CALGARY, Oct. 2, 2017 /CNW/ - Odyssey Trust Company ("Odyssey Trust") is pleased to announce that on September 19, 2017, it received its Letters Patent to operate as a non-deposit taking, Special Purpose Trust Company.
Odyssey has satisfied all of the regulatory requirements to act as a Special Purpose Trust Company under the Loan and Trust Corporations Act (Alberta), which includes meeting compliance, risk and operations standards established for financial institutions, as well as establishing a Reserve Fund in the amount of $2,000,000 in unencumbered capital. Odyssey is fully operational and has dedicated teams in both transfer agent services and corporate trustee appointments.
Odyssey Trust is led by the former leadership team of Valiant Trust and Pacific Corporate Trust, and is pleased to have Randy Gregory, the former head of Olympia Trust's corporate services division, as the Chairman of its Board. Rounding out its Board of Directors are Sadiq Lalani (CFO, Kelt Exploration), Scott Saxberg (CEO, Crescent Point Energy), Nicholas Johnson (Co-Head Energy Investment Banking, GMP FirstEnergy), Jenna Kaye (CEO, Odyssey Trust) and Dan Eisner (CEO, True North Mortgage).
Jenna Kaye, Odyssey's CEO commented, "We started Odyssey because we saw a clear void in the Western Canadian market for transfer agent and trust services. With the recent sales of Olympia Trust (2013) and Valiant Trust (2015) to Computershare, issuers and their counsel are demanding more competition in this space. As a local, independent firm, we're committed to providing our clients and their shareholders with exceptional service, reasonable pricing and flexible solutions. We're specifically designed to provide value-added service to private companies, venture issuers and small-midcap TSX issuers."
Odyssey's management team has over 70 years combined experience in the corporate services space, handling over 1000 issuer accounts and managing complex corporate trust transactions valued in excess of $1 billion dollars. For more information on Odyssey Trust, please visit www.odysseytrust.com.
Odyssey has offices in Calgary (Stock Exchange Tower) and Vancouver (United Kingdom Building), as well as sub-agent offices in Toronto and Nevada.
SOURCE Odyssey Trust