Meet Our Team

Our mission is to empower entrepreneurs with the growth capital needed to sustainably scale their businesses through our fast, flexible, and founder-friendly alternative debt structures.

Vernon Lobo

Vernon Lobo

Executive Chairman

Vernon was founder and Managing Director of Mosaic Venture Partners, an early-stage venture capital fund. Through 26 years in the investment industry, Vernon helped build several companies from startup to acquisition or public listing, eight of which achieved valuations in excess of $100 million. Earlier in his career, Vernon was a consultant with McKinsey & Company and software engineer at Nortel Networks. He holds a BASc in Engineering from the University of Waterloo and an MBA from Harvard where he was a Baker Scholar.

Alex Baluta

Alex Baluta

Chief Executive Officer

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. He currently serves as Chief Executive Officer and Board Member at Flow Capital.

Gaurav Singh

Gaurav Singh

Chief Financial Officer

Gaurav brings over 15 years of experience including several board and executive positions across a portfolio of small-cap Canadian public and private companies. He has undertaken leadership roles in corporate finance, strategy, trade-policy advocacy, and start-up operations across the Technology, Media, Mineral Resources, and Professional Services sectors, in India, Europe, and North America. He holds an MSc. in Finance from London Business School, U.K., and a Bachelor of Commerce from Delhi University, India.

Josh Axler

Josh Axler


Prior to joining Flow Capital, Josh had deployed over $200 million of credit facilities as an Investment Manager at Crown Capital Partners and as a Commercial Banking Associate at CIBC. Josh has also worked in business development roles with Hay Group and Xerox. Josh has a Bachelor of Arts, Honours Business Administration (HBA), and a Master of Business Administration (MBA) from the Ivey Business School at Western University. He also holds the Chartered Financial Analyst designation.

Sabena Quan-Hin

Sabena Quan

Marketing Manager

Sabena leads Flow Capital’s marketing operations, driving demand generation, digital marketing, brand building, and partnership efforts. Before joining Flow Capital in 2019, Sabena held various roles in companies ranging from early-stage startups to multinational corporations in industries including technology, finance, and consumer packaged goods. Sabena holds a Bachelor of Commerce degree from the University of British Columbia.

Meet Our Board of Directors

Vernon Lobo – Executive Chair

See core team profile.

Catherine McLeod-Seltzer – Director

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 – Director

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.

Alan Torrie – Director

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 – Director

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. 

Alex Baluta – Director

See core team profile.