Daily News: November 14, 2012

Salus Hires Sturrock as Managing Director, Salus Capital Canada

Salus Capital Partners announced the hiring of Mark Sturrock as managing director Canadian head of Originations and Corporate Strategy. Based in Toronto, Sturrock is responsible for all aspects of the Canadian operation including corporate strategy, origination and structuring of new business opportunities, the execution and quality of service for credit facilities, as well as the continued development of the Salus Capital platform as it makes new concerted entrances into dedicated regional markets across North America.

“Mark is an industry veteran and we’re very excited to welcome him to the Salus Capital team,” said Andrew H. Moser, president of Salus Capital Partners. “He possesses a strong business sense and shares in our vision of providing flexible and reliable capital solutions to our clients. Mark is the ideal candidate to lead and expand on Salus Capital’s platform with broader reach in the Canadian market.”

Prior to joining Salus Capital, Sturrock served as senior director of Asset-Based Lending for CIBC, where he was in charge of business development and underwriting, servicing the C$10 million to C$500 million market segment across Canada. Sturrock has also held a variety of positions at Wells Fargo Financial Canada and Royal Bank of Canada.

He is an active member and former Director of the Turnaround Management Association (TMA