HomeEquity Bank
Michael Lomas is an experienced finance professional currently serving as Vice President and Treasurer at HomeEquity Bank since January 2022. Prior to this role, Michael held the position of Managing Director at Scotiabank from May 2004 to December 2019, where responsibilities included management of debt investor relations, rating agency relationships, interest rate risk, liquidity portfolios, and securitization. Michael has also served as Treasurer for the Canadian Banking business. Michael holds a Master of Business Administration (MBA) in Accounting and Finance and a Bachelor of Arts (B.A.) in Economics, both from Queen's University, with studies completed between 1976 and 1982.
HomeEquity Bank
HomeEquity Bank is a Schedule I Canadian bank and is the only provider exclusively focused on reverse mortgages for homeowners aged 55 and over. HomeEquity Bank is a privately held company and helps Canadians live retirement their way by providing a safe, secure, and easy way to access the equity they’ve built up in their homes through their financial solutions, the CHIP Reverse Mortgage® and Income Advantage®. HomeEquity Bank has been the leader of reverse mortgages in Canada since its inception in 1986. HomeEquity Bank has an effective direct-to-consumer distribution model as well as a well-established network of referral partners. This extensive partner network includes all major Canadian banks, credit unions, mortgage brokers, and financial planning firms.