TORONTO, April 20, 2020 – Echelon Wealth Partners Inc. (Echelon) is proud to announce that with the hiring of Karanjit S. Bhugra, Co-Head of Capital Markets, it now has representation on the board of directors for the Canadian Lenders Association (CLA). The CLA's mission is to provide members with the tools to innovate and grow and to foster safe and ethical lending practices.
Karanjit has been a member of the CLA's board since the summer of 2019 and will continue to provide his expertise in M&A advisory and corporate finance matters to the CLA. Echelon recently formally launched its financial services coverage group within its investment bank, with a focus of providing advisory services to the specialty finance community. The group's previous capital raising and M&A transaction experience positions Echelon well to be the pre-eminent financial advisor to non-bank lenders in Canada.
The CLA supports the growth of companies that are in the business of lending or providing other means of credit to small businesses and individuals. The group's membership utilizes non-conventional or innovative means to exchange ideas and explore ways of improving the sector. They encourage principled and professional practices by innovative lenders, educate the public at large about lending, and represent the interests of innovative lenders.
I am proud to continue my role with the growing Canadian Lenders Association. I have admired the way in such a short time period it has become an important eco-system for Canada's specialty finance community. Echelon's support of me in this role illustrates our firm's commitment to seeing the industry flourish in Canada, states Karanjit.
The Canadian Lenders Association (CLA) supports the growth of companies in the Canadian market that are in the business of lending, or providing other means of credit, to small businesses and individuals by non-conventional or innovative means to exchange ideas and explore ways of improving the sector; encourage principled and professional practices by innovative lenders; educate the public at large about innovative lending; encourage individual potential borrowers to be informed about the appropriateness of innovative lending to the borrowers' circumstance; and to advocate on behalf of, and represent the interests of innovative lenders. www.canadianlenders.org
Echelon Wealth Partners Inc. is a Canadian independent wealth management and capital markets firm known for its client-centred approach and innovative, entrepreneurial spirit. The company has approximately 60 Advisor and Portfolio Manager Teams with more than $6 billion in assets under administration and management. Echelon offers a wide range of financial services for individuals, households, institutions and corporate clients from its offices in Toronto, Oakville, Ottawa, London, Montreal, Saskatoon, Calgary, Edmonton, Vancouver and Victoria. Echelon Wealth Partners is a member firm of the Investment Industry Regulatory Organization of Canada (IIROC) and a member of the Canadian Investor Protection Fund (CIPF). For more information, please visit www.echelonpartners.com.
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