Timbercreek Financial appoints Goodnough as CEO
CAMERON GOODNOUGH has been appointed chief executive officer of Timber creek Financial Corp. Mr. Goodnough , currently president of Timbercreek Financial, will assume his new duties effective Jan. 1, 2018.
Mr. Goodnough will succeed Andrew Jones, who will retire from his position as the chief executive officer, effective Dec. 31, 2017. Both will work together closely over the next six months to ensure a smooth and orderly transition.
Mr. Goodnough was appointed to the position of the president of the company on March 15, 2017, and he is also managing director, corporate development, for Timbercreek Asset Management Inc. (TAMI). Upon joining Timbercreek in November, 2016, Mr. Goodnough brought with him significant experience in capital markets and investment banking, with 17 years at firms such as CIBC Wood Gundy, Merrill Lynch Canada, RBC Capital Markets and as managing director with the financial institutions group at TD Securities.
“We’re excited that Cam will take on the role of chief executive officer, where he will work closely with the extensive team to leverage the capabilities of TAMI’s platform,” said Blair Tamblyn, chairman of the board of the company. “Over the last 12 months, Cam has played an instrumental role in the repositioning and growth of the company, providing continuity internally but also with our investor base, with whom he has spent considerable time. We look forward to Cam building on the strong performance we’ve witnessed under Andrew’s leadership.”
Mr. Jones will continue in his lead origination role with TAMI, which is responsible for originating and servicing the commercial real estate mortgages owned by the company, and will also remain as a director of the company.
“On behalf of our fellow board members, I would like to thank Andrew for his tremendous contribution over
the past years to the growth of the company (including its predecessors) into what the company is today — a leading non-bank commercial real estate lender in Canada,” stated Mr. Tamblyn. “I’m glad that Andrew will continue to be involved with the company, which ensures continuity and a smooth transition.”
Mr. Jones commented: “Over the past decade, I’ve had an incredibly rewarding experience being a member of the senior management team at Timbercreek Financial and its predecessors. Witnessing the growth of the business has been fulfilling, and I am proud to have been a part of it. My decision to change roles at this time allows me time to focus on my other responsibilities within Timbercreek, including debt origination and credit oversight. I am pleased to be passing the torch on to a new CEO. I have full confidence in Cam and believe that the com pany has the t eam and experience required to continue to deliver on its growth and investment objectives. As a member of the board, I look forward to continuing to work with the entire Timbercreek team after my retirement as CEO.”
About Timbercreek Financial Corp.
Timbercreek Financial is a leading non-bank, commercial real estate lender providing shorter-duration, structured financing solutions to commercial real estate investors.
We seek Safe Harbor.
Zelick Laeb Altman, Ugo Bizzarri, Andrew Alexander Jones, Steven Robert Scott, Glenn William Shyba, Robert Blair Tamblyn, Derek John Watchorn
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