TORONTO, Nov. 11, 2019 /CNW/ - First National Financial
Corporation (TSX: FN, TSX: FN.PR.A, TSX: FN.PR.B) (the
"Company" or "FNFC") today announced that Jason Ellis has been appointed President
effective November 11, 2019.
Following a successful transition into the role of Chief
Operating Officer in October 2018,
Mr. Ellis will now hold the title of President and Chief Operating
Officer. Since 2004, Mr. Ellis has been responsible for leading the
Treasury and Capital Markets activities at First National and has
successfully managed the majority of the Company's relationships
with its investor clients.
First National's Chairman and CEO, Stephen Smith stated: "With a very successful
year in his position as COO, Jason proved to me and the Board his
value to our Company and its growth initiatives. Accordingly, I am
pleased to relinquish a role I have held for more than 30 years at
First National."
Executive Vice-President, Moray Tawse said: "It is important to
ensure we maintain focus on our operational excellence and the
promotion of Jason to President positions us well in the
marketplace and assures the continuity of our strong brand into the
future."
Mr. Ellis will continue to report to Mr. Smith in his dual
position.
Prior to his appointment as COO, Mr. Ellis was Senior Vice
President and Managing Director, Capital Markets. Prior to
joining First National in 2004, Mr. Ellis was with the
Asset/Liability Management group at Manulife Financial and with RBC
Dominion Securities in Toronto and
New York where he traded fixed
income and interest rate derivatives. Mr. Ellis is a graduate of
Western Ontario University, holds an
MBA degree from McMaster University and
is a CFA charter holder.
About First National Financial Corporation
First National Financial Corporation (TSX:FN, TSX:FN.PR.A,
TSX:FN.PR.B) is the parent company of First National Financial LP,
a Canadian-based originator, underwriter and servicer of
predominantly prime residential (single-family and multi-unit) and
commercial mortgages. With over $110
billion in mortgages under administration, First National is
Canada's largest non-bank
originator and underwriter of mortgages and is among the top three
in market share in the mortgage broker distribution channel.
For more information, please visit www.firstnational.ca.
SOURCE First National Financial Corporation