Scott Tannas

Scott Tannas (born February 25, 1962) was the President/CEO^[1][2] and founder of Western Financial Group^[3] (formerly Hi-Alta Capital Inc.), an insurance brokerage, life insurance and banking company headquartered in High River, Alberta, Canada.^[4] Western Financial Group has 1300+ employees providing more than 550,000 customers with insurance, banking and investment products and services.

Early life and education

Tannas was born in High River, Alberta, Canada in February 25, 1962, the son of Donald Tannas, (a school teacher/principal, Member of the Legislative Assemblies and Deputy Speaker of Alta Legislature)^[5] and Christine Tannas (a nurse).

Tannas has spent the majority of his life in High River, except for a 2-year period, where his parents served with the Canadian International Development Agency in Uganda. While in Uganda, the regime of Idi Amin gained control of the country and the Tannas family returned to Canada.

Tannas attended and graduated from École Senator Riley School in 1979. While not the best student, Tannas was a hard worker at several part-time jobs, including working at a local hardware store, and as a disc jockey on local radio. Tannas also worked the local dance club scene as a DJ and was known for his sound system and light show. At the age of 26, Tannas got a job in the tourism industry working at the Banff Springs Hotel.^[6]

Tannas attended both Mount Royal College (now called Mount Royal University), and the University of Calgary. While attending university, Tannas met Taryn McCormick, the daughter of Michael James, Sr and Gweneth Helen McCormick, whose family started the Riley & McCormick Western Wear family in 1901.^[7]

Businesses and career

After leaving college, Tannas stayed in the Calgary and Banff area. He established a goal to start and manage his own company. Tannas began to work in the tourism industry and do side jobs to build up capital. Tannas had accumulated enough capital to move back to his hometown of High River and purchased Hi-Alta Agencies, a well known, established insurance firm in town, which had been operating since 1905.

In May 1996, Hi-Alta changed its name to Western Financial Group to allow for expansion outside of Alberta.^[8][9] In 2001, Western Financial Group's insurance division, WFG Agency Network Inc. became the largest insurance broker network in western Canada.

In January 2003, Tannas, along with the board of directors at Western Financial Group, created their own bank: Bank West, which took in over $1 million in deposits in its first day of business.^[10][11]

Charity and awards

Tannas is actively involved in his community, starting The Western Communities Foundation,^[12] a non-profit organization created to support the communities in which Western Financial Group operates in 2001. He is also a board member of SOS Children's Villages - Canada.^[13]

In 2003, Scott Tannas was awarded Ernst and Young's Prairies Entrepreneur of the Year for Professional/Financial Services.^[14]

Political career

Tannas' father, Don Tannas was a Member of the Legislative Assembly of Alberta and Deputy Speaker of Alberta Legislature. He ventured into politics himself in 1993, as campaign manager for Ken Hughes who at the time was the Progressive Conservative MP for Macleod in the Canadian House of Commons.^[15] Tannas was a candidate for the Alberta's Progressive Conservative Party in the 2012 Alberta Senator-in-waiting elections,^[16] and was elected as second out of three Senator-in-waiting positions receiving 349,396 votes. He was appointed to the Senate following the retirement of Senator Bert Brown on March 22, 2013.

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