Scott Fryer Joins Equitable Trust as Senior Manager Deposit Services

    TSX Symbol: ETC

    TORONTO, March 30 /CNW/ - Andrew Moor, President and Chief Executive
Officer, Equitable Trust, is pleased to announce the appointment of Scott
Fryer to the role of Senior Manager, Deposit Services effective immediately.
Scott will head the Deposit Services department following the retirement of
the current Vice President of Deposit Services, Bob McMillan in May 2007. Bob
has provided outstanding leadership over the past 17 years with Equitable
    Scott will be responsible for the development and growth of the national
agent network and the enhancement of deposit service products. He brings over
30 years of financial services expertise in banking and trust in the areas of
lending, credit, business development and sales management leadership. Scott
joins Equitable Trust from Maple Trust Company where he oversaw the day to day
operations of deposit services, cash flows and liquidity requirements, in
addition to the care of the national deposit broker network.

    About Equitable Group

    Equitable Group Inc. provides first mortgage financing through its
wholly-owned subsidiary, The Equitable Trust Company. It also offers
Guaranteed Investment Certificates to depositors as a nationally-licensed
deposit-taking institution. Equitable Trust was founded in 1970, and by
following a prudent, results-driven approach, Equitable has become a lead in
its primary niches: alternative single family dwelling as well as multi-unit
residential mortgage lending. The common shares of Equitable Group Inc. are
listed on the Toronto Stock Exchange under the trading symbol of "ETC." For
more information visit

For further information:
For further information: Andrew Moor, President and Chief Executive
Officer, (416) 515-7000

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