Company Website:
http://www.pwbank.com
LONDON, Ontario -- (Business Wire)
Pacific & Western Bank of Canada (TSX: PWB) is pleased to announce that
Honourable Thomas A. “Tom” Hockin, PC, has been re-appointed Chair of
the Board of the Bank. Mr. Hockin previously served as a member of the
Bank’s board from June, 2005 and as Chair of the Bank’s board from
November, 2008 until he became Executive Director of the International
Monetary Fund representing Canada, Ireland and the Caribbean in
November, 2009. Mr. Hockin brings to the Bank a wealth of pertinent
experience from both the public and private sectors.
Mr. Hockin served as Federal Member of Parliament for the riding of
London West from 1984 to 1993; Minister of State, Finance (1986-1989);
Minister of Small Business & Tourism (1989-1993); and, Minister of
International Trade (1993). After leaving politics, Mr. Hockin served as
President & CEO of the Investment Funds Institute of Canada and the
Canadian Institute of Financial Planning. From 2007 to 2009, he chaired
the Federal Expert Panel on Securities Regulation.
Mr. Hockin earned an Honours, B.A. in Business Administration from the
University of Western Ontario, and a M.P.A. and Ph.D., both from Harvard
University. He has been a Lecturer at Harvard University, as well as a
Professor at both the University of Western Ontario and York University.
Mr. Hockin is a graduate of the Director Education Program of the
Institute of Corporate Directors.
David Taylor, President & CEO of the Bank stated: "I am very pleased
that Tom has rejoined our Bank’s board as he brings a great deal of
experience from both the public and private sectors, which will, no
doubt, play an important role in the Bank’s return to growth and
prosperity. I would also like to thank Mr. Scott Ritchie for serving as
Chair of the Board during a most challenging time for the Bank and its
industry. Scott’s dedication and guidance were instrumental in our Bank
weathering the turbulence of the liquidity crisis and evolving into a
more diversified and stronger Bank. I am very pleased that Mr. Ritchie
will continue to serve on the Bank’s board as Chair of the Risk
Oversight Committee.”
About Pacific & Western Bank of Canada
Pacific & Western Bank
of Canada, a Canadian Schedule I bank, is a branchless financial
institution that raises deposits through a network of deposit brokers
located across Canada. The Bank invests these deposits in loans, leases,
commercial mortgages, residential development mortgages, and debt of
corporations. Headquartered in London, Ontario, the Bank was granted its
Schedule I license under the Bank Act (Canada) on August 1, 2002, prior
to which the Bank had operated as a provincially licensed trust company
since 1979.
Pacific & Western Bank of Canada’s Common Shares trade on Toronto Stock
Exchange under the symbol PWB.
Contacts:
Pacific & Western Bank of Canada
Investor Relations:
Wade
MacBain, 800-244-1509
Director
wadem@pwbank.com
or
Public
Relations & Media:
Tel Matrundola, 416-203-0882
Vice-President
telm@pwbank.com
Visit our website at: http://www.pwbank.com
Source: Pacific & Western Bank of Canada
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