Daryl Ching, CFA
Senior Advisory Board Member
As the founder of the Young Professionals Association of Canada (YPAC) and president for five years, Daryl Ching has brought a wealth of experience to NAAAP Toronto. Daryl has served (2009-2011) as VP of Operations and Senior Vice President at NAAAP Toronto, and has now joined the Senior Advisory Board.
Through his wealth of experience in the financial industry, Daryl is a well-recognized expert in Canada on securitization and has extensive knowledge of the hedge fund industry. Daryl has given presentations at various conferences that include the recent asset backed commercial paper (ABCP) debacle, structured finance, the hedge fund industry and current distressed debt investment opportunities.
Daryl began his financial career at RBC Capital Markets, where he structured and executed multi-billion dollar credit card receivable, residential mortgage, and equipment and auto loan and lease transactions through the issuance of term asset backed securities (ABS) and short-term asset backed commercial paper (ABCP). Daryl later moved to Coventree, which was the largest non-bank ABCP issuer at $16 billion outstanding.
In response to the ABCP debacle which is now recognized as Canada’s largest financial crisis, Daryl launched his own consulting firm to fill the void and educate investors on these complex products. Clarity Financial Strategy provided insights on the $32 billion, 18-month long restructure that was recently completed which involved numerous counterparties and escalated to the Supreme Court of Canada. Clarity’s clients included several corporate noteholders of ABCP, as well as Canaccord, who hired Clarity to provide consulting to 1,400 retail clients. During the restructure process, Daryl ran a blog that was updated four times a week, was quoted in numerous media sources such at the Financial Times, the Globe and Mail, the Financial Post, Reuters news wire reports and Risk Magazine and made about 20 appearances on BNN.
After the restructure completed, Daryl joined Clubb Finance, a small private auto finance company that provides floorplan loans to dealerships to finance their used auto inventory. Daryl revamped the company's underwriting and credit guidelines and successfully closed a $25MM private securitization deal, a mission critical funding facility for the company.
Daryl is currently the President of Ubequity Specialty Finance Corp., where he is responsible for spearheading an initiative to provide financing to small to mid size businesses through securitization and other asset based strategies.
Daryl has an Honours Economics degree from the University of Western Ontario and is a CFA charterholder.
Daryl Ching, CFA
Senior Advisory Board Member
As the founder of the Young Professionals Association of Canada (YPAC) and president for five years, Daryl Ching has brought a wealth of experience to NAAAP Toronto. Daryl has served (2009-2011) as VP of Operations and Senior Vice President at NAAAP Toronto, and has now joined the Senior Advisory Board.
Through his wealth of experience in the financial industry, Daryl is a well-recognized expert in Canada on securitization and has extensive knowledge of the hedge fund industry. Daryl has given presentations at various conferences that include the recent asset backed commercial paper (ABCP) debacle, structured finance, the hedge fund industry and current distressed debt investment opportunities.
Daryl began his financial career at RBC Capital Markets, where he structured and executed multi-billion dollar credit card receivable, residential mortgage, and equipment and auto loan and lease transactions through the issuance of term asset backed securities (ABS) and short-term asset backed commercial paper (ABCP). Daryl later moved to Coventree, which was the largest non-bank ABCP issuer at $16 billion outstanding.
In response to the ABCP debacle which is now recognized as Canada’s largest financial crisis, Daryl launched his own consulting firm to fill the void and educate investors on these complex products. Clarity Financial Strategy provided insights on the $32 billion, 18-month long restructure that was recently completed which involved numerous counterparties and escalated to the Supreme Court of Canada. Clarity’s clients included several corporate noteholders of ABCP, as well as Canaccord, who hired Clarity to provide consulting to 1,400 retail clients. During the restructure process, Daryl ran a blog that was updated four times a week, was quoted in numerous media sources such at the Financial Times, the Globe and Mail, the Financial Post, Reuters news wire reports and Risk Magazine and made about 20 appearances on BNN.
After the restructure completed, Daryl joined Clubb Finance, a small private auto finance company that provides floorplan loans to dealerships to finance their used auto inventory. Daryl revamped the company's underwriting and credit guidelines and successfully closed a $25MM private securitization deal, a mission critical funding facility for the company.
Daryl is currently the President of Ubequity Specialty Finance Corp., where he is responsible for spearheading an initiative to provide financing to small to mid size businesses through securitization and other asset based strategies.
Daryl has an Honours Economics degree from the University of Western Ontario and is a CFA charterholder.