BURNABY, BC, May 29, 2012 /CNW/ - Crelogix Credit Group Inc. announced today that Mike McKay has been appointed Vice President Treasury and Corporate Secretary, effective immediately.
Mister McKay becomes responsible for all aspects of the Treasury (i.e. funding risk management, securitization) and will provide strategic treasury support to the Group. Mister McKay began with the company in 1988 and was promoted to Vice President and Controller of Crelogix in 2005 overseeing all aspects of the accounting and financial reporting function for the company. He also oversaw information technology integration, facilities management, payroll, and treasury, legal and tax compliance. Mister McKay is succeeded in his position as Vice President and Controller by David Lynde.
"Our financial management team is shaping up to be second to none. With David Lynde coming on board we have been able to free up Mike's considerable skills for application on the strategic side where his background, experience, insight and mature counsel will prove invaluable to the continued growth and strength of Crelogix.", said Karl Sigerist, Chief Executive Officer, Crelogix.
"I am happy to welcome David Lynde to the company and the leadership he will provide our accounting division", said Mister McKay. "I look forward to meeting the challenges of leading the Treasury department and deepening Crelogix's relationships with its funders, shareholders and investors to facilitate our mutual success."
About Crelogix: Crelogix is a non-bank Canadian financial services organization. Since 1974 Crelogix has been active across Canada in the tuition, automotive aftermarket, vacation ownership, healthcare, membership, consumer durables, power products, home improvement and financial intermediary sectors - advising its business and institutional partners on unique and innovative consumer financial solutions from Loan Funding, Portfolio Acquisition, Third-party Portfolio Administration, Servicing, Collections, Asset Recovery or the Disposition of Canadian consumer installment loan receivables portfolios.
MyCrelogix.com is a proprietary internet based automated credit adjudication and loan or lease document processing system. MyCrelogix.com provides our clients with real-time payment calculation, credit grading, contract compliance, funding status and ongoing portfolio reporting.
For more information go to www.crelogix.com
Image with caption: "Crelogix promotes Mike McKay to Vice President, Treasury and Corporate Secretary (CNW Group/Crelogix Credit Group Inc.)". Image available at: http://photos.newswire.ca/images/download/20120529_C3504_PHOTO_EN_14296.jpg
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