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Our senior management team boasts decades of experience in various facets of the real estate industry, including real estate development and mortgage financing. Their collective expertise, coupled with a blend of visionary thinking and disciplined execution, is instrumental in ensuring the effective implementation of the EquityLine REIT business model, aimed at delivering anticipated returns to investors. Furthermore, our management team is complemented by an advisory board characterized by a wealth of knowledge and diverse professional backgrounds, serving as a valuable asset to our leadership group.

Leadership Team

Senior Management


Sergiy Shchavyelyev

Chief Executive Officer

Sergiy Shchavyelyev currently serves as the CEO and Founder of the EquityLine Group of Companies, overseeing entities such as EquityLine Mortgage Investment Corp. (EquityLine MIC), EquityLine Financial, EquityLine Services Corp., EquityLine Diversity Limited Partnership, EquityLine Real Estate Limited Partnership (REIT), EquityLine New York Limited Partnership and EquityLine New York Service Corp. With extensive expertise in the real estate sector, Sergiy is a seasoned leader specializing in lending, development, and mortgage origination. His portfolio includes successfully executing multi-million-dollar transactions and subsequent redevelopment. Alongside the EquityLine Group of Companies, Sergiy holds partial ownership in a family-operated real estate enterprise, focusing on diverse projects ranging from residential and commercial developments to custom-built dwellings, apartment complexes, and large-scale commercial real estate ventures. Sergiy’s cumulative involvement in real estate transactions surpasses a billion dollars. His academic qualifications include a Financial Accounting certificate from Harvard Business School and a Master of Law Degree from Mechnikov National University. Actively engaged in professional associations, Sergiy is a member of esteemed organizations such as PCMA Canada (Private Capital Markets Association of Canada), ONMICA (Ontario Mortgage Investment Companies Association), and co-founder and member of CAMLA (Canadian Alternative Mortgage Lender Association).

Mark Korol

Mark Korol, CFA, CPA

Chief Financial Officer

Mark Korol has 20+ years of CFO experience across diverse industries, including 8 years in public companies like Zenon Environmental and CDI Education Corp. He was recently CFO at Char Technologies and previously at the Arturos Group, an international hospitality business. Mark is a CFA, CPA, CFE, and ABV with an ICD.D designation, showcasing his extensive financial expertise and leadership skills.

William Wecherkiwsky

William Wecherkiwsky, MBA, CPA, LLM

Chief Compliance Officer

With a distinguished career spanning more than 25 years in the financial services sector, William Wecherkiwsky has consistently served in key leadership positions, primarily as Chief Compliance Officer and/or Chief Financial Officer. Possessing an in-depth understanding of regulatory frameworks, William is well-versed in compliance with rules set forth by the OSC, SEC, and FINTRAC. Throughout his professional journey, William has successfully navigated complex regulatory landscapes in both Canada and the USA, holding pivotal CCO roles across diverse financial institutions, including Mutual Fund Companies, Hedge Funds, Commodities Futures, and Investment Banks. His notable contributions extend to renowned organizations such as Strategic Value Mutual Funds, CIBC Asset Management, Wellington West Capital Markets, and AIP Funds, among others. William’s academic qualifications include a B.Comm, MBA, CPA, and a Master of Laws (LLM) from Osgoode Hall Law School. His wealth of experience and multifaceted expertise positions him as a valuable asset in the financial services industry.

Mark Simone

Mark Simone

Chief Operating Officer

Mark is a seasoned executive with substantial C-Suite tenure across insurance, finance, and healthcare domains. His roles include President at Medipac International Insurance, Executive and Managing Director at the Canadian Snowbird Association, President of Ontario Health Clinics, and Vice President of Strategic Relations at Pinnacle Wealth Brokers—a prominent Exempt Market Dealer in Canada.

Philip Douglas

Philip Douglas


Philip joined the Equityline Group in 2023 bringing close to 20 years of experience in the Asset Management industry. A well-connected Private Wealth professional in Canada with deep relationships with financial advisors, branch managers, Home Offices, Family Offices and Portfolio Managers. He is a highly organized and process-oriented senior sales leader who is best known for consistently achieving goals through team collaboration. Focused on enhancing the client experience to create enduring relationships. Philip’s experience includes roles at Fidelity Investments one of of Canada’s Largest Mutual Fund Companies and Horizons ETFs a major US Alternative asset manager in the Canadian market. Philip holds professional accreditations, including Series 7 and CSC (Canadian Securities Course).

Byron Rastrullo

Byron Rastrullo

Vice President, Advisor Relations

In 2023, Byron joined the EquityLine Group with a specific focus on expanding the network encompassing Investment Advisors, Portfolio Managers, Family Offices, and Pension Funds. With over a decade of experience as a highly accomplished Investment Advisor in the Southern Ontario region, Byron brings extensive expertise to this role. Having exited a prosperous private Investment Advisory practice in 2022, Byron ventured into founding an independent consulting firm catering to small and mid-sized businesses. His achievements include successful partnerships with prominent global service-based entities, such as Axial Capital in London, UK. In this capacity, Byron cultivated C-Suite relationships with international business owners, providing comprehensive services encompassing capital raising, advisory, real estate financing, and facilitating public markets listings.


Mary Moncada

Chief Administrative Officer

Mary Moncada currently serves as the Chief Administrative Officer at Equityline Group, where she adeptly manages all administrative and accounting functions. Her responsibilities encompass the day-to-day oversight of Equityline Services Corp’s mortgage portfolio and accounting operations. Mary joined Equityline in 2020 bringing a wealth of 25 years of expertise in MICs (Mortgage Investment Corporations) and back-office operations. Her professional acumen in finance and mortgages is evidenced through her pivotal roles in steering mortgage-related accounting and financial operations. Her leadership and contributions have been instrumental in driving growth and success across diverse financial organizations.

Leadership Team

Advisory Board

Vijay Ramanathan

Vijay Ramanathan

Vijay co-founded RamSoft in 1994 and now serves as its CEO, overseeing its growth into a $20 million ARR global medical imaging SaaS company. He holds expertise in various fields, including SaaS, technology, information security, mobile applications, health information exchange, enterprise solutions, medical devices, and business management. In 2023, he received the Top 50 under 50 Indo-Canadians award for his contributions to the community.

Vish Ramkissoon

Vish Ramkissoon

With 20+ years of experience in Analytics, Data Management, Database Marketing, and Marketing Technology, Vish is renowned for delivering custom data-driven marketing tech solutions. His leadership extends to successful startups and a three-year chairmanship of the Direct Marketing Council at the Canadian Marketing Association.