Street Capital Financial Corporation appoints new Chief Financial Officer

TORONTO, June 15, 2015 /CNW/ - Counsel Corporation ("Counsel" or the "Company") (TSX: CXS), a financial services company, today announced that Marissa Lauder, a seasoned financial executive, has been appointed as chief financial officer of Street Capital Financial Corporation ("Street Capital").

Marissa brings over 15 years of financial, accounting and regulatory experience to the role. She joins Street Capital following six years at Home Capital Group, where she was responsible for leading a number of key finance functions. Most recently, Marissa led the teams responsible for risk, external financial reporting, financial planning & analysis, capital and performance reporting. In addition, Ms. Lauder also led the implementation of IFRS at Home Capital Group, as well as leading the design and implementation of a number of efficiency measures to streamline critical processes and improve controls.

Prior to her time at Home Capital Group, Marissa spent five years in senior roles at the Office of the Superintendent of Financial Institutions ("OSFI") where she was an expert advisor in the risk assessment process for financial institutions and the evaluation and approval of complex transactions. During her time at OSFI, she also led projects to implement new accounting and regulatory requirements and contributed to the rule making, supervisory and intervention processes for banks and insurers. Marissa also spent a number of years at Ernst & Young in various roles, focused primarily on advising financial institutions. She is a Chartered Professional Accountant and holds a Bachelor of Commerce degree from the University of Toronto.

"I am pleased to have Marissa's significant financial and regulatory experience on board as we continue to grow our presence in the Canadian financial services sector," said Lazaro DaRocha, President of Street Capital Financial Corporation. "Marissa's background of leading significant financial projects and change is a perfect complement to the senior management group as we continue to work toward gaining approval to operate as a chartered bank."

Marissa added, "I am excited to take a leadership role at Street Capital at this pivotal point in its development. The experience I've had as a senior financial leader with a federally-regulated financial institution, as well as the time I've spent at OSFI, has prepared me to add value as we look to become a Schedule I bank and continue to grow."

About Counsel Corporation (www.counselcorp.com)
Counsel Corporation (TSX: CXS) is a financial services company operating in residential mortgage lending through its wholly owned subsidiary Street Capital Financial Corporation, one of the largest non-bank lenders in Canada. Founded in 1979 and a public company for more than a quarter century, Counsel's goal is to create shareholder value by building a substantial, diversified financial services organization.

SOURCE Counsel Corporation

Counsel Corporation: Stephen Weintraub, EVP, Secretary & CFO, [email protected], Tel: [phone]; Loderock Advisors: Jonathan Ross, [email protected], Tel: [phone]