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TORONTO, Sept. 25, 2020 /CNW/ - Cliffside Capital
Ltd. ("Cliffside") (TSXV: CEP) today announced the
appointment of Todd Skinner, a
senior executive for Trans Union (a
global Information Technology & Services company), to its Board
of Directors. "We are pleased to welcome Todd to the Board of
Directors," said Michael Stein,
Chairman of the Board. "He has a wealth of knowledge and he will be
an excellent addition to our Board."
Mr. Skinner is a seasoned executive covering a broad spectrum of
financial services and has a deep understanding of the entire
lifecycle of consumer financial products. He has a proven track
record as a solutions innovator, expert problem solver and risk
based decision enabler. Todd has been with Trans Union for nearly 7 years and is currently
the Regional President – Canada,
Latin America and Caribbean. Prior to Trans Union he has worked across a variety of
financial service verticals and held roles as Chief Credit and
Operating Officer for HSBC Retail Bank and Wealth Management and
Chief Executive Officer for HSBC Financial. He has been an active
business advisor to other organizations in Canada and is currently a board member in
Mexico for Buro de Credito.
Mr. Skinner holds an undergraduate degree from Saint Mary's University and an Executive MBA from
Schulich/Kellogg, York
University/Northwestern. He has had a long and varied
involvement in the financial services industry and supporting
community organizations, including Junior Achievement, Child Rescue
Coalition, United Way, and many minor sports organizations. Mr.
Skinner's appointment as a director of Cliffside is subject to
review and approval by the TSX Venture Exchange.
Cliffside also announced today that Maurice Kagan has resigned from its Board of
Directors effective today. Mr. Kagan had joined the Board on
May 26, 2017. "On behalf of our board
of directors, I thank Maurice for his valuable service and
contributions over the last three years" stated Michael Stein, Chairman of the Board.
About Cliffside
Cliffside is focused on investing in
strategic partnerships with parties who have specialized expertise
and a proven track record in originating and servicing loans and
similar types of financial assets. Cliffside's strategy is to
generate revenue as an investor, affording its shareholders an
opportunity to invest in the growing alternative lending sector
with the potential for attractive yields and minimal operational
risk while earning a reliable total return. For more information,
see Cliffside's filings on SEDAR at www.sedar.com.
CAUTIONARY STATEMENT REGARDING FORWARD–LOOKING
INFORMATION: This news release includes certain
"forward–looking statements" under applicable Canadian securities
legislation. Forward–looking statements include, but are not
limited to, statements with respect to the business and operations
of Cliffside. Forward–looking statements are necessarily based upon
a number of estimates and assumptions that, while considered
reasonable, are subject to known and unknown risks, uncertainties,
and other factors which may cause the actual results and future
events to differ materially from those expressed or implied by such
forward–looking statements. Such factors include, but are not
limited to: general business, economic, competitive, political and
social uncertainties; the results of operations; potential for
conflicts of interests; as well as volatility of Cliffside's common
share price and volume. There can be no assurance that such
statements will prove to be accurate or complete, as actual results
and future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue
reliance on forward–looking statements. Cliffside disclaims any
intention or obligation to update or revise any forward–looking
statements, whether as a result of new information, future events
or otherwise, except as required by law.
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Cliffside Capital Ltd.