DealNet Capital appoints Leonard as CFO
2015-10-15 08:38 ET - News Release Shares issued 109,065,748 DLS Close 2015-10-14 C$ 0.91 Mr. Michael Hilmer reports DEALNET APPOINTS SEASONED FINANCIAL EXECUTIVE AS CHIEF FINANCIAL OFFICER DealNet Capital Corp. has appointed Paul Leonard as chief financial officer, effective today. Mr. Leonard brings with him an extensive background in the financial services industry with a deep understanding of consumer lending. Most recently, Mr. Leonard was chief financial officer of CFF Bank, a Canadian Schedule 1 bank that had approximately $245-million in assets and over $1.5-billion in loans under administration. Prior, Mr. Leonard was the chief financial officer of Ally Credit Canada, which offered savings products, retail and wholesale auto loans, and residential mortgages through both direct and indirect channels. Ally had over $13-billion in assets before being acquired by Royal Bank of Canada. In addition, he was founding chief financial officer of ING Direct, an innovator in offering direct-to-consumer savings and lending products. Mr. Leonard is a chartered accountant and CPA. He holds a bachelor of commerce degree from the University of Toronto. "The addition of Paul significantly strengthens our senior management team. With our focus on responsible lending growth, Paul's expertise will be invaluable to us as we transform the Canadian consumer lending space," stated Michael Hilmer, chief executive officer. DealNet's former chief financial officer, Ashish Kapoor, has resigned. The company would like to thank him for his contributions and wishes him well in his future endeavours.