Literally hundreds and hundreds of people have contributed to positively shaping our mortgage industry. Yet, only 38 have been installed in the Mortgage Hall of Fame to date. This exclusive group will soon be joined by two more industry pioneers.
At CAAMP’s 2015 Mortgage Forum Awards Ceremony, Boris Bozic, founder and president of Merix Financial, and Alan Jette, Executive Vice President, Treasury and Balance Sheet Management, TD Bank Group, will both be inducted. These men have built storied careers spanning more than two-and-a-half decades each.
Below you’ll find the story of their contributions to our mortgage market, and their respective roads to success.
Boris Bozic, AMP
Boris’s career in the industry began more than 25 years ago. He started as a mortgage broker, but soon craved a different sort of challenge. So he moved to Vancouver where he joined Mortgage Centre Canada to become its Area Franchise Manager, Western Canada.
Boris went on to lead the largest independent brokerage firm in B.C. for eight years before returning to Toronto where he was recruited by TD Bank to lead their broker channel. In just 36 months, Boris grew TD’s market share from seventh place to second overall.
His next challenge came in 2005 when he launched Merix Financial. Merix funded $1.4 billion in its very first year in operation — something that had never been done before by a new entrant in the broker channel.
Boris’s contributions to the industry continued through his work with industry associations. While based in Vancouver he was elected Vice-President of the MBABC, and for six years he was a member of CAAMP’s leadership, serving as a board member, Secretary, Vice-Chair and ultimately Chair.
He continues to share his point of view on industry matters through the always entertaining and straight-shooting blog, To the Point with Bozic.
Alan entered the mortgage business on the lender side more than 25 years ago. He rose to become one Canada’s most accomplished in the fields of balance sheet and interest rate risk management.
Alan founded two firms specializing in asset/liability management and later joined FirstLine Trust where his experience enabled FirstLine to lead the securitization market for the following 10 years, until the company was sold to CIBC in 1995. During this time he worked extensively with CMHC to create the Canada Mortgage Bond (CMB) in Canada, and later the mortgage backed securities (MBS) Program.
Alan went on to join Ed Clark at TD Canada Trust in the 1990s, and continues to serve as Executive Vice President, Treasury and Balance Sheet Management of TD Bank Group.
In his nomination for the Mortgage Hall of Fame, one commenter wrote of Alan: “Without the CMHC MBS program, many lenders would have perished in 2008. Instead, most thrived and have brought a very effective mortgage market for Canadians. … [he] is a behind-the-scenes hero for the mortgage industry.” Fellow Hall of Famer Ivan Wahl has called Jette the industry’s “most talented Treasury professional for 30 years.”
Alan will put a bookend on his storied career in 2016 when he is set to retire.