Tim Wilson will be RF Capital Group Inc.’s next chief financial officer, the firm said on Tuesday.
The former Equitable Bank CFO will take over from Benjamin Scholten, CEO of carrying broker RF Securities Clearing, who has been serving as RF Capital’s interim CFO.
Wilson spent nine years in charge of EQ Bank’s finances and previously held senior roles at Visa Canada and CIBC. He’ll start the CFO job at RF Capital in April.
“His proven track record of delivering profitable growth and improving operational performance is especially relevant to our business today and as we chart the path to future success,” said Kish Kapoor, RF Capital’s president and CEO, in a release.
Scholten will help Wilson transition into the finance role at RF Capital, formerly GMP Capital. The firm changed its name after consolidating its ownership of brokerage Richardson GMP (now Richardson Wealth) in October.
Scholten will continue to focus on “identifying benefits, synergies and other opportunities to combine the company’s carrying broker operations with Richardson Wealth,” the release said.
Richardson Wealth CFO Elliot Muchnik will leave the firm at the end of March after 14 years.
“Elliot is a well-respected senior executive, mentor and colleague and a valued member of the Richardson Wealth leadership team,” Kapoor said. “We wish Elliot all the best in the next chapter of his professional life.”