– CANADA, Toronto – Timbercreek Financial (TSX: TF) today announced the appointments of Blair Tamblyn as CEO and Tracy Johnston as CFO.
These appointments reflect the reorganization of Timbercreek Asset Management, which resulted in the debt and equity businesses being separated into two companies. Mr. Goodnough and Ms. Wong held roles with both businesses and continue in leadership roles with the equity business going forward. Timbercreek Asset Management, manager of Timbercreek Financial, is one of the largest and most experienced non-bank commercial mortgage lenders in Canada, with more than $11.0B in mortgage originations across Canada, the U.S., and Ireland/UK.
About Blair Tamblyn
Blair Tamblyn, Chief Executive Officer and Co-Founder of Timbercreek Asset Management and Chairman of Timbercreek Financial, has been appointed CEO, replacing Cameron Goodnough, effective November 13, 2020. As the Co-Founder of Timbercreek Asset Management, Mr. Tamblyn was deeply involved in the formation of Timbercreek Financial and the Timbercreek lending platform has been on the Board of Directors of the Company and its predecessors since inception in 2007, and previously served as CEO.
“We thank Cam and Gigi for their significant contributions to Timbercreek Financial and their efforts in building the capital markets profile and relationships for the Company,” said CEO, Blair Tamblyn. “We’re excited to welcome Tracy to the CFO role and, together with our broader senior team, expect to continue providing effective and engaged communication with the investment community. Our Company has a long and successful track record, and we move forward with a robust and growing full-service debt platform, which leaves us well-positioned to deliver on our investment objectives: preserve capital and provide strong risk-adjusted returns.”
About Tracy Johnston
Timbercreek also announced that Tracy Johnston, CPA, CA, has joined as the new CFO, replacing Gigi Wong, effective November 13, 2020. Ms. Johnston spent the past 15 years in senior finance roles, mainly in the real estate industry. Most recently, she was Senior Director, Financial Reporting for The Cadillac Fairview Corporation where she led the financial reporting to both private and public stakeholders for three entities. Previously, she held several senior finance positions for DREAM Office REIT and DREAM Industrial REIT and spent more than five years with Deloitte & Touche LLP focusing on audits for Canadian and the U.S. publicly listed companies.
About Timbercreek Financial
Timbercreek Financial is a leading non-bank, commercial real estate lender providing shorter-duration, structured financing solutions to commercial real estate professionals. Our sophisticated, service-oriented approach allows us to meet the needs of borrowers, including faster execution and more flexible terms that are not typically provided by Canadian financial institutions. By employing thorough underwriting, active management, and strong governance, we can meet these needs while generating strong risk-adjusted yields for investors.
For more information: https://www.timbercreekfinancial.com/
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