DLCG announces management changes

Executive makes step up to sole president role

DLCG announces management changes

Mortgage broker network giant Dominion Lending Centres (DLCG) has announced a series of top management changes, with Eddy Cocciollo assuming sole presidency of the company after a stint as co-president.

James Bell, the company’s other co-president and general counsel for the corporation, will take on the role of executive vice president, corporate and chief legal officer, with the news announced this morning.

DLCG chief executive officer and chairman Gary Mauris said in a statement that the appointment of a sole president was a move aimed at strengthening the company’s leadership structure, and reiterated that he and vice-chairman Chris Kayat remained “100% committed” to the corporation.

“Having a single president for the DLCG Group is important both internally and externally as it provides clarity as to our leadership and decision-making structure,” Mauris said. “James was a leading proponent of this change as he – like me – believes Eddy is the right person for the job and he felt this was an important final step away from the legacy business that was Founders Advantage.”

DLCG also announced a shift in the corporation's operational strategy, indicating its intention to collaborate and integrate further with its brokerage franchise brands and technology.

While its three brands – DLC, Mortgage Centre Canada (MCC) and Mortgage Architects (MA) – will remain in place, Mauris said the company would integrate operations to provide “an industry-leading mortgage brokerage experience by enhancing synergies and operational efficiencies.”

Lee departs COO role

DLCG’s chief operating officer Dong Lee will depart in February 2024, the company announced, for Axiom Innovations. He had joined Mortgage Architects in 2005 and served as COO since 2019. Meanwhile, Dave Teixeira will step into the role of executive vice president, DLCG Operations, having previously served as executive vice president, business development and public affairs.

Mauris paid tribute to Lee’s “wealth of knowledge” and put on record the company’s “sincere thanks” to his contributions over the years, wishing him success in the new position at Axiom.

Teixeira, meanwhile, was described by the chairman as a “valuable member of our management team who works closely with our many third-party partners.” His new role, according to the release, “better reflects the various operational functions he performs for DLCG.”