Axis Auto Finance Inc. announced the appointment of Ian Anderson, President of Westlake Financial, to the Board of Directors. NowLake has invested CAD 15 million into Axis' common shares in November 2021 and owns approximately 24% of the Company. Investment proceeds are being used to develop and roll out digital loan origination channels as well as general corporate purposes.

Ian Anderson joined Westlake in 2005 as Director of Risk Management and was appointed Group President in 2008. His primary focus is the development and execution of business strategy for Westlake Financial and its six subsidiaries with emphasis on improving shareholder value and promoting the use of technology. Under his stewardship, Westlake's portfolio grew from $400 million in 2008 to over $15 billion currently, while maintaining above a 30% Return on Equity.

Prior to joining Westlake, Mr. Anderson held positions at Bayview Acceptance, Wells Fargo and Triad Financial. He holds a bachelor's degree in Economics from the University of California and is a recipient of multiple industry awards.