Board of Directors

Flow Capital’s Board of Directors are responsible for supervision of the overall affairs of the company.

Vernon Lobo – Executive Chair

Vernon is a Managing Director of Mosaic Capital Partners, a Toronto-based private investment firm. Previously, Vernon was founder and Managing Director of Mosaic Venture Partners, an early stage venture capital fund. Through 21 years in the investment industry, Vernon helped build several companies from startup to acquisition or public listing, seven of which achieved valuations in excess of $100 million. Earlier in his career, Vernon was a consultant at McKinsey & Company and a software engineer at Nortel Networks. Vernon sits on the boards of several public and private companies. He . holds a BASc in Engineering from the University of Waterloo and an MBA from Harvard where he was a Baker Scholar.

Catherine McLeod-Seltzer

Catherine is a serial company builder – currently the Chairman of Bear Creek Mining and a recognized leader in the materials industry for her ability to create growth-focused companies that generate significant shareholder value. Catherine has successfully partnered with numerous geological teams in the past 20 years with successes including Arequipa Resources, Francisco Gold, Miramar Mining, Stornoway Diamonds, and Peru Copper.  Catherine was named “Mining Man of the Year” by The Northern Miner in 1999; given the “Award for Performance” by the Association of Women in Finance in 1997; positioned on the Financial Post’s “Power 50”; and received Canada’s Most Powerful Women Top 100 Award. Catherine has raised more than $600 million in working capital for mining exploration in the past 20 years, and has been directly involved in more than $4 billion in corporate transactions. Her leadership and financial expertise, access to capital, and respect in building companies have been invaluable assets to the companies she is involved in and have created significant wealth for shareholders. Catherine’s directorships in other publicly traded companies include Kinross Gold Corporation and Major Drilling Group International.

Gordon McMillan

Mr. McMillan is a principal of FS Group Holdings Ltd (FSGH). Prior to co-founding FSGH, Mr. McMillan was a co-founder and director of Pivot Technology Solutions, Inc., a technology solutions provider based in Carlsbad, California. Mr. McMillan has been an entrepreneur in the Canadian financial services industry since 1994. During that time, he co-founded, was Chief Executive Officer, and a director of Triax Capital Corporation and Skylon Capital Corporation. He was also a shareholder and director of Fairway Management Inc., Impax Funds Management Ltd., and i3 Advisors Inc. Mr. McMillan has served on the boards of numerous publicly listed investment funds during his career. Mr. McMillan holds a Bachelor of Laws degree from Queen’s University in Kingston, Ontario and is a member of the Law Society of Upper Canada.

Alex Baluta

Alex has over twenty-seven years of professional experience in Canada and the US in investment banking, equity research, mergers and acquisitions, operations, consulting, and entrepreneurship. Alex was a top-ranked equity research analyst in Canada in the early 2000s, focused on the software sector. His primary focus throughout his career has been advising, analyzing, operating, and investing in small and medium-sized enterprises, primarily in high-growth technology sectors.

Alan Torrie

Alan Torrie brings extensive executive, financial, and director experience to the Flow Capital Board. He has held several senior executive roles, including as the former President and Chief Executive Officer of Morneau Shepell and MDS Diagnostics. He currently serves as a Chair of the Board of Extendicare and is a Director and member of the Audit Committees and Governance Committee of Green Shield Canada. He previously served as a Director of Trillium Health Partners, Cynapsus Therapeutics, and Appleby College.

Michael Zych

Michael Zych is the former Global Head of Fixed Income, Global Banking, and Markets for Scotiabank, where he had overall responsibility for the strategy and execution of the fixed income business. At Scotiabank, his oversight included trading, sales, and origination of fixed income products globally as well as credit and interest rate derivatives. Mr. Zych has built, led, and managed teams in eleven countries across North America, Latin America, Europe, and Asia. He was a member of both the Global Banking and Markets’ Strategy Committee and Human Investment Committee. Mr. Zych retired from Scotiabank in 2015 and has since been actively engaged with the startup ecosystem as a successful advisor and angel investor. Mr. Zych holds a Bachelor of Commerce degree from McMaster University and a Masters degree in Business Administration from the University of Toronto. He is a member in good standing with the CFA Institute.