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Press Releases

Stone Investment Group Limited Reports Changes to the Board of Directors

Date: October 11, 2018

TORONTO – October 4th, 2018

Stone Investment Group Limited reports that two new appointees, Mr. Hari Panday and Mr. Mark Lerohl have been appointed as independent directors to fill two vacancies resulting from the resignations of directors Christopher Kruczynski and John Juhlke.  The appointees will serve and will submit their names for nominations to continue as directors at the upcoming Annual Meeting of Shareholders.

Mr. Panday, as the Founding President and CEO, led the establishment and operations of ICICI Bank Canada as a full-service Canadian chartered bank, reaching an asset-base of $4 billon, with a Pan-Canada client base of retail and corporate customers. Concurrently, he led ICICI Bank Group’s wealth management and securities businesses in North America.

Prior to ICICI Bank, he held executive roles with HSBC Bank Canada, Bank of Montreal and Price Waterhouse Coopers.

Currently, he is the Chairman of the Board at Pro-Demnity Insurance Company and Vice-Chairman of the Board, Tarion Warranty Corporation.  In the past, he served on the boards of ICICI Bank Canada, ICICI Wealth Management Inc., ICICI Securities (USA), Avalon Advanced Materials Inc. (TSX/NYSE) and Canadian Securities Exchange (CSE, formerly CNSX).

He holds the professional accounting designations of FCPA, FCGA and earned the ICD.D designation.

Mark Lerohl is Founder and President of Radar Capital (October 2013 to present), a private investment firm focused on making growth equity investments. Prior to that he spent over 20 years in the finance industry, with an emphasis on investment banking.

Mark is also a Director of Quantum International Income Corp., a Canadian public company listed on the TSX Venture Exchange as well as a number of companies in which Radar Capital has invested.

Mark holds an MBA from the Ivey Business School at Western University, and a BSc. in math and economics from the University of Alberta. He is also a CFA Charterholder.

About Stone Investment Group Limited
Stone Investment Group Limited is the parent company to Stone Asset Management Limited. Stone Asset Management Limited is an active asset manager, providing investment management services via distinctive investment mandates, overseen daily by the disciplined execution of a proprietary investment process and investment philosophy. Access to Stone investment mandates can be achieved via a family of open-ended mutual funds, a pooled fund, and Private Wealth Management services. Stone’s expertise ranges from servicing Canada’s retail investors and working with their financial advisors, to the complexities of working directly with Family Offices, endowments and foundations.


For more information:

Stone Investment Group Limited
Jason Stone
Investor Relations
T 416 867 2533 T 800 336 9528 x4429