Canadiana Financial Corp

Canadiana Financial Corp

June 21, 2011 14:36 ET

Canadiana Financial and Macquarie Financial Announce Expanded Partnership

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 21, 2011) - Two leading mortgage industry companies today announced an expanded partnership agreement that will continue to benefit both parties. Under the terms of the arrangement, Canadiana Financial Corp will expand its existing funding relationship with Macquarie Financial Ltd. and will assume loan origination functions for Macquarie. The relationship between Canadiana and Macquarie established in 2010 enabled Canadiana to emerge as a competitive mortgage lender in the Canadian marketplace.

"We're very pleased to expand our strong relationship with Canadiana," said Matt Rady, Head of Macquarie Banking and Financial Services Group, North America. "This partnership enables us to continue sourcing mortgage assets originated by Canadiana."

Grant MacKenzie, who is currently CEO of Macquarie Financial, will join Canadiana to head up the company on July 1, 2011.

"Joining Canadiana provides an exciting opportunity for me to add to the high standards of a well-recognized mortgage provider and continue a culture of industry innovation," said Mr. MacKenzie. "In addition to fostering new mortgage-broker relationships, there will be additional scope to expand Canadiana's partnership with Macquarie. I look forward to my new role as we focus on providing even better service to a larger group of brokers."

As a result of the new expanded partnership, certain employees from Macquarie will transfer to Canadiana to continue in new roles. Terms of the arrangements will not be disclosed. Closing of these agreements is subject to usual conditions precedent and regulatory approvals.

About Canadiana Financial Corp

Canadiana Financial Corp, founded in 2010, is headquartered in Vancouver B.C. and provides insured residential mortgages in Western Canada, Ontario and the Atlantic Provinces through a select group of mortgage broker professionals to a number of well known funders. The company is distinguished by its strong commitment to providing brokers with exceptional service levels. Canadiana's strong capital structure, experienced management team and exciting suite of products and pricing have ensured the growing success of the company in the Canadian mortgage market.

About Macquarie Financial Ltd

Macquarie Financial is a Canadian Mortgage Lender committed to providing high ratio and conventional residential mortgages to Canadians. The company is part of the Macquarie Banking and Financial Services Group, the primary relationship manager for Macquarie Group's retail client base, providing a diverse range of products and services to personal investors, financial planners and other professional service providers. The Macquarie Banking and Financial Services Group has more than 1.04 million clients globally.

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