Wealth One Bank of Canada
170 Sheppard Avenue East M2N 3A4 Toronto, ON, Canada

WealthONE Bank is pleased to announce the appointment of Mr. Paul Leonard as the new President and Chief Executive Officer of the bank. Paul joined WealthONE Bank as the Chief Financial Officer in 2018 and oversaw the bank’s financial operations. He quickly implemented process improvements driving business growth and financial gains across all lines of business. WealthONE Bank is uniquely positioned as a preferred financial services partner for established and first generation new Chinese-Canadians and others new to Canada looking to establish themselves. We are confident that Paul will continue to grow the bank together with our colleagues. Congratulations Paul! Read more about Paul Leonard here https://bit.ly/3kkfUTV. #financialservices #banking

Happy Mid-Autumn Day! #midautumnfestival

Recently, Wealth One Bank of Canada’s Chief Risk Officer, Paul Akey, and the three Chief Risk Officers of Canada’s mortgage default insurer’s, Nadine Leblanc from Canada Mortgage and Housing Corporation (CMHC), Craig Sweeney from Genworth and Curtis Gergley-Garner from Canada Guaranty Mortgage Insurance Company, discussed the impact of the pandemics on the mortgage industry, and shared some insights on the overall trends in Canadian mortgage marketplace from the CRO perspecti...ve at the Canadian Mortgage Insurer Market Overview webinar presented by Credit Scoring and Risk Strategy Association (CSRSA). More than 500 people participated in this webinar. The panelists agreed that there are definitely fluctuations in the Canadian housing market related to the pandemic. Looking ahead, the panelists are looking to Q1-21 as a key point of interest to set the tone for the mortgage market next year. Q1 next year will likely represent a timeframe when government subsidy programs expire, which along with the end of payment deferrals could impact delinquencies. Click for the full summary of this webinar: https://bit.ly/3hwHhrG #pandemics #bankingindustry #mortgages #insurance