Major reshuffling at HUB Financial

By Alain Thériault | February 27 2019 11:30AM

A major reorganization at HUB Financial in February sparked promotions for several executives of the MGA and its mutual fund firm, Terri Botosan, CEO of HUB Financial and HUB Capital, told Insurance Journal.

“The acquisition pipeline is on the go and keeps us busy,” Terri Botosan told The Insurance Journal in an interview. “We appointed many people from our organization to new roles,” she adds.

Chicago-based HUB International, parent company of HUB Financial, was the second most prolific acquirer in Canada and the United States in 2018, racking up acquisitions in property and casualty insurance and employee benefits. In July 2018, HUB Financial, backed by HUB Internationa, acquired Independent Financial Concepts Group.

New appointments

In one of two internal memos that Botosan shared with Insurance Journal, Jamie Greenfield, Executive Vice-President and Chief Operating Officer of HUB Financial, announced that Bobbisue Edmondson will become VP, Operations, Wealth Management Division. Edmondson has amassed in-depth knowledge of HUB’s business operations since joining the firm 12 years ago.

HUB Financial also created a position of Vice-President Operations, Insurance division, and has appointed Deborah Bowskill to the position of Director, Corporate Services. “There are many changes here to realign our people to our goals and ultimately to serve our customer better,” Greenfield says.

Chris DiSalle retires

In the second memo, Chris DiSalle, Executive Vice-President, CSO of HUB Capital, announced that he will retire in June 2020 to spend more time with his family. He took the opportunity to highlight some appointments within his team and added that he will oversee the transition until he retires.

Aly Damji will assume the role of Executive Vice-President, Investment Division and HUB Capital. Andrew Fink will be the new Executive Vice-President, Insurance Division. Fink will report directly to Terri Botosan. DiSalle says that the appointments and reorganization “will ensure we not only grow, but thrive in the marketplace as Canada’s largest independent MGA.”