Lender deepens its bench across investments, finance, risk and people strategy
MCAN Financial Group has moved to reinforce its leadership team across investments, finance, risk and people functions, a shift that underlines how non‑bank lenders continue to recalibrate for a slower but more complex mortgage market.
The Toronto‑listed mortgage investment corporation, which invests in a diversified book of single‑family, construction and commercial mortgages, also positioned the changes as part of a longer‑term push to optimize capital deployment and portfolio performance.
“These appointments directly support MCAN's strategic priorities and reflect our confidence in the significant opportunities ahead,” said Santokh Birk, senior vice president and chief financial officer.
“Strengthening our capabilities in financial planning and analysis, investor relations and investment execution positions us to optimize capital deployment and portfolio performance.”
Under the changes, Becky Lee joined as vice president, investments, after more than 15 years in Canadian commercial real estate and institutional finance, including senior roles at BGO and RBC.
Her experience included directing complex transactions exceeding $1 billion and managing a private real estate credit fund of more than $300 million, alongside a focus on credit structuring, risk management and regulatory compliance.
On the finance side, MCAN appointed Jashar Grewal as vice president, financial planning and analysis, following nearly two decades in Canadian financial services and a senior finance role at Home Trust.
Her track record included modernizing FP&A infrastructure, implementing advanced planning technologies and analytics, and driving capital management and regulatory reporting.
Peter Ryan was promoted from vice president, controller to vice president, finance and investor relations, broadening the firm’s investor‑facing capacity.
The company also elevated its control functions, with Aaron Corr assuming the title of senior vice president and chief risk officer, and Michelle Liotta becoming vice president and chief people officer, a move that formally aligned people strategy with business priorities.
“Growth at MCAN is powered by people and enabled by innovation. By welcoming proven leaders and expanding key roles, we are positioned to navigate complexity, seize opportunity, and deliver sustainable performance,” said Derek Sutherland, president and chief executive officer.
MCAN describes itself as the largest mortgage investment corporation in Canada and the only federally regulated MIC issuing CDIC‑eligible term deposits, investing in mortgages, loans, private funds and REITs to generate income for investors.
The company reported $36.8 million in earnings for the first half of 2025, down from $43.0 million in the same period last year.
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