Get to know the IOU Financial leadership team by clicking names below to view their full profile.
Phil Marleau has extensive financial services background spanning over 20 years. Phil is currently Chief Executive Officer (CEO) of IOU Financial and is responsible for setting the company’s overall strategic direction. Prior to starting IOU Financial, he was a portfolio manager with Palos Capital as well as an equity research analyst with Merrill Lynch, Credit Suisse First Boston, and Scotia Capital. He holds a Bachelor of Engineering (B.Eng) with a Minor in Economics from McGill University and is a Chartered Financial Analyst (CFA).
As founder of IOU Financial, Phil is an industry pioneer for developing one of the first technology-enabled SME lending platforms in North America. Since IOU’s beginnings, he has remained committed to fulfilling the organization’s mission of fueling the growth of small businesses through the power of technology. Phil’s priorities continue to be focused on leveraging IOU’s unique end-to-end lending platform to accurately assess an applicant’s financial realities. He has led the company in deploying over US$700m in capital to thousands of small businesses throughout the US and Canada.
Phil believes “you get what you measure.” He is focused on executing strategy, and staying disciplined to that path demands measurements to be well defined to stay the course. Constant review of successes is the best way to drive and refine performance metrics.
As President and Chief Operating Officer (COO) at IOU since 2008, Robert Gloer is responsible for the overall strategy and operations of the company. His experience and leadership have been laser-focused on delivering technology-driven financial solutions for small businesses in the US and Canada while driving profitable revenue growth.
Over his 25+ years in financial services, Robert has successfully held senior leadership roles within the wholesale mortgage lending arena, where he oversaw all Sales and Operations teams in the Eastern Region of the US, originating over US$4.5B annually as well as a US$500m annual P&L. He was instrumental in Investor Relations, secondary Marketing, and Underwriting.
Over the last decade, Robert has helped guide IOU Financial through the entrance and opportunity of technology-enabled lending into the modernization of leveraging data analytic techniques coupled with smart underwriting decisions.
In Robert’s free time, he loves boating, traveling, and enjoying life with his wife and two sons. Robert takes vision and makes it a reality through comprehensive strategy development.
As Chief Financial Officer (CFO), David Kennedy is responsible for IOU’s financial reporting, treasury, tax, corporate finance, capital markets, and investor relation functions. David comes with over 20 years of experience within financial services, including the capital markets and insurance industries. He is considered a strategic financial operator and partner to the executive suite and board of directors.
Before joining IOU Financial in April 2016, David began his career at PricewaterhouseCoopers LLP, where he provided advice to large multinationals and owner-managed companies in the areas of accounting, tax, audit, and general business practices. Furthering his career, David became Chief Financial and Compliance Officer at Mirabaud Canada Inc., a full-service broker/investment dealer with over $1.2B of assets under management. He was also the Executive Vice President and Chief Financial Officer at Dale Parizeau Morris Mackenzie Inc. and Mass Insurance Brokers Limited, insurance brokerage firms with combined premiums in excess of $375m.
David is a CPA, CA and a graduate of McGill University and earned a degree in Economics and Political Science from the University of Toronto.
Trust and collaboration are the cornerstones of David’s partnership philosophy. “Work and play as hard as possible for your teammates and we will all win,” says David, knowing this commitment lies at the heart for any team success.
Madeline Wade has served as Vice President of Operations since 2008, where her top priority is making decisions to ensure the organization is profitable and sustainable. Madeline comes with over 17 years of experience in financial services and operations.
Madeline is responsible for a range of operational areas across IOU including Loan Processing, Underwriting, Loan Services, Customer Support, workflow management, and general business efficiencies. Incorporating lean origination policies, procedures, and continuous improvement initiatives, Madeline strives to ensure IOU Financial’s competitiveness in the marketplace. She makes sure our highly skilled and experienced Operations team is motivated to produce top quality service to our clients.
Prior to IOU Financial, Madeline worked for several wholesale mortgage lenders in different capacities including Automated Underwriting Trainer and Support, Level II Underwriter, and Loan Account Process Manager.
In Madeline’s free time, she loves enjoying quality time with her husband and two daughters and spending lazy days on the lake with great friends and family.
Madeline believes that simply taking care of your people, focusing on the client, and acting on what is important is the path where ultimately success will reveal itself.
Jeff Turner has served as Vice President of Credit and Compliance since 2013, where he is responsible for leading internal underwriting methods and procedures to ensure risk management and lending compliance is maintained. He comes to IOU with over 25 years of experience in underwriting and financial services.
Jeff is responsible for guiding the strategic and tactical direction for risk selection. He also provides
leadership and decision support for the Underwriting and Funding departments.
Prior to IOU Financial, Jeff worked in multiple capacities in the wholesale and retail mortgage lending space. He was responsible for overseeing Sales and Operations with a monthly production of over US$100m. Jeff received his B.A. degree from Lenoir-Rhyne University in 1982.
In Jeff’s free time, he enjoys spending time with his wife, daughter, and visiting his son who lives in Chicago. He also enjoys a nice day on the beach, a cool evening in the mountains, or a hot summer day on the lake, doing all kinds of watersports.
Jeff’s focus and beliefs are that diligent actions related to guidelines, policy, and procedures keep the organization disciplined in mitigating risk.
Stewart Yeung joined IOU Financial in December 2018 as VP of Finance. Stewart is focused on building a Finance team that is a trusted partner and advisor to IOU Financial stakeholders. He has 17 years of experience in Fintech and Technology sector at i2c Inc, Paysafe Inc, Kitco Inc, and Quadbridge Inc. Stewart has a diverse background in delivering key financial reports, establishing best practices, and coordinating with operational teams to meet deliverables.
Stewart is CA, CPA and a former auditor at KPMG. He graduated from Dartmouth College with a degree in Applied Mathematics.
As a former captain of his club rugby team, Montreal Wanderers, Stewart likes playing various sports such as basketball, football, rugby, and weightlifting. He also loves food and will provide unsolicited restaurant recommendations.
Stewart believes that if you understand someone’s motivation then you’ll understand someone’s action. Then address the motivation instead of the action. Someone steals bread to feed his family, punishing the action will not solve the motivation.
Joshua Zickefoose (JZ) joined IOU Financial in July 2019 as VP of Sales & Strategy. He is responsible for sales strategy leadership, vision, and the strategic direction of the company. JZ has over 17 years of experience in the financial industry including sales execution, market development, strategy development, and marketing.
JZ has a bachelor’s degree in Business from Northwest Nazarene University and his MBA in International Business from Liberty University. Before becoming a businessman, he served in the United States Army as an Infantryman and served as a civilian police officer with the Richmond, Virginia Police department.
Through leadership and training of our Account Management and Account Executive teams, JZ oversees the building of meaningful partnerships with IOU brokers, ensuring they are continuously engaged as our trusted partners.
In his free time, JZ experiences the great outdoors. He likes mountain biking especially, and working out. JZ also enjoys spending quality time with his son, daughter, and wife.
His vision is to help IOU take the success of the past to a new and sustainable level through a network of commercial loan brokers. JZ believes that “fear of failure is the absence of success. A plan not executed is worthless; not having a plan is pointless. Plans only come into perfection through execution and adjustment.”
Benjamin Yi joined IOU Financial in January 2017 to lead IOU’s Capital Markets, Corporate Development, and Investor Relations efforts. He brings over 15 years of experience in the capital markets to IOU, where he works closely with senior management to ensure the company’s capital structure and funding sources are resilient, diversified, and cost-effective.
Prior to IOU, Benjamin worked directly under Ned Goodman, a renowned Canadian financier, investor, and founder of Dundee Corporation, a Toronto-based conglomerate. At Dundee, he worked in Investment and Corporate Development capacities with companies involved in natural resource extraction, energy technology, real estate, and automotive sectors. Prior thereto, Benjamin was an investment manager at the predecessor to 1832 Asset Management L.P., where he covered energy and special situations investments as part of a team managing one of Canada’s largest natural resources investment funds.
Benjamin brings significant corporate governance experience to IOU, having served as an Independent Director and Audit Committee Chair of public companies listed on the NASDAQ and TSX-V exchanges.
He is a strong believer in successful investment outcomes driven by “eating one’s own cooking,” the alignment of interests, and a candid elimination of agency issues.
Benjamin is a CFA charter holder and holds a Master of Finance degree from the Rotman School of Management at the University of Toronto, a Bachelor of Commerce degree from Trinity College in the University of Toronto, and an Associate Diploma (ARCT) in Piano Performance from the Royal Conservatory of Music in Toronto.
Benjamin is a massive Star Trek and Star Wars fan and enjoys cheering on his favorite team, the reigning NBA champion Toronto Raptors.
Rich Zapata joined IOU Financial in July 2018 as Engineering and Technology Manager. Rich’s career prior to IOU spans 22 years in Technology, serving in a variety of industries and roles from Software Developer to Author to Instructor.
Rich holds a BBA degree from the University of Wisconsin-Madison, majoring in Information Systems. He also served in the United States Navy.
Rich’s responsibilities cover all things technology at IOU Financial, ranging from PCs to network to the industry-leading lending platform. He leads a very talented and motivated group of Software Engineers who develop, maintain and innovate IOU’s lending platform to match its technology with the needs of its business. Additionally, Rich is responsible for maintaining the highest level of security and integrity for IOU’s customer data.
When not at work, Rich enjoys spending time with his friends and family, gaming with his stepson, exploring new places around Atlanta and learning about new technology.
Rich’s two main mantras are “get it done” and “work smarter, not harder.” Both have driven him to make the best with the resources at hand, work efficiently around obstacles, and get the job done.
Elyse Bridges has been Executive Assistant to IOU Financial since 2017, bringing eight years of prior experience. Previous to IOU, she worked for a government contractor that staffed personnel in military hospitals and for the CDC during both Ebola and Zika outbreaks. In college, Elyse’s focus was Mass Communication and Journalism, and after college, she worked as a Flight Attendant for several years before starting a family.
In her role at IOU Financial, Elyse gives her most support to the Chief Operating Officer; also assisting the entire executive team with strategic planning and other high-level tasks. Elyse coordinates flight arrangements, team meetings, and events, striving for a balanced atmosphere between corporate and fun for the organization. She also makes the office “go round”, serving in a capacity that like an Office Manager and Office Admin, ensuring everyone is taken care of in the day-to-day operations – a happy home is a healthy home. Elyse also works as a liaison between the Accounting department and Operations, helping with invoices, checkbooks, and reconciling the corporate credit cards towards the end of the month.
Elyse’s family consists of her husband, a beautiful daughter, and two fur-baby Frenchies. She loves pushing the pups in a stroller and takes them just about everywhere. All the other moments are spent supporting her husband who is an avid white water kayaker and daughter who is a competitive cheerleader. They travel all over the U.S. between the two hobbies, and her daughter’s team has been National Champions for their division on multiple occasions. Elyse definitely keeps quite busy between work, family, church, her love for jewelry and all things music-related.
Elyse is very passionate about her values, beliefs, and overall morale. “A servant’s heart can go a long way; regardless of your background. Don’t let anyone steal your joy; keep smiling, and let your light shine!” is something she firmly lives by, “you get what you give.” She holds these practices true in her work ethic and tries to overflow it into Management. “Dream as if you’ll live forever, live as if you’ll die today.” – James Dean
Board of Directors
Phil Marleau is President and CEO of the Corporation. Previously, Mr. Marleau was employed as a portfolio manager with Palos Capital Corporation and as a financial analyst in the equity research divisions of Merrill Lynch, Credit Suisse First Boston, and Scotia Capital. Mr. Marleau serves on the board of Palos Capital Corporation. Mr. Marleau holds a Bachelor of Engineering (B.Eng.) with a Minor in Economics from McGill University and is a Chartered Financial Analyst (CFA).
Evan Price is the President, CEO and a director of CO2 Solutions, a leading provider of carbon capture technology (TSX-V; symbol: CST-V). Before becoming President and CEO of CO2 Solutions, he was the Chairman of the Board. Previously, Mr. Price led several high technology companies. He is a board member of Solifor. He holds an MBA from INSEAD in Fontainebleau (France), a bachelor’s degree in forestry engineering from Université Laval and a certificate in corporate governance from the Collège des administrateurs of Université Laval.
Yves Roy has been a board member of several companies and foundations since 2006. Mr. Roy is currently a director of Fondation du Musée des Beaux-Arts de Montréal and Fondation de l’institut de cardiologie de Montréal. Mr. Roy was until recently a director and chairman of the board of Verlyx Pharma (recently sold).Mr. Roy was President and CEO, and then partner of SECOR between 2007 and 2012. Prior to this, he was CEO of Les Métaux Tremblay (Groupe LMT), and he held several executive positions at Mercer LLC for almost 25 years. Mr. Roy holds a Bachelor’s degree in actuarial science from Université Laval, a Master’s degree in risk and insurance from the University of Pennsylvania and a Ph.D. in managerial science and applied economics from Wharton School of the University of Pennsylvania.
Wayne Pommen is President and CEO of PayBright. Mr. Pommen is currently a director and the Chairman of the Audit Committee of Hudson’s Bay Company. Previously, Mr. Pommen was a Principal at TorQuest Partners, one of Canada’s leading private equity firms, and a management consultant with Bain & Company in the United Kingdom, the United States and Canada. Mr. Pommen also served as a strategy director at BPP Holdings plc.
Mr. Pommen holds a Ph.D. from the University of Cambridge and an A.B. from Harvard University.
Mr. Pommen has also completed the Directors Education Program of the Institute of Corporate Directors and has received his ICD.D designation.
Lucas Timberlake has been a Partner with Fintech Ventures Fund, LLLP, a financial technology-focused investment firm, since 2015. Since assuming his current role, Mr. Timberlake has held several board director positions with technology-enabled lending companies in the small business and real estate lending sectors, and currently serves on the board of directors for GROUNDFLOOR Finance. Previously, Mr. Timberlake was part of the investment team with Antarctica Capital, an international private equity firm focusing on real assets and insurance opportunities. Mr. Timberlake began his career as an investment banking analyst with Bank of America Merrill Lynch. Mr. Timberlake holds a Bachelor of Arts in Economics and Political Science from Columbia College of Columbia University.