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ECN Capital Corp T.ECN

Alternate Symbol(s):  ECNCF | ECNNF | T.ECN.PR.C | T.ECN.DB | T.ECN.DB.A | T.ECN.DB.B

ECN Capital Corp. is a Canada-based company. The Company is a provider of business services to North American banks, credit unions, life insurance companies, pension funds and institutional investors (collectively, its Partners). It originates, manages and advises on credit assets on behalf of its Partners, specifically consumer (manufactured housing and recreational vehicle and marine) loans and commercial (inventory finance or floorplan) loans. The Company operates through two segments: Manufactured Housing Finance, and Recreational Vehicles (RV) and Marine Finance. Its business segment includes Triad Financial Services, Source One Financial, and Intercoastal Finance Group. The Triad Financial Services is a portfolio solutions platform focused on originating and managing longer duration secured consumer loan portfolios for active partner. The Source One Financial originates prime and super-prime loans to consumers to facilitate the purchase of recreational and marine vehicles.


TSX:ECN - Post by User

Bullboard Posts
Post by ERTguyon May 15, 2017 2:34pm
104 Views
Post# 26245887

Jim Nikopoulos appointed president of ECN capital

Jim Nikopoulos appointed president of ECN capitalJim Nikopoulos appointed President of ECN Capital

TORONTO, ON --(Marketwired - May 15, 2017) - ECN Capital Corp. (TSX: ECN) ("ECN Capital" or the "Corporation"), one of North America's leading commercial finance companies, announced that on May 11, at the ECN Capital Board of Directors meeting, Jim Nikopoulos was promoted to President of ECN Capital. Jim had previously served as Chief Operating Officer.

"Jim has been instrumental in helping me execute our strategy since the separation from Element Fleet. He led the very successful sale of our US C&V Business to PNC," said Steven Hudson, ECN Capital's CEO. "I am proud that the Board agreed to promote Jim and I am excited to move forward as partners in successfully redeploying ECN's capital. Jim's ability to return capital, manage businesses and reinvest capital is second to none," added Mr. Hudson.

Bill Lovatt, ECN Capital's Chairman, also added, "Jim has proven his ability to lead on an operating basis and to assist Steve in the strategic redeployment of capital. His community commitment is equally impressive."

About ECN Capital Corp.

With total owned and managed assets of more than $5.7 billion, ECN Capital Corp. (TSX: ECN) is one of North America's leading commercial finance companies. ECN Capital operates across North America in three verticals of the commercial finance market (Rail Finance, Commercial & Vendor Finance, and Commercial Aviation Finance).


Read more at https://www.stockhouse.com/news/press-releases/2017/05/15/jim-nikopoulos-appointed-president-of-ecn-capital#p2z2oYxDugglYT7k.99
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