Cashfac have today announced the appointment of Sherri Munro as Senior Vice President, Wealth Management, amid increased demand for their escrow, trust account and wider virtual account solutions across North America. Cashfac’s Virtual Bank Technology (VBT) provides cash management platforms for wealth and asset managers with real time accounting, payment and collection processing and continuous control in high transaction environments.
Based in Toronto, Sherri brings over 20 years’ experience in the banking industry working with Schedule I Canadian banks. Sherri holds a deep understanding of commercial and private banking, having built extensive relationships with corporate and commercial clients, as well as high net-worth individuals and families. As Cashfac’ s Senior Vice President Wealth Management, Sherri will be working with existing and prospective clients to ensure they maximise the value of the Cashfac partnership.
Richard Cummings, CEO of Cashfac, said: “We are delighted to welcome Sherri into this significant role during these exciting times for Cashfac. Despite the disruption and uncertainty in the market due to the pandemic, Cashfac’s operating model continues to deliver for our customers and allow for our continued expansion across the United States and Canada. Sherri’s extensive experience, knowledge and ability to develop relationships will be of great value in helping us develop the business and build upon recent successes in North America”.
Sherri added: “As a former customer of Cashfac’s, I have watched the company grow and evolve into the impressive industry leader that it is. I have a strong understanding of not only what they do, but how they do it. One of the many reasons I am excited about joining this team is the alignment of Cashfac’s commitment to delivery and customer service with my own core business ethics.”
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