HomeEquity Bank, a provider of reverse mortgages in Canada, has hired Katherine Dudtschak as its new CEO. Dudtschak joined the Bank as President on 1st May following the announcement that former President and CEO Steven Ranson planned to retire at the end of June.
“With Katherine’s extensive experience across the financial services industry and with developing high-performing teams, we believe she is well positioned to build for the future and make a positive impact for the Bank’s customers,” said Daniel Jauernig, Chair of the Board of HomeEquity Bank.
“As the Canadian population ages, it has become increasingly important to look at how financial services organizations are serving and supporting our country’s largest demographic. With Katherine’s experience and people-first mindset, we knew she was the right person to lead HomeEquity in its next stage of growth,” added Jeff Markusson, Senior Managing Director, Financial Services at Ontario Teachers’ Pension Plan and member of the Bank’s Board of Directors.
“With the state of our economy and society, more Canadians than ever are ageing with debt, limited cash savings and shrinking pensions. They’re looking at the equity and savings built up in the homes they love as a path to continued independence and dignity,” said Dudtschak.
“We’ve reached the point where the over-55s are the largest demographic in Canada, and HomeEquity Bank is purely dedicated to understanding and serving the diversity of need within this vibrant and dynamic population.”