Steven Ranson is the President and CEO of HomeEquity Bank, a federally regulated, Schedule 1 Canadian bank and the only national provider of the CHIP Reverse Mortgage®solution. Appointed President in 1998 and CEO in 2001, Mr. Ranson has led HomeEquity Bank through the public offering of Home Equity Income Trust in 2002 and the subsequent creation of HomeEquity Bank in October 2009.
Under Mr. Ranson’s leadership, HomeEquity Bank has substantially expanded and has been named to the Growth 500’s fastest-growing companies from 2016 through to 2020 and named to the Globe and Mail’s Top Growing Company list in 2021. In his role, Mr. Ranson is responsible for setting the strategic direction for the Bank and has continued to grow the business by creating sustainable, long-term value and delivering performance consistent with the interests of its clients, the general public, employees and owners.
As the only Canadian bank that deals exclusively with Canadians aged 55+, Mr. Ranson is frequently asked to speak about topics related to aging in place, financial planning, proactive home equity release, the real estate market, and mortgage trends.
Mr. Ranson holds a Bachelor of Commerce from the University of Toronto and a Masters, Business Administration from York University. He is a Chartered Professional Accountant who was recently named a Fellow of CPA Ontario.
As a community leader, and an avid cyclist and skier, Mr. Ranson has served as Alpine Ontario’s Director and Treasurer. Mr. Ranson is also on the board of the YMCA of Greater Toronto and recently co-authored a book called Home Run: The Reverse Mortgage Advantage.