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The Meeting Escrow story

 

Meeting Escrow was founded in 2015 by industry veteran, Grant Snider, to provide a risk-management solution for deposits paid in advance by meeting planners to hotels and other vendors for future bookings and services. 

Planners were asking, "Why should we pay so much money up front to our vendors? What if something happens before the program starts?"

 

Vendors were asking, "Why should we wait so long for final payment when we've successfully delivered the services? We're not a bank!"

Meeting Escrow has the solution and has evolved into a multi-currency, secure payment and...

Why Meeting Escrow?

 

We believe in the power of face-to-face meetings to transform organisations, individuals and communities. Globally, the Meetings Industry represents over USD $600B in direct economic spending and millions of well-paying jobs. 

By securing and simplifying the millions of payments made by organisations globally for their meetings and events, we help accomplish 2 key objectives:
 

  1. We eliminate the friction and reduce the costs associated with tracking, managing and executing supplier payments;
     

  2. We ensure that no job is lost, no career is damaged and no organisation's event objectives are jeopardised by financial risks.

Meeting Escrow is a supporter of Meetings Mean Business Canada and endorses the efforts of Meetings Mean Business in the USA, the Joint Meetings Industry Council, and The Iceberg legacy initiative

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How does it work?

 

Clients pay an annual fee to Meeting Escrow based their volume of transactions. Meeting Escrow acts as trustee of the organisation's funds. 

 

Accrued meeting/convention/incentive/event budgets are transferred to Meeting Escrow In Trust and held securely until payment is due to vendors.

 

Every client, every program and every vendor escrow contract has a separate bank trust account to ensure 100% security and 100% transparency.

Meeting Escrow pays for all incoming and outgoing wire transfer costs.

Meeting Escrow makes all vendor payments - there is no cost (and no merchant fees applicable) to accept payment via Meeting Escrow.

Read more about our secure payment services...

Why do clients trust Meeting Escrow?

 

Meeting Escrow was built on trust and transparency.

 

These two values infuse every component of our organisation and serve as a foundation for how we deliver our services.

 

Here are 5 key reasons why clients trust Meeting Escrow.

 

 

#1 Insurance Coverage - $12 million

#2 Trust Accounts with Canadian Banks - the most secure in the world

We use Canadian banks and their affiliates for all client trust accounts. Read more about why the World Economic Forum continues to rate Canada as one of the most secure banking systems globally.

#3 100% separation of Meeting Escrow corporate & client trust funds

Meeting Escrow's corporate accounts are with the Royal Bank of Canada, the country's largest bank.

Client funds are held in trust with BMO Bank of Montreal and TD Canada Trust, two of the top-five banks in Canada. Trust account statements are sent to clients monthly and are available for audit at any time.

#4 Security & Due Diligence Controls

Mandatory background checks (provided by MKD International) for Meeting Escrow employees.

Finance industry best practices for KYC (Know Your Client), KYCC (Know Your Client's Client) as well as KYS (Know Your Supplier) due diligence.

#5 Meetings Industry-Focused Legal Counsel

We called on meetings and conventions industry-specialist law firm Howe & Hutton, Ltd. to prepare our client / vendor escrow agreement. 

 

Canadian firm Minden Gross, LLP also worked with us to finalise the agreement. 

Meeting Escrow Presentation

 

Download our company overview presentation

Meet The Team

 
 

Grant Snider, DMCP

President & CEO

Grant founded Meeting Escrow in 2015 following a successful career in hotel sales and marketing and Destination Management company ownership

 

He launched the company to give Meeting Professionals a simpler, more secure way to pay vendors globally in multiple currencies and to protect advance deposits using a customized escrow process.

 

Grant has held numerous volunteer roles within the events and meetings industry over the past 25 years and was inducted into the Meetings & Incentive Travel Hall of Fame for the Industry Innovator category. He was the 2017 Chair of Meetings Mean Business Canada.

He is a member of AMCI (Association Management Company Institute), ADMEI (Association of Destination Management Executives International), ICCA (International Convention & Congress Association) and SITE (Society for Incentive Travel Excellence).

Grant is based in Paris, France.

CONTACT

Mark Herron, B.Com, CPA, CA

Chief Financial Officer

Mark joined Meeting Escrow as CFO in 2016.

Over the past 25 years, he has held a variety of senior executive roles in finance, risk management and operations within both the public and private sectors, including 10 years overseeing a $30M operating budget at Tourism Toronto.

Throughout his career, Mark has built a reputation as a trusted leader and advisor with sound judgment and foresight. 

 

He currently also serves as acting CFO of Sante Veritas Therapeutics Inc., a Canadian health industry start-up.

 

Mark is based in Toronto, Canada.

CONTACT

Liz Holtby

Vice President, Operations

Liz joined Meeting Escrow as Vice President, Operations, in 2018.

 

She has held a variety of operations-related positions in the marketing and MICE (Meetings, Incentives, Conferences and Events) industries over the course of her career.

 

Liz helps cultivate the next generation of Business Events Industry leaders through her teaching positions at Durham and Centennial Colleges and is a member of their Program Advisory Committees.  

 

She is a graduate of Ryerson University’s Bachelor of Applied Arts, is TICO (Travel Industry Council of Ontario) certified and is a member of SITE (Society for Incentive Travel Excellence).

 

Liz is based in Toronto, Canada.

 

CONTACT

Cynthia Connelly

Vice President, Sales & Marketing

Cynthia joined Meeting Escrow in January 2019 as Vice President, Sales & Marketing following a lengthy career with Accor/Fairmont Hotels as a highly successful Global Sales Director and most recently as Executive Director, Hotel Openings & Integration.

 

Her leadership excellence and tenacity were crucial to the successful completion of complex, international projects such as the Savoy in London, The Plaza in New York, and the Peace Hotel in Shanghai and the Fairmont Austin opening in 2018.

 

In addition to her work with Meeting Escrow, Cynthia services other clients in the Business Events industry as Principal of Nexa Consulting, Inc.

 

She has completed Cornell University’s Project Leadership certification and received numerous accolades including the Fairmont Presidents Circle Top Sales Achievement, MPI Ottawa Prestige Award for Mentor of the Year and CSAE Ottawa Chapter Business Member of the Year Award.

 

Cynthia is based in Toronto, Canada.

 

CONTACT

 

Accounting & Banking Trust Services

Norman has been providing a variety of financial services to Meeting Escrow since 2016.  He plays a key role in the preparation of wire transfers and the management of our extensive trust account portfolio on behalf of our clients.

He is recognized for his strategic tax and business operations expertise. His industry experience includes unions, professional services, retail and manufacturing.  He has been associated with respected accounting firm Applebaum-Commisso for over 15 years.

Norman is based in Toronto, Canada.

CONTACT

Aoife McCrum

Social Media & Digital Marketing Manager

Aoife McCrum has been the Social Media & Digital Marketing Manager for Meeting Escrow since 2016.
 

Aoife helped to launch Meetings+Millennials - a networking initiative for millennials in the Meetings & Events Industry. 

She is also the Director of Social Media & Digital Marketing at the Society for Incentive Travel Excellence (SITE), manages communications for Meetings Mean Business Canada (MMB Canada)and is the Manager, Social Media & Digital Marketing for SoolNua agency.

 

Aoife is based in Dublin, Ireland.

CONTACT

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