Mr. Peter Deeb reports
HAMPTON FINANCIAL CORPORATION ANNOUNCES THE APPOINTMENT OF NEW CEO OF ITS OXYGEN WORKING CAPITAL SUBSIDIARY
Hampton Financial Corp. has appointed John Levac as chief executive officer of Oxygen Working Capital Corp., a wholly owned subsidiary of Hampton.
"As we continue to develop and expand the scale of our newly acquired factoring business, Oxygen Working Capital Corp., we are delighted to welcome John Levac as CEO of Oxygen. John brings decades of experience in asset-backed and securitized lending to the company, having worked previously with major players in this space such as Wells Fargo and RBC. He also brings along numerous industry, lender and borrower relationships and we are pleased to have him join the team," said Hampton executive chairman and chief executive officer Peter Deeb.
"I am delighted to announce my appointment as CEO of Oxygen Working Capital, joining their Toronto-based team. Oxygen consists of a highly diversified team of financial experts. As their growth potential across North America as an established and growing alternative lender is very exciting, the future looks bright. Under this new role, I look forward to connecting with many of my industry colleagues and developing new relationships with those whom I have not had the privilege of meeting yet, to enhance Oxygen's capabilities and further diversify their relationship base," stated Mr. Levac.
Hampton acquired Oxygen in early 2024 and has worked to integrate Oxygen's factoring business into the Hampton platform while expanding Oxygen's lending portfolio.
About Hampton Financial Corp.
Hampton is a unique private equity firm that seeks to build shareholder value through long-term strategic investments. In addition to Oxygen, through its investment dealer subsidiary, Hampton Securities Ltd. (HSL), Hampton is actively engaged in family office, wealth management, institutional services and capital markets activities.
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