C.A. Bancorp Inc. Announces Appointment of New Director
TORONTO, ONTARIO -- (MARKET WIRE) -- 02/10/09 -- C.A. Bancorp Inc. (TSX: BKP) ("C.A. Bancorp") is pleased to announce the appointment to its board of directors of Paul Haggis, effective immediately.
Mr. Haggis was President and Chief Executive Officer of OMERS (Ontario Municipal Employees Retirement System) for three and a half years, concluding with record results in March 2007. OMERS is one of Canada's leading and largest pension funds. Previously, Mr. Haggis was interim Chief Executive Officer of the Public Sector Pension Investment Board (PSPIB) where he also served as a director. Mr. Haggis also held the position of Executive Vice President, Business Development and Chief Credit Officer at Manulife Financial and also served as Chief Executive Officer of Princeton Developments Ltd.
Mr. Haggis began his financial career in the banking sector. Following nine years in corporate banking, he joined Metropolitan Life in 1988 as Vice President and Treasurer and held various executive positions in the United States and Canada, finishing as Chief Operating Officer of Canadian operations in September 1996. He then was named President and Chief Executive Officer for Alberta Treasury Branches (ATB). During his five years in this role, he led ATB to record profitability and market share growth.
Mr. Haggis was also Chairman of the Board of Directors for Borealis Infrastructure and Oxford Properties Group Inc. He currently serves as Director and Chair of the Investment Committee of the Insurance Corporation of British Columbia, is a Director of Advantage Energy Income Fund of Calgary, is a Trustee and Chair of the Finance Committee of the Royal Ontario Museum in Toronto and is on the Board of Canadian Tire Bank.
John Driscoll, C.A. Bancorp's Chief Executive Officer and Chairman of the Board said "We are pleased to welcome Paul to the Board and look forward to his contribution to C.A. Bancorp's success. His knowledge and past experience will be a valuable asset to C.A. Bancorp."
Trading information
C.A. Bancorp's common shares trade on the Toronto Stock Exchange under the symbol BKP.
C.A. Bancorp Inc.
C.A. Bancorp is a publicly traded Canadian merchant bank and alternative asset manager that provides investors with access to a range of private equity and other alternative asset class investment opportunities. C.A. Bancorp is focused on investments in small- and middle-capitalization public and private companies, with emphasis on the industrials, real estate, infrastructure and financial services sectors.
This news release contains forward-looking statements. These statements relate to anticipated future events, results, circumstances, performance or expectations that are not historical facts but instead represent C.A. Bancorp's beliefs regarding future events. Often, but not always, forward-looking statements can be identified by the use of forward-looking words such as "will", "expect", "intend", "plan", "estimate", "anticipate", "believe" or "continue", similar words or the negative thereof, or variations of such words and phrases that certain actions, events or anticipated outcomes "may", "would" or "might" be taken, occur or be achieved. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will occur. The future business, operations and performance of C.A. Bancorp discussed herein could differ materially from those expressed or implied by such statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Forward-looking statements are based on a number of assumptions which may prove to be incorrect. Additional, important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, interest rates, tax related matters, loss of personnel and reliance on key personnel. C.A. Bancorp cautions that risk factors discussed in applicable continuous disclosure filings required by law that C.A. Bancorp has made and filed on SEDAR should also be considered carefully and that undue reliance not be placed on forward-looking statements as events and results could differ materially from those expressed or implied by forward-looking statements made by C.A. Bancorp. The cautionary statements qualify all forward-looking statements attributable to C.A. Bancorp and persons acting on its behalf. Unless otherwise stated, all forward-looking statements speak only as of the date of this press release. C.A. Bancorp does not undertake, and specifically disclaims, any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.