Scott Wood

Scott Wood is the President and Chief Executive Officer of Fairstone Bank of Canada. He is responsible for setting the strategic direction, driving sustainable growth, overseeing financial and operational performance and fostering a customer-focused culture to ensure the company’s long-term success.

Scott is a seasoned executive with extensive experience in financial services and a proven track record in operational excellence. He spent 25 years in leadership roles at Citigroup, beginning his career in 1991 in a management development program and rising through increasingly senior roles across Citigroup’s U.S. operations. In 2001, Scott was promoted to Managing Director of CitiFinancial Canada, where he played a pivotal role in integrating a major Canadian consumer finance acquisition. Named President of CitiFinancial Canada in 2005, he led the company through significant growth and successfully navigated the global financial crisis. In 2015, as President and CEO, Scott spearheaded the business’s separation from its U.S. counterpart, OneMain Financial.

In 2017, Scott played a key role in the sale of the company to a private equity consortium, overseeing a complex carve-out that established Fairstone Financial Inc. He led the design and execution of a progressive value creation plan that generated substantial shareholder value. Later, Scott managed a dual-track monetization process, resulting in Fairstone’s acquisition by Fairstone Bank of Canada (formerly Duo Bank of Canada). He then spearheaded the company’s long-term growth strategy, achieving consistent revenue and earnings growth, completing strategic acquisitions and implementing technologies to enhance scale and efficiency. In 2024, Scott was instrumental in the strategic merger between Home Trust Company and Fairstone Bank of Canada, creating Canada’s leading alternative bank.

As a strong advocate of corporate community engagement, Scott champions Fairstone’s involvement in events and initiatives that promote financial literacy and support local communities across Canada, including partnerships with JA Canada and United Way.

Scott also serves as a member of the Board of Directors of Fairstone Bank and was previously Chairman of the Association of Canadian Financial Companies.