{"id":413625,"date":"2021-01-12T17:04:33","date_gmt":"2021-01-12T22:04:33","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=413625"},"modified":"2021-01-12T17:04:33","modified_gmt":"2021-01-12T22:04:33","slug":"mount-logan-capital-inc-announces-appointment-of-new-chief-financial-officer","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/mount-logan-capital-inc-announces-appointment-of-new-chief-financial-officer\/","title":{"rendered":"Mount Logan Capital Inc. Announces Appointment of New Chief Financial Officer"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"center\">THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES<\/p>\n<p align=\"justify\">TORONTO, Jan.  12, 2021  (GLOBE NEWSWIRE) &#8212; Mount Logan Capital Inc. (NEO: MLC) (\u201c<strong>Mount Logan<\/strong>,\u201d or the \u201c<strong>Company<\/strong>\u201d) announces that Chief Financial Officer and Corporate Secretary Edward (Ted) Gilpin has communicated his plans to retire and that Jason T. Roos will succeed him as the Company\u2019s Chief Financial Officer and Corporate Secretary effective as of March 1, 2021. Mr. Gilpin will remain Chief Financial Officer and Corporate Secretary through March 1, 2021 to ensure a smooth transition, following which Mr. Roos will formally assume these positions.<\/p>\n<p align=\"justify\">\u201cIt&#8217;s been my pleasure to serve as the Company\u2019s Chief Financial Officer during a time that the Company continued to grow and scale its business and accelerate its transition to an asset light business model,\u201d said Mr. Gilpin.<\/p>\n<p align=\"justify\">\u201cTed became Chief Financial Officer in October 2019 and brought a wealth of experience from his more than 30 year career which included senior positions at various public and private organizations, including most recently as Chief Financial Officer and Treasurer at Portman Ridge Finance Corporation, a Nasdaq listed, closed-end, externally managed, business development company in the U.S., a position which Ted will concurrently be retiring from,\u201d said Ted Goldthorpe, the Company\u2019s Chief Executive Officer. \u201cI personally want to thank Ted for being a trusted advisor and business partner, and for his leadership, significant contributions and personal dedication the Company during a critical period of growth and execution of the Company\u2019s business strategy.\u201d<\/p>\n<p align=\"justify\">\u201cWe are confident that Jason\u2019s years of experience spent in senior financial roles will be integral to the Company as we continue grow and strengthen our business over the coming years,\u201d commented Mr. Goldthorpe.<\/p>\n<p align=\"justify\">Mr. Roos joined BC Partners LLP in May 2020 and brings nearly 20 years of experience in financial roles, most recently as Credit Product CFO, where he is responsible for the integrity and accuracy of financial reporting and the overall control environment of the credit business. Prior to joining BC Partners, Mr. Roos served in various roles with Wells Fargo &amp; Company from 2011 to 2020, including serving as Controller for Wells Fargo\u2019s investment bank and institutional broker dealer, Wells Fargo Securities. Prior to that, from 2002 to 2011, Mr. Roos provided audit and advisory services to financial institutions at PricewaterhouseCoopers LLP. Mr. Roos earned his B.A. in accounting and finance from the University of Northern Iowa and is a Certified Public Accountant registered in New York, Iowa, and Minnesota.<\/p>\n<p align=\"justify\">About Mount Logan Capital Inc.<\/p>\n<p align=\"justify\">Mount Logan Capital Inc. is an alternative asset management company that is focused on public and private debt securities in the North American market. The Company seeks to source and actively manage loans and other debt-like securities with credit-oriented characteristics. The Company actively sources, evaluates, underwrites, monitors and primarily invests in loans, debt securities, and other credit-oriented instruments that present attractive risk-adjusted returns and present low risk of principal impairment through the credit cycle.<\/p>\n<p align=\"justify\">Cautionary Notes<\/p>\n<p align=\"justify\">\n        <em>This press release contains forward-looking statements and information within the meaning of applicable securities legislation (collectively referred to herein as \u201c<\/em><br \/>\n        <strong><br \/>\n          <em>forward-looking statements<\/em><br \/>\n        <\/strong><br \/>\n        <em>\u201d). Forward-looking statements can be identified by the expressions &#8220;seeks&#8221;, &#8220;expects&#8221;, &#8220;believes&#8221;, &#8220;estimates&#8221;, &#8220;will&#8221;, &#8220;target&#8221; and similar expressions. The forward-looking statements are not historical facts, but reflect the current expectations of management of the Company regarding future results or events and are based on information currently available to them. Certain material factors and assumptions were applied in providing these forward-looking statements. The forward-looking statements discussed in this<\/em><br \/>\n        <em>press release may include, but are not limited to, statements relating to the Company\u2019s transition to an asset-light business model, statements relating to the growth and scale of the Company\u2019s business, statements relating to the timing for the appointment of the new Chief Financial Officer and Corporate Secretary and statements relating to the business and future activities of the Company. All forward-looking statements in this press release are qualified by these cautionary statements. The Company believes that the expectations reflected in forward-looking statements are reasonable based on upon the information available at the time such information was given; however, the Company can give no assurance that the actual results or developments will be realized by certain specified dates or at all. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including that the Company has a limited operating history with respect to an asset-light business model <\/em><br \/>\n        <em>as well as <\/em><br \/>\n        <em>the matters discussed under &#8220;Risk Factors&#8221; in the most recently filed annual information form and management\u2019s discussion and analysis for the Company. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, a forward-looking statement speaks only as of the date on which such statement is made. The Company undertakes no obligation to publicly update any such statement or to reflect new information or the occurrence of future events or circumstances except as required by securities laws. The forward-looking statements in this press release are made as of the date of this press release.<\/em>\n      <\/p>\n<p align=\"justify\">\n        <em>This press release is not, and under no circumstances is it to be construed as, a prospectus or an advertisement, and the communication of this press release is not, and under no circumstances is it to be construed as, an offer to sell or a solicitation of an offer to purchase securities of the Company. This press release is not intended for U.S. persons. The Company\u2019s shares are not and will not be registered under the U.S. Securities Act of 1933, as amended, and the Company is not and will not be registered under the U.S. Investment Company Act of 1940 Act (the \u201c1940 Act\u201d). U.S. persons are not permitted to purchase the Company\u2019s shares absent an applicable exemption from registration under each of these Acts. In addition, the number of investors in the United States, or which are U.S. persons or purchasing for the account or benefit of U.S. persons, will be limited to such number as is required to comply with an available exemption from the registration requirements of the 1940 Act.<\/em>\n      <\/p>\n<p align=\"justify\">For additional information, please contact:<\/p>\n<p align=\"justify\">Edward Gilpin, Chief Financial Officer and Corporate Secretary<br \/><a href=\"mailto:ted.gilpin@mountlogancapital.ca\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">ted.gilpin@mountlogancapital.ca<\/a><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyNDc3NyMzOTE2MDA0IzIwOTI5MDM=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/3bf96fb6-b383-42b2-b039-fc7a496a65b6\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES TORONTO, Jan. 12, 2021 (GLOBE NEWSWIRE) &#8212; Mount Logan Capital Inc. (NEO: MLC) (\u201cMount Logan,\u201d or the \u201cCompany\u201d) announces that Chief Financial Officer and Corporate Secretary Edward (Ted) Gilpin has communicated his plans to retire and that Jason T. Roos will succeed him as the Company\u2019s Chief Financial Officer and Corporate Secretary effective as of March 1, 2021. Mr. Gilpin will remain Chief Financial Officer and Corporate Secretary through March 1, 2021 to ensure a smooth transition, following which Mr. Roos will formally assume these positions. \u201cIt&#8217;s been my pleasure to serve as the Company\u2019s Chief Financial Officer during a time that the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/mount-logan-capital-inc-announces-appointment-of-new-chief-financial-officer\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Mount Logan Capital Inc. Announces Appointment of New Chief Financial Officer&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-413625","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mount Logan Capital Inc. Announces Appointment of New Chief Financial Officer - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/mount-logan-capital-inc-announces-appointment-of-new-chief-financial-officer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mount Logan Capital Inc. Announces Appointment of New Chief Financial Officer - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES TORONTO, Jan. 12, 2021 (GLOBE NEWSWIRE) &#8212; Mount Logan Capital Inc. (NEO: MLC) (\u201cMount Logan,\u201d or the \u201cCompany\u201d) announces that Chief Financial Officer and Corporate Secretary Edward (Ted) Gilpin has communicated his plans to retire and that Jason T. Roos will succeed him as the Company\u2019s Chief Financial Officer and Corporate Secretary effective as of March 1, 2021. Mr. Gilpin will remain Chief Financial Officer and Corporate Secretary through March 1, 2021 to ensure a smooth transition, following which Mr. Roos will formally assume these positions. \u201cIt&#8217;s been my pleasure to serve as the Company\u2019s Chief Financial Officer during a time that the &hellip; Continue reading &quot;Mount Logan Capital Inc. 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