As the founder of the Young Professionals Association of Canada (YPAC) and president for five years, Daryl Ching is well positioned to hit the ground running in his role as Vice President of Operations at NAAAP Toronto. Along with seven other individuals, Daryl launched YPAC in July 2003 securing $30,000 in sponsorships from RBC and Ogilvy Renault. YPAC was focused on the professional development of young professionals through networking, education and community involvement. Daryl expects to leverage his contacts and his management experience to grow NAAAP Toronto.
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.
Daryl Ching is currently the VP Compliance for Clubb Finance, an auto finance company that provides floorplan loans to dealerships to finance their auto inventory. Daryl is responsible for revamping the company’s compliance guidelines and procedures and formulating their debt funding strategy.
As the founder of the Young Professionals Association of Canada (YPAC) and president for five years, Daryl Ching is well positioned to hit the ground running in his role as Vice President of Operations at NAAAP Toronto. Along with seven other individuals, Daryl launched YPAC in July 2003 securing $30,000 in sponsorships from RBC and Ogilvy Renault. YPAC was focused on the professional development of young professionals through networking, education and community involvement. Daryl expects to leverage his contacts and his management experience to grow NAAAP Toronto.
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.
Daryl Ching is currently the VP Compliance for Clubb Finance, an auto finance company that provides floorplan loans to dealerships to finance their auto inventory. Daryl is responsible for revamping the company’s compliance guidelines and procedures and formulating their debt funding strategy.