Cliffside Capital Ltd. announced the appointment of Fern Glowinsky as Chief Executive Officer effective September 6, 2016. Ms. Glowinsky will replace Mr. Mark Newman, whose resignation was planned to follow Cliffside's Qualifying Transaction, which was completed on July 4, 2016. Ms. Glowinsky will also join the Board of Directors of company.

Ms. Glowinsky is a seasoned fintech executive, having spent the last 15 years at Moneris Solutions Corporation, most recently as COO. In her role, Ms. Glowinsky will lead the formation of strategic partnerships with third parties who have specialized expertise and a proven track record in originating and servicing loans and similar types of financial assets. Cliffside's strategy is to generate revenue as a passive investor, affording its shareholders an opportunity to invest in the growing alternative lending sector with the potential for attractive dividend yields and minimal operational risk while earning a reliable total return.