TORONTO, April 20, 2020 – Flow Capital Corp. (TSXV: FW) (“Flow Capital”, “Flow” or the “Company”) is pleased to announce the appointment of Michael Zych as an independent director.
“On behalf of Flow Capital, I would like to welcome Mike to the Board of Directors. Mike brings over 25 years of executive experience in the banking and financial services industry and is actively engaged with the Canadian start-up ecosystem as a successful advisor and angel investor. His strong financial background, lending experience, management expertise, and venture ecosystem relationships will be an asset to the next phase of the Company’s growth,” commented Vernon Lobo, Executive Chairman.
Michael 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. His oversight included trading, sales, and origination of fixed income products globally as well as credit and interest rate derivatives. He 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. He retired from Scotiabank in 2015 and has since been actively engaged with the start-up community. Michael holds a Bachelor of Commerce degree from McMaster University and a master’s degree in business administration from the University of Toronto. He is a member in good standing with the CFA Institute.
Concurrently, another existing director, Paul DeLuca, is stepping down from the Board of Directors of the Company.
“I would like to thank Paul for the guidance and counsel he provided to Flow over many years and across a series of key transactions. We wish him every success in the future,” said Vernon Lobo, Executive Chairman.
About Flow Capital
Flow Capital Corp. is a diversified alternative asset investor and advisor, specializing in providing minimally dilutive capital to emerging growth businesses. To apply for financing, visit www.flowcap.com.
For further information, please contact:
Flow Capital Corp.
Alex Baluta
Chief Executive Officer
alex@flowcap.com
1 Adelaide Street East, Suite 3002,
PO Box 171,
Toronto, Ontario M5C 2V9
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements herein may be “forward-looking” statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Flow or the industry to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward-looking statements. These forward-looking statements reflect current assumptions and expectations regarding future events and operating performance and are made as of the date hereof and Flow assumes no obligation, except as required by law, to update any forward-looking statements to reflect new events or circumstances.
