Element Financial Senior EVP Steps Down

Element Financial announced that Jim More has transitioned from his role as senior executive vice president to take on an advisory role. Element said More has also retired from Element’s board of directors.

More joined Element in March 2010 and was responsible for building out Element’s current capital structure and acquisition strategy. The board expressed sincere appreciation to More for his contribution to the successful launch of Element Financial and wished him well in his future endeavors.

Element Financial also announced that it has appointed Karen Martin as the company’s treasurer. The appointment will take effect on September 4, 2012.

Martin joins Element after serving in various senior management, treasury and finance positions at a number of private and public financial services companies over the past 25 years including eight years at Xceed Mortgage including serving as president and chief financial officer. Prior to joining Xceed, Karen served in a number of management and treasury positions with Canadian Imperial Bank of Commerce.

“I am very pleased that Karen has joined the Element team to lead our treasury operations as we continue to add scale and diversification to our funding activities,” said Michel Béland, Element’s chief financial officer. “Karen brings a deep understanding of the non-bank lending industry to Element and the variety of capitalization tools that are available to the company,” added Béland.