr. Wright also has a strong sense of community involvement, having served as President of the Board of Directors of the Royal Winnipeg Ballet, Chairman of the Health Sciences Centre Research Foundation Inc., Chairman of the Board of both the Victoria General Hospital and the Victoria General Hospital Foundation Inc., Manitoba Chair of the National Mental Health Fund, Capital Campaign Co Chair Red River College and President of the Children’s Home of Winnipeg.
Mr. Wright received economics and law degrees from the University of Manitoba in 1967 and 1970 respectively, was called to the Bar in Manitoba in 1971 and currently serves on the Boards of ICE Futures (Canada) Inc., ICE Clear (Canada) Inc., Knowledge First Foundation and Knowledge First Financial Inc.
Disclosure Requirements Regarding Women on Boards and in Senior Management
On January 16, 2014, the OSC proposed for comment amendments to Form 58-101F1 of National Instrument 58-101, Disclosure of Corporate Governance Practices. The proposed amendments to Form 58-101F1 were made in response to feedback received on the OSC’s consultation paper 58-401, Disclosure Requirements Regarding Women on Boards and in Senior Management. Noting that corporate decision-making benefits from a diversity of opinions and viewpoints, and that this diversity is enhanced when leadership roles are held by individuals who have different professional experience, education, skills and other individual qualities and attributes, the proposed amendments to Form 58-101F1 require certain issuers to provide disclosure regarding the following matters on an annual basis:
• Director term limits
• Policies regarding the representation of women on the board and in senior leadership positions
• The board’s or nominating committee’s consideration of the representation of women in the director identification and selection process
• The issuer’s consideration of the representation of women in executive officer positions when making executive officer appointments
• The number of women on the board and in executive officer positions
• Targets for these numbers in the future
MCAN plans to fully comply with the amendments to 58-101 if and when enacted and will monitor any developments during 2014.
MCAN Mortgage Corporation’s nine-member Board of Directors includes three women members (33%).