Pacific Mortgage Group Inc. announces Ron Swift as CEO

TORONTO, Sept. 19, 2011 /CNW/ - The Board of Directors of Pacific Mortgage Group Inc. is delighted to announce the appointment of  Ron Swift as CEO of overall group operations.

Mr. Swift, a Canadian mortgage hall of famer and one of the Canadian mortgage industry' s most recognized and respected leaders, will take over the helm at Pacific in the coming weeks.

"The appointment of Ron Swift to lead our continuing growth at Pacific signals the achievement of a great milestone for our company, our shareholders and for myself personally", said Alex Haditaghi, the company's Founder and former CEO, who will move to a key support role as Executive Vice Chair. "I have admired and respected Ron's accomplishments for many years and am extremely pleased that he has agreed to lead our company forward. This is a great day for me, and for all of our brokers, employees and shareholders."

For almost two decades, Mr. Swift held a variety of leadership roles at a leading mortgage industry company.  In the last ten years, he has served brilliantly as its President, overseeing broker channel sales and mortgage origination, mortgage servicing and sub servicing.  A former mortgage broker and native of Vancouver, Ron brings extraordinary knowledge of Canada's retail mortgage business to Pacific.

"I am pleased to take on this exciting challenge at Pacific at this point in its history", said Swift. "Our industry is going through another remarkable period of change, with a whole range of new opportunities presenting themselves. Pacific is the perfect platform for me to apply my company-building experience, with a real focus on expanding our market footprint and optimizing shareholder value".

According to Alfred Apps, Chairman of the Board of Pacific Mortgage, "Ron Swift is an industry leader with vision and an unblemished reputation for integrity. We want to welcome him to Pacific as we work together to take the company to the next level."

"The Board and shareholders also owe a great debt to Pacific founder, Alex Haditaghi. We greatly appreciate his hard work and dedication since the inception of the company. He successfully led the Company not only through the difficult transition of a merger and acquisition, but also through a period of tremendous growth".

"Under Alex's inspired leadership, Pacific has been recognized as the 2nd fastest growing company in Canada by Profit Magazine," said Apps.  "He and the very capable management team he attracted to Pacific have built great systems, a profitable business model, and a solid reputation in the mortgage brokerage and lending industry which, with his continuing involvement as director and Vice-Chair, we intend to build on."

SOURCE Pacific Mortgage Group Inc.

For further information:

Alex Haditaghi, CEO
myNext Mortgage Company Limited

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Pacific Mortgage Group Inc.

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