Echelon Financial Holdings Inc. announced that the company has appointed Mr. Murray Wallace and Mr. Brian Reeve to its Board of Directors, subject to regulatory approval. Mr. Wallace is the Executive Chairman of Financial Horizons Group. He is currently a director of the Canada Pension Plan Investment Board and Axia NetMedia Corporation.

He is a former director of Western Surety Ltd., Ontario Hydro, London Insurance Group, IPSCO Inc., Crown Life Insurance Co. and Queen's University School of Business, among others. Mr. Wallace's other qualifications include being a Fellow of the Institute of Chartered Professional Accountants of Ontario and previous executive experience with Granite Global Solutions, Avco Financial Services Canada Ltd. and companies in the Trilon Financial Group, including Wellington Insurance where he was the CEO.

He has extensive experience in the financial services industry and both public and private company management. Mr. Reeve is a Partner and Chair of the Corporate and Regulatory Insurance Group of Cassels Brock & Blackwell LLP. He has extensive experience in the regulation of insurance companies and was previously a member of the Legal Advisory Committee to the Ontario Superintendent of Financial Services and an adviser to the Ontario Ministry of Financial Institutions regarding the redrafting of the Insurance Act.

Mr. Reeve is the Chief Agent in Canada for several foreign insurance companies and holds an MBA in addition to his law degree.