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Hampton Financial Corporation – New Executive Appointments

TORONTO, Oct. 08, 2019 (GLOBE NEWSWIRE) -- Hampton Financial Corporation (TSXV:HFC) (TSXV:HFC.PR.A) is pleased to announce the following appointments, subject to regulatory approval:

Sharon Castelino, MBA, ICD.D is joining the firm as President and Chief Operating Officer (COO), effective immediately. Ms. Castelino will have responsibility for day-to-day operations as well as development and oversight of the Company’s long-term growth plan.

“Over two decades, Sharon has built an impressive track record of strategic, operational and multi-faceted leadership within the financial services industry,” said Peter Deeb, Executive Chairman and CEO. “Her wealth of knowledge and experience will be a valuable asset as we continue to diversify Hampton’s offerings and accelerate our growth strategy."

Ms. Castelino was most recently Vice President, Home Financing Solutions, Scotiabank and has held executive roles at TD Bank, Real Matters and CIBC. She earned her MBA with Distinction, Ivey Scholar from the Richard Ivey School of Business, completed her undergraduate degree from York University and McGill University and received her ICD.D certification from the Institute of Corporate Directors.

“I am excited and honored to take on this role,” said Ms. Castelino. “Hampton has built a strong foundation over 23 years. They’ve succeeded and remained competitive in a volatile industry, becoming one of Canada’s largest independent wealth management and capital markets firms,” she continued. “We’ve identified several key opportunities to deliver sustainable shareholder value, diversification and long-term growth. We will take a very disciplined approach to achieving our objectives, and I look forward to partnering with the entire Hampton team,” Castelino concluded.

Ms. Castelino replaces Joe Pavao who has left the company.

Patrick Michaud, MBA, ICD.D, CPA is joining the firm as Chief Financial Officer (CFO). Mr. Michaud has spent a career in financial leadership having served as Chief Financial Officer for companies such as Clairvest Group Inc., Technicore Group of Companies, Score Media, and GlycoDesign Inc.

Mr. Michaud also served as Managing Director of Templar Associates Inc., a financial services business providing personalized corporate finance expertise and management leadership to businesses including consulting to secure equity and equity-related capital for emerging growth companies, financial operational assistance to support initial public offerings and other financings for more developed companies. Mr. Michaud has an MBA from the University of Western Ontario, a BEng in Civil Engineering from the Royal Military College, and is a Chartered Public Accountant. He participates on a number of boards including as Chairman of the International Consortium on Antivirals and Director of Macaloney Brewers & Distillers Ltd. Mr. Michaud will be replacing Jason Mackey who will be leaving to pursue another opportunity with our best wishes and great appreciation for his service.

About Hampton Financial Corporation

Hampton Financial Corporation is a unique private equity firm that seeks to build shareholder value through long-term strategic investments. Through its wholly-owned subsidiary, Hampton Securities Limited (“HSL”), Hampton is actively engaged in family office, wealth management, institutional services and capital markets activities. HSL is a full service investment dealer, regulated by IIROC and registered in Alberta, British Columbia, Manitoba, Saskatchewan, Nova Scotia, Northwest Territories, Ontario and Quebec. In addition, the company provides investment banking services, which include assisting companies with raising capital, advising on mergers and acquisitions, and aiding issuers in obtaining a listing on a recognized securities exchange in Canada.

For more information please contact:

Peter Deeb
Executive Chairman & CEO
Hampton Financial Corporation
(416) 862-8651
pdeeb@hamptonsecurities.com
141 Adelaide Street West,
Suite 1800,
Toronto, Ontario M5H 3L5

The TSX Venture Exchange (“TSXV”) has in no way approved nor disapproved the contents of this press release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.