Executive Team

Wayne R. Ehgoetz
President & CEO
Wayne Ehgoetz is the President and Chief Executive Officer of Waygar Capital Inc.  He has spent over 25 years in asset-based lending in Canada.  From 1988 to 1992, Wayne led Stanchart Business Credit, the first asset-based lender in Canada.  Stanchart was acquired by ABN Amro Bank and he continued to run the organization until leaving to start Congress Financial in 1992.  During the next 15 years, Congress became the largest asset-based lender in Canada.  In subsequent years, Congress Financial rebranded to Wachovia.  As President and CEO of Wachovia Canada, Wayne had full responsibility for both the Canadian as well as International operations.  He retired from Wachovia and was recruited by Bank of Nova Scotia to start its asset-based lending capability.  Over the next 6 years, as Managing Director and Group Head, Scotiabank became the second largest asset-based lending group in Canada.  Wayne retired from Scotiabank in the fall of 2014 to join Waygar Capital Inc. He has served on a number of public and private boards including past Chairman of the Toronto Community Care Access Centers as well as President of Canadian Commercial Finance Association.  Wayne has a Bachelors of Arts (Economics) from the University of Western Ontario (1982) and a Bachelor of Commerce from the University of Windsor (1984).
Terrence G. Kruk
Senior Vice President
Terrence (Terry) Kruk is a Senior Vice President of Waygar Capital Inc.  He has spent the last 20 years in asset-based lending including business development, underwriting, field examinations, and portfolio management.  Prior to his involvement in lending, he was an Audit Supervisor (Coopers & Lybrand), Internal Auditor – Head Office (Alcan Canada), Controller (Blake, Cassels and Graydon LLP) and Controller (Tilden Car Rent).  Terry was a key senior member in a number of asset-based lending start-ups by GE, Congress Financial and Scotiabank and held progressively senior positions.  He joined Waygar Capital Inc. in the spring of 2015 and has full responsibility for Operations, Administration and Loan protocols.  Terry has a Bachelor of Commerce from Concordia University (1976).
M. Bobby Anand
Senior Vice President
M. Bobby Anand is a Senior Vice President at Waygar Capital Inc. Bobby has spent the last 23 years establishing an accomplished skill set in all aspects of asset-based lending and private debt including due diligence, underwriting, portfolio management, and new business origination. Previously, Bobby held progressively senior positions both domestically as well as internationally at BNY Mellon, Wells Fargo (previously Wachovia Bank), Bank of America (UK) and Bridging Finance Inc. Bobby has a sincere passion for providing innovative finance solutions for mid-market companies in order for them to achieve their business objectives. He currently sits on the board of the Association of Corporate Growth Toronto as Membership Chairperson. Bobby has an Honours Bachelor of Commerce, is a Chartered Professional Accountant as well as a Chartered Financial Analyst.
Geoffrey J. Hiscock
Senior Vice President
Geoffrey Hiscock is a Senior Vice President at Waygar Capital Inc. Geoff has spent the last 22 years establishing a skill set in all aspects of asset-based lending and commercial real estate lending including operations, portfolio/relationship management, underwriting, and new business origination. Previously, Geoff held progressively senior positions, supporting multi-national transactions across a wide spectrum of industries at Wells Fargo (previously Congress Financial/Wachovia Bank), CIBC (previously CIT Business Credit), PNC Bank and Business Development Bank of Canada (BDC). Geoff is devoted to assisting mid-market companies to achieve their ideal debt structure by way of developing and providing creative and innovative financing solutions. Geoff is passionate about delivering a superior level of service for customers and influencers throughout the life cycle of a transaction. Geoff is currently a member of the Membership Committee for the Association of Corporate Growth, Toronto. Geoff has a Bachelor of Arts (Economics) and a Bachelor of Life Science (Life Sciences) from Queen’ University.
David C. Hammond
Senior Vice President
David Hammond is a Senior Vice President at Waygar Capital Inc. He has spent over 20 years in asset-based lending in Canada. After graduating university, David joined Coopers & Lybrand in their audit practice. After becoming an Audit Senior, he then joined the Canada Revenue Agency as an auditor in the professional audit division. In 1995, David entered the relatively new asset-based lending industry and has held progressively senior positions with ABN AMRO Bank (now TD Asset Finance), Congress Financial Corporation, GE Capital Business Credit Inc., CIT Business Credit Inc. (now CIBC Asset Based Lending) and GMAC. Over his career, David has been responsible for overseeing portfolios in excess of $2 billion located in Canada, USA as well as Panama. In addition, he has supervised the writing of a Master Copy of a Credit Policies and Procedures Manual for a Tier II Bank as well as successfully audited, originated and administered sophisticated loan transactions in both asset-based lending and commercial real estate David’s career in the ABL industry has been that of a builder and senior team member. David graduated from Jacksonville State University in 1988 with a specialty in Accounting and Finance.

Advisory Board Members

General (Ret.) Rick Hillier General (Ret.) Hillier is the former Chief of Defence Staff of the Canadian Forces.  He was posted to his first regiment, the 8th Canadian Hussars (Princess Lousie’s) in Petawa, Ontario, and subsequently to the Royal Canadian Dragoons in Lahr, Germany.  He has also served as a staff officer at Force Mobile Command Headquarters at CFB St. Hubert in Montreal, and at the National Defence Headquarters in Ottawa.  He was named Chief of the Land Staff, commanding the Canadian Army on May 30, 2003.  After serving as Chief of the Land Staff and before being appointed Chief of Defence Staff, he commanded the NATO ISAF in Afghanistan from February 9th to August 12th, 2004.  On February 4th, 2005, General Hillier became Chief of Defence Staff.  He retired as Chief of Defence Staff on July 1st, 2008.
Craig S. Millar Craig Millar is a senior business executive with over 30 years line and staff experience in Financial Services.  Prior to founding Extant Group Inc., a consulting company, he was Group Vice President, Personal Financial Services for Canada’s second largest trust company – National Trust.  At National Trust, he was responsible for all aspects of retail banking, small and medium business lending, mutual funds as well as personal trust services.  Extant Group Inc. has executed numerous consulting initiatives for a variety of Canadian as well as international financial institutions including ING Banks USA, MasterCard Canada, GE Money, Canadian Tire Bank, Manulife Financial, Canada Life, Home Trust, MBNA, Capital One, Walmart Canada Bank, President’s Choice and American Express Bank Canada.  In addition Extant has also consulted to government agencies in the United Kingdom and the Republic of Ireland. Craig is also a former Logistics Officer in the Canadian Armed Forces, serving 9 years in the Active Reserve and 27 years in the Strategic Ready Reserve.  He was awarded the Queen Elizabeth II Diamond Jubilee Medal in 2012 for services to the Canadian military in Quebec and across Canada.
Stewart Somers Stewart Somers has 45 years of experience in corporate advisory services.  In 1976 he started his own consulting practice S.D. Somers & Associates which provided strategic planning and turnaround services to debtor corporations, both private and public (TSX/NASDAQ), facing significant challenges.  Commencing in 2000, Stewart was associated with insolvency consulting firm Spergel, for which he established and led its mid-market services to asset-based lenders and Canadian banks dealing with a problem and distressed loans.  Over his career, he has developed and led interactive workshops for Canadian Lenders as well as presenting papers on a variety of insolvency matters. Stewart has also authored and lectured across Canada and the Caribbean on subject matters under the CICA Professional Development Program geared to its members in the industry.  Semi-retired since 2013, he continues to provide, on a limited basis, his expertise to lenders and corporations on insolvency and realization solutions.  He is and has been a director of numerous private and public corporations.  Stewart obtained a Bachelor of Arts (Economics) from the University of Toronto and earned his accountancy designed with Coopers & Lybrand in 1969.  He is a Life Member (2012) of the Ontario Institute of Chartered Accountants.