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United States

First National Financial Corp (FN.TO)

FN.TO on Toronto Stock Exchange

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Summary

Name Age Since Current Position

Stephen Smith

2013 Chairman of the Board, President, Chief Executive Officer

Robert Inglis

Chief Financial Officer

Moray Tawse

Executive Vice President, Secretary, Director

Hilda Wong

Senior Vice President and General Counsel of First National

Scott McKenzie

Senior Vice President - Residential Mortgages of First National

Jeremy Wedgbury

Senior Vice President - Commercial Mortgages of First National

Lisa White

Senior Vice President - Mortgage Operations of First National

Rick Votano

Vice President - Information Technology of First National

Jason Ellis

Managing Director - Capital Markets of First National

John Brough

70 2014 Lead Independent Director

Peter Copestake

2008 Independent Director

Duncan Jackman

50 2006 Independent Director

Robert Mitchell

2006 Independent Director

Barbara Palk

65 2013 Independent Director

Ernie Stapleton

IR Contact Officer

Biographies

Name Description

Stephen Smith

Mr. Stephen J.R. Smith is Chairman of the Board, President, Chief Executive Officer of First National Financial Corp. He is one of Canada’s leading financial services entrepreneurs, is the Chairman, Chief Executive Officer and Co-Founder of First National Financial Corporation. He has been an innovator in the development and utilization of various securitization techniques to finance mortgage assets as well as a leader in the development and application of information technology in the mortgage industry. Mr. Smith is Chairman of Canada Guaranty Mortgage Insurance Company, which he owns in partnership with Ontario Teachers’ Pension Plan. He is the largest shareholder in Equitable Bank, one of Canada’s leading alternative lenders and the country’s ninth largest bank. Mr. Smith is a member of the Board of Governors of the Royal Ontario Museum, the Board of Directors of the C.D. Howe Institute and the Empire Life Insurance Company. He is also Chairman of Historica Canada, producer of the Heritage Minutes and publisher of The Canadian Encyclopaedia. In 2012, Mr Smith received the Queen Elizabeth II Diamond Jubilee Medal for contributions to Canada. In 2015, Queen's University announced the naming of The Stephen J.R. Smith School of Business at Queen's University in honour of Mr. Smith and his historic $50-million donation to the school. Mr. Smith holds a B.Sc (Hons.) in Electrical Engineering from Queen’s University and a M.Sc. in Economics from the London School of Economics.

Robert Inglis

Mr. Robert Inglis is Chief Financial Officer of First National Financial Corp. He is the Chief Financial Officer of both the Corporation and of First National. Mr. Inglis is responsible for all financial reporting and financial planning of First National. He is the functional head of Finance and Investor Relations departments. Mr. Inglis joined First National in 1997 from Price Waterhouse (now PricewaterhouseCoopers) and was the Director, Finance and Accounting for seven years prior to becoming Vice President, Finance in 2004. Mr. Inglis was appointed Chief Financial Officer of First National on December 12, 2008. Mr. Inglis obtained his Chartered Professional Accountant designation in 1991 and received a Bachelor of Commerce (Honours) from Queen’s University in 1988.

Moray Tawse

Mr. Moray Tawse is Executive Vice President, Secretary, Director of First National Financial Corp. He directs the operations of all of First National’s commercial mortgage origination activities. With over 30 years of experience in the real estate finance industry, Mr. Tawse is one of Canada’s leading experts on commercial real estate and is often called upon to deliver keynote addresses at national real estate symposiums.

Hilda Wong

Ms. Hilda W. Wong is Senior Vice President and General Counsel of First National of the company. She oversees all aspects of First National’s legal affairs including formation of legal policy, compliance and regulatory matters, governance, contract negotiation and documentation and is responsible for First National’s privacy and anti-money laundering programs. Prior to joining First National in 2007, Ms. Wong was a partner with the national law firm of Gowling Lafleur Henderson LLP and an associate with the law firms of Smith, Lyons LLP and Borden Ladner Gervais LLP. Ms. Wong has extensive experience in all aspects of financing, syndicated lending and real estate. Ms. Wong holds a Bachelor of Laws from the University of Toronto and has been in practice since 1993.

Scott McKenzie

Mr. Scott McKenzie is Senior Vice President - Residential Mortgages of First National of the company. Mr. McKenzie is responsible for the origination and underwriting of all residential mortgage business across Canada. Prior to joining First National in 1989, Mr. McKenzie was Branch Manager with Guaranty Trust Company of Canada where he was responsible for the ongoing operation of a full service branch of Guaranty Trust. Mr. McKenzie has a Bachelor of Arts (Economics) from the University of Guelph.

Jeremy Wedgbury

Mr. Jeremy Wedgbury is Senior Vice President - Commercial Mortgages of First National of the company. He is responsible for the sales and marketing of First National’s commercial mortgage products. This role includes the management of approximately 25 mortgage originators located in offices nationally and the credit review of the commercial loan products, including CMHC-insured fixed and floating rate loans, CMBS loans, small commercial loans, second mortgages and interim/construction loans. Prior to joining First National in 2004, Mr. Wedgbury worked with other leading commercial mortgage lenders for 14 years, including Manulife Financial and Merrill Lynch Financial. Mr. Wedgbury’s educational background includes a Bachelor of Arts from Wilfrid Laurier University and the Urban Land Economics Diploma (Real Estate) from the University of British Columbia.

Lisa White

Ms. Lisa White is Senior Vice President - Mortgage Operations of First National of the company. She is the Senior Vice President, Mortgage Operations for First National and manages all aspects of residential mortgage servicing including regulatory and contractual requirements. Ms. White also oversees the functional divisions of Human Resources and Marketing. Prior to joining First National in 2001, Ms. White was a Controller at a public real estate investment company and a Financial Analyst within the Corporate Real Estate division of The Toronto-Dominion Bank. Ms. White holds a Bachelor of Economics and a Diploma in Accounting both from McMaster University.

Rick Votano

Mr. Rick Votano is Vice President - Information Technology of First National of the company. He manages all aspects of technology from software development, testing, implementation and infrastructure design and management. Mr. Votano has over 25 years’ experience in the I.T. field and has led I.T. divisions for several sectors including, financial, regulatory, entertainment and manufacturing. Mr. Votano holds a Bachelor of Science from York University and Masters of Business Administration in Economics from Medaille College.

Jason Ellis

Mr. Jason Ellis is Managing Director - Capital Markets of First National. He is responsible for interest rate risk management, funding, and securitization for all commercial and residential mortgage origination. Prior to joining First National in 2004, Mr. Ellis was with the Asset/Liability Management group at Manulife Financial and with RBC Dominion Securities in Toronto and New York where he traded fixed income and interest rate derivatives. Mr. Ellis holds a BA degree from the University of Western Ontario, a MBA degree from McMaster University and is a CFA charter holder.

John Brough

Mr. John A. Brough is Lead Independent Director of First National Financial Corp. He has served as President of both Wittington Properties Limited (Canada) and Torwest, Inc. (United States) real estate development companies from 1998 to 2007. From 1974 until 1996 he was with Markborough Properties, Inc, where he was Senior Vice President and Chief Financial Officer from 1986 until 1996. Mr. Brough is a Director of Kinross Gold Corporation, Silver Wheaton Corp. and Canadian Real Estate Investment Trust. Mr. Brough has a Bachelor of Arts (Economics) degree from the University of Toronto, as well as a Chartered Accountant degree. Mr. Brough is a graduate of the Directors Education Program at the University of Toronto, Rotman School of Management, is a member of the Institute of Corporate Directors and a member of the Professional Accountants of Ontario and Canada.

Peter Copestake

Mr. Peter Copestake is Independent Director of First National Financial Corp. He has serves as the Executive in Residence at the Queen’s University School of Business and as a corporate director and business consultant. Over the past 35 years he has held senior financial and executive management positions at federally regulated financial institutions and in the federal government. Other current directorships include Royal and Sun Alliance Insurance Company of Canada and Canadian Derivatives Clearing Corporation. He additionally serves on the Independent Review Committees at First Trust Portfolios Canada and at PIMCO Canada and as Chair of the South East Ontario Medical and Academic Organization.

Duncan Jackman

Mr. Duncan N. R. Jackman is Independent Director of First National Financial Corp. He is the Chairman, President and Chief Executive Officer of E-L Financial Corporation Limited, an investment and insurance holding company and has held similar positions with E-L Financial since 2003. Mr. Jackman is also the Chairman and President of Economic Investment Trust Limited and United Corporations Limited, both closed-end investment corporations, and has acted in a similar capacity with these corporations since 2001. Mr. Jackman sits on the boards of E-L Financial Corporation Limited, United Corporations Limited and Economic Investment Trust Limited. Prior to 2001, Mr. Jackman held a variety of positions including portfolio manager at Cassels Blaikie and investment analyst at RBC Dominion Securities Inc. Mr. Jackman holds a Bachelor of Arts from McGill University.

Robert Mitchell

Mr. Robert Mitchell is Independent Director of First National Financial Corp. He has been President of Dixon Mitchell Investment Counsel Inc., a Vancouver-based investment management company since 2000. Prior to that, Mr. Mitchell was Vice President, Investments at Seaboard Life Insurance Company. Mr. Mitchell has an MBA from the University of Western Ontario, a Bachelor of Commerce (Finance) from the University of Calgary, and is a CFA charterholder.

Barbara Palk

Ms. Barbara Palk is Independent Director of First National Financial Corp., since March 26, 2013. She is a retired as President of TD Asset Management Inc. in 2010 following a 30-year career in institutional investment and investment management. She currently serves on the Boards of TD Asset Management USA Funds Inc. in New York, Ontario Teachers’ Pension Plan and Crombie Real Estate Investment Trust. Her previous board experience includes the Canadian Coalition for Good Governance, whose Governance Committee she chaired, Greenwood College School, the Investment Counselling Association of Canada, the Perimeter Institute, the Shaw Festival, UNICEF Canada and Queen’s University, where she was the Chair of the Board of Trustees. Ms. Palk is a member of the Institute of Corporate Directors, a Fellow of the Canadian Securities Institute and a CFA charterholder. She holds a Bachelor of Arts (Honours, Economics) degree from Queen’s University, and has been named one of Canada’s Top 100 Most Powerful Women (2004).

Ernie Stapleton

Basic Compensation