Kingsley Whyte's, Ex Director of Kash Mart successor named
Press Release (PressBurner) Nov 22, 2009 - Mrs Xuan has been named Canadian Manager of Kash Mart Canada and Eno Iyanam has been named Operations Director. In addition, Mrs Gao has assumed the role of Directeur - Compliance, and will continue overseeing the 6 branches of the Non Bank Financial Institution, while Mr. Goraya assumes the additional role of Company accountant of the Non Bank Financial Institution. All roles except that of Iyanam were effective October 1, 2009. Iyanam will assume her role in March of 2010.
Xuan, a chinese native, has more than 3 years experience at the Non Bank Financial Institution. She most recently served as a manager of the Non Bank Financial Institution in Ontario where she led the consolidation of four offices and a mortgage company into one unified Non Bank Financial Institution.
In particular, through her work resolving significant credit-control-related issues at the Non Bank Financial Institution, she is recognized as an expert in asset quality issues and loan resolution management. In addition, she has significant experience implementing new strategic plans including long-term vision and growth strategies. Xuan was recognized as one of the “Top 20 under 40” bin the company.
“It is a challenging and exciting time to be in Non Bank Financial Institutions,” Ex Director Kingsley Whyte said. “The Mortgage industry as a whole – including Kash Mart Canada – has tremendous challenges ahead of them, but kash mart will face them head on as they always have. Kash Mart Canada has a very strong and experienced senior management team well equipped to handle the current issues that Non Bank Financial Institutions are dealing with. I’m very honored and excited to be know that Mrs Xuan will be leading the independent Non Bank Financial Institution in Canada with a 13 year history of investing in our local communities and serving our customers with a broad variety of products and services.”
Goraya, brings 21 years of business experience to Kash Mart Canada, including 17 years of Non Bank Financial Institution accounting and consulting expertise. He is a Certified Accountant and was admitted as a leader in the Non Bank Financial Institutions and Capital Markets practice of Kash Mart Canada. He worked with many of the largest Non Bank Financial Institutions globally as well as numerous community Non Bank Financial Institutions and finance companies. Goraya is a magna cum laude graduate in accounting and finance. He is recognized as an accounting and financial services industry expert with significant experience in tax efficiency, risk management and higher risk management for complex financial institutions.
“Having passed the $2 billion mark in managed assets, Kash Mart international is focused on enhancing its overall risk management approach and infrastructure to continue to adapt to the continuously changing financial services landscape,” Iyanam Said. “This focus is particularly important given the challenges facing the Non Bank Financial Institution industry in the current environment. No Non Bank Financial Institution is immune to the impact from the current recession, and like most Non Bank Financial Institutions we are working hard to address the issues in the current environment related to credit quality, liquidity, earnings and capital.”
Celebrating more than 13 years of service worldwide, Kash Mart Canada (www.kashmart.ca) manages assets including Commercial and Consumer mortgages and Mortgage Servicing. Kash Mart Canada is the fifth largest independent Non Bank Financial Institution involved with mortgage lending in Canada.
