After 27 years, Steven Ranson retires, passing the leadership to Katherine Dudtschak, poised for growth
HomeEquity Bank 's board of directors has appointed Katherin Dudtschak as the next president and CEO.
Katherine Dudtschak, an industry veteran with extensive experience, previously worked as executive vice-president of Regional Banking at RBC. Dudtschak has led a team of over 25,000 advisors and co-led the development of RBC's omni-channel distribution strategy.
Dudtschak is known for her strategic, collaborative, and purpose-driven leadership approach, and has been recognized for her contributions to diversity, equity, and inclusion.
She is actively involved in community building, working on the boards of the United Way of Greater Toronto, the Canadian Museum for Human Rights, and Jack.org.
This announcement comes after the announcement that Steven Ranson will be retiring as president and CEO after a 27-year career building the reverse mortgage industry in Canada.
Under Ranson's leadership, HomeEquity Bank experienced significant growth, expanding from 36 employees and $100m of total mortgages in 1997 to over 300 employees and a portfolio of almost $8bn. The bank has also originated over $1bn of new mortgages annually for the past three years.
Ranson stated, “We have achieved what I set out to achieve many years ago; to establish reverse mortgages and HomeEquity Bank as a respected choice for older Canadians. I feel confident that this is the right time to pass the torch to a new leader.”
Daniel Jauernig, chair of the board of HomeEquity Bank, expressed his gratitude towards Ranson, “It's been an honour working with [Ranson] these past 27 years as he built HomeEquity Bank into the leading national provider of reverse mortgages in Canada.”
Jeff Markusson, senior managing director at Ontario Teachers' Pension Plan and a member of the Board, also congratulated Ranson on his retirement, highlighting his impactful contribution to the bank's growth.
Dudtschak will take over as President on May 1, with Ranson continuing as CEO until June 30. She will then assume full responsibilities as President and CEO on July 1, as confirmed by the bank's announcement.
