SOURCE: FCT

FCT

March 02, 2017 08:00 ET

FCT announces retirement of President Patrick Chetcuti

OAKVILLE, ON--(Marketwired - March 02, 2017) - FCT announced today the retirement of Patrick Chetcuti, president, after a 26-year career that began in 1992. Chetcuti will continue with FCT as a member of its board of directors.

"I'd like to thank Pat for his leadership and vision in growing the title insurance industry in Canada," said FCT CEO Michael LeBlanc. "It has been a pleasure to work closely with Pat for the past 23 years. I respect his insight and dedication to both our customers and our business, and I'm grateful he will remain involved with the company as a board member."

After running a successful real estate law practice for 20 years in Hamilton, Ontario, Chetcuti helped bring title insurance to Canada. Chetcuti was confident that title insurance could improve the real estate conveyancing process and change the way real estate transactions were handled in Canada. "We knew we had a better solution for consumers," said Chetcuti in a previous interview available on the FCT Blog. "People told us we were crazy -- the old way was how real estate transactions had been managed for decades and decades."

Since then, FCT has been a leader in the industry thanks to the vision, hard work and dedication of FCT's employees. "Yes, we're at the forefront of our industry. But to me, the real success is to be able to sit back and watch the accomplishments of the amazing people who came to work for us," said Chetcuti. "They're more than employees. They're friends. How nice it is to be able to visit our building and still have a great sense of family."

About FCT

Founded in 1991, the FCT group of companies is based in Oakville, Ontario, and has over 800 employees across the country. The group provides industry-leading title insurance, default solutions and other real estate-related products and services to approximately 1,250 lenders, 43,000 legal professionals and 5,000 recovery professionals, as well as real estate agents, mortgage brokers and builders, nationwide.

The Great Place to Work® Institute has named FCT one of Canada's Top 50 Best Workplaces for two consecutive years (2015, 2016) and certified FCT as a Great Place to Work. FCT's parent company, First American Financial Corporation, was named by Fortune® magazine as one of the 100 best companies to work for in America in 2016.

For more information on FCT, please visit the company website at www.fct.ca.

† The FCT group of companies includes FCT Insurance Company Ltd., which provides title and valuation insurance with the exception of commercial policies, which are provided jointly by FCT Insurance Company Ltd. and First American Title Insurance Company. Services by First Canadian Title Company Limited.

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