Wekerle Appointed CEO Of Difference Capital

Difference Capital Funding Inc. recently named Michael Wekerle as Chief Executive Officer, as they look to grow and further position themselves as a technology-oriented merchant bank. ¬†¬†Michael has extensive investment banking experience. He is co-founder of Difference Capital Inc. which created Difference Capital Funding last month through the purchase of a 49.9 per cent stake in TriNorth Capital Inc. TriNorth’s name has subsequently been changed to Difference Capital Funding. Prior to setting up Difference Capital in 2011, Mr. Wekerle was vice-chairman of institutional trading at GMP Securities. Difference Capital Funding secured $21.5 million in funding last week through the initial tranche of a non-brokered private placement. It expects to finalize a secondary financing prior to June 8. Separately, John Albright has been appointed a Director of Difference Capital Funding. Mr. Albright is Co-Founder and managing partner of Relay Ventures, an early-stage venture fund focussed on mobile software. He is also a director of several technology companies, and of the Canadian Venture Capital and Private Equity Association (CVCA).