TORONTO, Oct. 3, 2017 /CNW/ - Home Capital Group Inc.
("Home Capital" or "the Company") (TSX: HCG) announced today that
Edward Karthaus will be joining Home
Capital as Executive Vice President, Residential Lending Sales on
October 10th. The Company
also announced Pino Decina,
Executive Vice President, Residential Lending, and Chris Whyte, Executive Vice President &
Chief Operating Officer, have departed from their roles at the
organization.
The Company does not intend to fill the Chief Operating Officer
position. Home Capital, in keeping with its focus on improving its
technology and being a leader in that aspect of the mortgage
industry, is creating a Chief Information Officer role and has
commenced a search for the right candidate.
Mr. Karthaus, who brings extensive financial services and
technology experience to this role, will have responsibility for
developing and executing on Home Capital's residential lending
sales strategy.
"Ed Karthaus has more than 33
years of experience in the technology, financial services and
telecommunications industries, and we are excited that he has
decided to join Home Capital's leadership team to help drive our
growth as one of Canada's leading
alternative mortgage providers," said Yousry Bissada, President and Chief Executive
Officer of Home Capital.
"Pino Decina and Chris Whyte have been important members of the
senior leadership team, and have made significant contributions
during their tenure at Home. I wish them continued success in their
future endeavours," said Mr. Bissada.
Mr. Karthaus added: "I couldn't be more excited to get back into
the Canadian Mortgage Industry. Home Capital has been an
established industry leader for more than 30 years, and has carved
out a strong identity in the alternative lending space. I look
forward to being part of its growth as it continues to make the
dream of home ownership a reality for all deserving Canadians."
Edward Karthaus Biography
Ed Karthaus has more than 33
years of experience in the technology, financial services and
telecommunications industries. He was previously Executive Vice
President, Broker Services at D+H and Executive Vice President,
Sales, Marketing & Client Services at Filogix LP. During his
time with D+H and Filogix LP, Ed was a frequent speaker at mortgage
industry events across the country, and was inducted into the
Independent Mortgage Brokers Association of Ontario (IMBA) Hall of Fame, now called
Canadian Mortgage Brokers Association (Ontario). He has served on the Board of
Directors of the Independent Mortgage Brokers Association of
Ontario (IMBA) and the Research,
Innovation and Commercialization Centre (RIC Centre). In
addition, Ed has held senior executive leadership roles at Prophix
Software Inc., NCR Canada Ltd. and Yappn Corp. Ed began his career
with Xerox Canada and Oracle Canada.
Caution Regarding Forward-looking Statements
This press release contains forward-looking information within the
meaning of applicable Canadian securities legislation. Please refer
to Home Capital's 2016 Annual Report, available on Home Capital's
website at www.homecapital.com, and on the Canadian Securities
Administrators' website at www.sedar.com, for Home Capital's
Caution Regarding Forward-looking Statements.
About Home Capital Group Inc.
Home Capital Group Inc. is a public company, traded on the Toronto
Stock Exchange (HCG), operating through its principal subsidiary,
Home Trust Company. Home Trust is a federally regulated trust
company offering residential and non-residential mortgage lending,
securitization of insured residential mortgage products, consumer
lending and credit card services. In addition, Home Trust offers
deposits via brokers and financial planners, and through its direct
to consumer deposit brand, Oaken Financial. Home Trust also
conducts business through its wholly owned subsidiary, Home Bank.
Licensed to conduct business across Canada, Home Trust has offices in Ontario, Alberta, British
Columbia, Nova Scotia,
Quebec and Manitoba.
SOURCE Home Capital Group Inc.
