Le Lézard
Classified in: Business
Subject: AWD

Waterstone Human Capital Names HomeEquity Bank to its Most Admired Corporate Cultures list for the First Time


TORONTO, Nov. 24, 2022 /CNW/ - HomeEquity Bank, provider of the CHIP Reverse Mortgage, is pleased to announce it has been recognized in the Waterstone Human Capital Most Admiredtm Corporate Cultures list for the first time. Canada's Most Admired Corporate Cultures is a national program, now in its 19th year, that annually recognizes best-in-class Canadian organizations for having cultures that have helped them enhance performance and sustain a competitive advantage.

HomeEquity Bank was named to the list in the Mid-Market category following an in-depth assessment ranging from the organization's vision and leadership to corporate social responsibility initiatives. 

Waterstone Human Capital Canada's Most Admired Corporate Cultures (CNW Group/HomeEquity Bank)

"Being recognized as one of Canada's Most Admired Corporate Cultures is a testament to our team and their commitment to live our values every day with each other and with our customers," says Steven Ranson, HomeEquity Bank President and Chief Executive Officer. "I look forward to continuing to work together to fulfill our purpose of helping Canadian homeowners aged 55 plus enjoy a financially secure retirement in the home they love."

In 2021 HomeEquity Bank experienced an increased need for new talent to support its record-breaking volumes and exceeded growth expectations. Amidst pandemic uncertainty, it surpassed $1B in reverse mortgage originations (a 28% increase over 2020) and growth continues through 2022 as Canadian homeowners continue to seek retirement income solutions by accessing the equity in their home. To meet the demand for new and diverse talent, the Schedule 1 bank extended recruitment capacity and increased head count by more than seven per cent. 

"HomeEquity Bank supports a dynamic culture, always with people at its core. To ensure this, we emphasize inclusion, flexibility and community," says Sherry Dondo, Senior Vice President and Chief Human Resources Officer. "The people-focused culture we embrace is immediately evident to new employees and yes, we are hiring." 

"At Waterstone we believe corporate culture drives performance and that it's your organization's single greatest asset," says Marty Parker, President and CEO of Waterstone Human Capital and Chair of the Canada's Most Admiredtm program. "The 2022 award recipients demonstrate that putting culture at the center of your strategy drives growth and accelerates performance. They actively craft high-performance cultures that drive extraordinary results and serve as an inspiration for others who want to do the same."

This latest accolade come on the heels of HomeEquity Bank being named a recipient of the Canadian Mortgage Professional (CMP) Best Employers Award for the past two years, achieving over 80% satisfaction on CMP's employee survey, and being recognized as an Excellence Awardee for the Wealth Professional Employer of Choice Award 2022. HomeEquity Bank was also named as one of Canada's Top Growing Companies by the Globe and Mail Report on Business for the third time in 2022.

About HomeEquity Bank

HomeEquity Bank is a Schedule 1 Canadian Bank offering a range of reverse mortgage solutions including the flagship CHIP Reverse Mortgagetm product. The company was founded more than 35 years ago to address the financial needs of Canadians who wanted to access the equity of their top asset ? their home. The Bank is committed to empowering Canadians aged 55 plus to live the retirement they deserve, in the home they love. HomeEquity Bank is a portfolio company of Ontario Teachers' Pension Plan Board, a global investor that delivers retirement income for 333,000 current and retired teachers in Ontario. For more information, visit www.chip.ca

About Waterstone Human Capital

At Waterstone Human Capital, we inspire organizations to build high performance cultures. We're a human capital management consulting firm specializing in retained executive search, cultural measurement and assessment, and leadership training and development. We have successfully helped hundreds of entrepreneurial-minded, high-growth organizations across North America recruit, measure, and train for fit. Waterstone is also the founder of the Canada's Most Admiredtm Corporate Cultures and Canada's Most Admiredtm CEO programs. These national programs annually recognize best-in-class Canadian organizations and CEOs, for fostering cultures that enhance performance and help sustain a competitive advantage.

For more information, please visit waterstonehc.com or canadasmostadmired.com.

SOURCE HomeEquity Bank


These press releases may also interest you

at 14:00
BT Brands, Inc. , announced it will report its fourth quarter and full year 2023 results after market close today Thursday, March 28th. The Company will also host a conference call today to discuss the results at 4:15 p.m. ET. Participants may join...

at 13:54
California must require insurance companies to sell home insurance to homeowners who protect their homes from wildfire in order to restore consumers' access to affordable coverage, Consumer Watchdog executive director Carmen Balber will testify in...

at 13:52
Today Parker Migliorini International (PMI Foods) announced a historic partnership with New Life Church in Arkansas to provide meals to the needy. With 18 church campuses across the state, this donation will directly benefit underserved communities...

at 13:45
A hearing has been scheduled before a hearing panel of the Canadian Investment Regulatory Organization (CIRO) pursuant to the Investment Dealer and Partially Consolidated Rules to consider whether a hearing panel should accept a settlement agreement...

at 13:45
The "Belgium Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) - Q1 2024 Update" report has been added to ResearchAndMarkets.com's offering. Gift card industry in Belgium is expected to grow by 7.3% on annual...

at 13:44
UK-based market research consultancy Futuresource Consulting and Boston-based market research firm BCC Research have today announced a strategic merger of the two companies. The move will lay the foundations for an era of expansion and technological...



News published on and distributed by: