FCT Thanks Wayne Mcleish for 14 Years of Leadership as CEO at DRN Commerce


OAKVILLE, ONTARIO April 25, 2012, – Patrick Chetcuti, President of FCT Insurance Company Ltd, (FCT) Canada’s leading provider of title insurance and parent company of DRN, today announced the retirement of Wayne McLeish, Founder and CEO of DRN Commerce Inc. (DRN), and the appointment of a new CEO at DRN, Todd Skinner.

“In 14 years Wayne built DRN into Canada’s leader in collection software and internet‐based
collaborative commerce solutions for the default management industry,” said Chetcuti, “We are grateful for Wayne’s contributions to the DRN success story.”

Under Wayne’s leadership, DRN grew from a start up business in London, Ontario to a
175‐person operation providing North America’s most widely used collaborative default
management technology system. The company also has been recognized with many accolades and reached many milestones. In 2004, DRN was awarded the prestigious Bell Canada Innovation Technology Award by the Ontario Chamber of Commerce. In 2008, DRN was recognized as the 4th best employer on the list of the Top 25 Best Small and Medium Employers in Canada by the Globe & Mail. Today DRN Commerce has 4,000 users and manages over $14B in debt on any given day.

With Wayne’s retirement effective July 15, 2012, FCT is pleased to announce the appointment of Todd Skinner as CEO of DRN Commerce effective May 7, 2012. Todd brings two decades of experience in finance, credit and lending services and joins DRN from his most recent position as Chief Credit Officer, Retail Banking and Wealth Management at HSBC Bank Canada. Todd also serves as member of the Board of Advisory at Equifax Canada and a member of the Board of Directors of ABC Literacy. During their transition period, Wayne and Todd will meet with clients to ensure a seamless continuity of service excellence.

“I am delighted to welcome Todd to the FCT Family and know that DRN’s clients will be impressed by his insights, knowledge and expertise,” stated Chetcuti. “I look forward to
working with Todd to continue to grow DRN through innovation, customer service, and industry leadership”.

About DRN Commerce Inc.
DRN Commerce is Canada’s leading provider of collection software and internet‐based
collaborative commerce solutions for the default management industry. With over 38
clients and 4000 users, DRN software and default management expertise has allowed its
clients to significantly increase recoveries while reducing administrative expenses
within recovery processes. DRN provides a complete range of software and default
management outsourcing services in mortgage, credit card, loan, retail, telecom and
utility collections. DRN also provides technology and full outsourcing solutions for
insolvent accounts through InsolvencyLink. DRN also provides end to end solutions for
the management of vehicle repossessions. To find out more about DRN, visit

About FCT Insurance Company Ltd. (First Canadian Title)
The FCT group of companies includes FCT Insurance Company Ltd., which is Canada’s leading provider of title insurance; DRN Commerce Inc. and First Canadian Title Company Limited, which offers other non insurance‐related products and services for residential and commercial real estate transactions. Founded in 1991 and based in Oakville, Ontario, FCT employs approximately 850 people from coast to coast. Its customers include more than 300 lenders, 15,000 lawyers and notaries nationwide, every major Canadian chartered bank, credit unions, other lending institutions, real estate agents, mortgage brokers and builders. Insurance is provided by FCT Insurance Company Ltd., with the exception of commercial policies, which are provided by the Canadian branch of First American Title Insurance Company.

For more information about FCT, please visit www.FCT.ca.


Media contact:
Wendy Rinella
Corporate Affairs, FCT
905 287‐3379