HomeEquity Bank, the leading reverse mortgage lender in Canada and a Schedule I federal bank in the country, announced on Wednesday that its longtime president and CEO Steven Ranson will retire effective June 30.

“We have achieved what I set out to achieve many years ago; to establish reverse mortgages and HomeEquity Bank as a respected choice for older Canadians,” Ranson said in a statement. “I feel confident that this is the right time to pass the torch to a new leader who will continue to build on our long track record of success.”

Ranson, who first joined details ⇒

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