66 Wellington St W, Suite 5300, TD Bank Twr, Toronto, ON
Year called to bar: 1996 (ON)
Co-head of the firm’s Structured Finance Group. His practice focuses on securitization, innovative financing, securities and structured transactions. Simon has extensive experience in representing originators, commercial paper conduits, Canadian and foreign banks, private equity and credit funds, fintechs, and specialty and alternative lenders in a wide range of domestic and international financings. Simon’s transactions involve a variety of assets classes including residential and commercial mortgages and home equity lines of credit, energy receivables, trade receivables, auto loan and leases, purchases of loan pools and flow lending transactions. Simon is a leading lawyer in Canada’s residential mortgage securitization market and has been very involved in advising alternative and fintech lenders in securing efficient forms of capital.
As part of the continuing transformation of its business since its spin-off from Element Financial, Steve Hudson’s ECN Capital Corp. [TSX: ECN] completed the acquisition of Triad Financial Services in December 2017 and sold its Canadian commercial and vendor finance business to Canadian Western Bank in January 2018.
On June 29, 2009, Ford Credit Canada Limited (FCCL) completed a retail loan securitization transaction, receiving proceeds of $0.6 billion. In order to carry out the transaction, Ford Auto Securitization Trust, a newly established master trust sponsored by FCCL, purchased a pool of retail conditional sale contracts from FCCL.
