Olympia Financial Group Announces Resignation of Rick Skauge as President, CEO, Chairman, Director of Olympia Trust & Appointment of Craig Skauge as President of Olympia Trust & Board Changes
(firmenpresse) - CALGARY, ALBERTA -- (Marketwired) -- 05/11/17 -- Olympia Financial Group Inc. ("Olympia") (TSX: OLY) announces the resignation of Rick Skauge as President, CEO, Chairman and Director of Olympia Trust Company, the resignation of Tony Lanzl and Dennis Nerland as Directors of Olympia Trust Company, the appointment of Craig Skauge as President of Olympia Trust Company and the appointment of Lori Ryan and Cora Pettipas as Directors of Olympia Trust Company.
Olympia Trust Company is a licensed trust company in nine of Canada''s ten provinces. Commencing operations in 1996 with just $2.5 million in capital, Olympia Trust Company has grown substantially over the past 21 years. Olympia Trust Company currently administers over 86,000 registered plan accounts which collectively hold approximately $4.5 billion in assets.
Given Olympia Trust Company''s success over the past 21 years, Olympia''s board of directors has decided that Olympia Trust Company, as a government regulated entity, should have a more independent board of directors instead of one that mirrors Olympia. In addition, Olympia''s board of directors has decided to recognize the contributions that Craig Skauge has made to the exempt market and Olympia, by appointing him President of Olympia Trust Company. Accordingly, Olympia has made the following changes to the management and board of directors of Olympia Trust Company:
It is Olympia''s view that the above changes to the management and board of directors of Olympia Trust Company will increase Olympia Trust Company''s independence while at the same time ensuring that Olympia Trust Company continues to be served by the management team that has guided its growth over the past 21 years.
Olympia Trust Company is a leader in Canada in the exempt market and will continue to provide excellent service and leadership in the future.
About Olympia Financial Group Inc.
Olympia Financial Group Inc. ("OFGI") conducts most of its operations through its wholly- owned subsidiary Olympia Trust Company, a non-deposit taking trust company. Olympia Trust Company is licensed to conduct trust activities in Alberta, British Columbia, Saskatchewan, Manitoba, Quebec, Newfoundland and Labrador, Prince Edward Island, New Brunswick and Nova Scotia. Olympia Trust Company administers self-directed registered accounts and offers foreign currency exchange services. OFGI also offers private health services plans through its wholly-owned subsidiary Olympia Benefits Inc., operates an ATM business through its wholly-owned subsidiary Olympia ATM Inc. and provides information technology services to the exempt market dealers, registrants and issuers through its subsidiary Exempt Edge Inc.
OFGI''s common shares are listed on the Toronto Stock Exchange under the symbol "OLY".
Contacts:
Olympia Financial Group Inc.
Rick Skauge
President and Chief Executive Officer
(403) 261-0900
(403) 265-1455 (FAX)
Olympia Financial Group Inc.
Gerhard Barnard
Vice-President, Finance and Chief Financial Officer
(403) 261-0900
(403) 265-1455 (FAX)
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Datum: 11.05.2017 - 19:13 Uhr
Sprache: Deutsch
News-ID 1504159
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Commercial & Investment Banking
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