66 Wellington St W, Suite 5300, TD Bank Twr, Toronto, ON
Year called to bar: 2000 (ON)
Michael McConnell is a partner in our Business Law Group in Toronto. His practice focuses on asset securitization, structured finance and securities law. With respect to asset securitization, Michael has significant experience with several asset classes, including commercial and residential mortgages, credit cards, automobile/equipment loans, automobile operating leases, home-equity lines of credit and trade receivables. He has acted as counsel for issuers and underwriters on numerous significant securitizations, including several of the largest Canadian public securitizations completed to date, several U.S. cross-border offerings and on several private commercial paper conduits.
Scotiabank completed the acquisition of a 20 per cent equity interest in the financial services business of Canadian Tire Corporation, Limited for $500 million in cash. As part of the new business partnership, Scotiabank has agreed to provide a funding commitment to the financial services business of up to $2.25 billion and the parties have entered into a marketing program agreement to pursue joint marketing initiatives.
