TORONTO – January 15, 2007 – MMV Financial Inc. (MMV) announced today that Inder Duggal has joined the firm as Chief Operating Officer and Chief Financial Officer. He will be responsible for managing operations and financial risk for the company.
“We are extremely excited to have Inder join MMV’s executive leadership team, where we will benefit immensely from his financial and operational experience and proven record of success,” said Minhas Mohamed, President and CEO of MMV. “The company is in a tremendous growth mode and we look forward to be benefiting from his skill-set.”
Inder joins MMV with 30 years experience and expertise in strategic, financial and operational aspects of business. Prior to his joining MMV, he was CFO, Secretary, Treasurer and Director on the Board of Hummingbird Ltd., one of the largest technology public companies in Canada. During his 14 years tenure with the company, he was an integral part of building and growing the business, managing numerous acquisitions and divestitures, four public offerings and played a key role in the recent successful acquisition of the company.
Prior to joining Hummingbird, Inder spent 9 years with a French bank, where he was responsible for international banking and financial controls and reporting. Before that, he worked for a Tata company in India.
Inder is a Chartered Accountant and has a Bachelor of Commerce (honours) Degree. He has passed his Certified Public Accountants examination in the USA.
About MMV Financial Inc.
MMV Financial is a Toronto-based specialty finance company providing creative debt solutions directly to technology and life sciences companies across North America. MMV is backed by top U.S. and Canadian private equity firms and financial institutions including CCP Equity Partners, Caisse de dépôt et placement du Québec, NewStar Financial, Inc., Wells Fargo Company and HSBC Bank Canada. For more information visit http://www.mmvf.com/, or contact:
Executive Vice President
MMV Financial Inc.