Northern Financial Corp. and Jaguar Financial Corp. together have announced the resignation of Doug Chornoboy, senior vice president and chief financial officer of both Toronto-based firms.
Chornoboy is leaving to take up a position with a financial institution in British Columbia.
Northern wholly owns Northern Securities Inc., a full service investment dealer that provides financial advisory services to retail and institutional clients and investment banking services to small capitalization companies.
Jaguar is a Canadian merchant bank that invests in undervalued small capitalization companies in a variety of industry sectors
“On behalf of the Boards of Northern and Jaguar, I want to thank Doug for his very valuable and extensive six-year service to the companies and to wish him every success,” said Vic Alboini, chairman and CEO of Northern and Jaguar stated, in a release.
The companies expect to announce a new chief financial officer in due course.