TORONTO, May 18, 2017
TORONTO, May 18, 2017 /CNW/ - Home Capital Group Inc. ("The Company" TSX: HCG) announced that James Lisson has been appointed to the Board of Directors, bringing extensive experience in financial services law, operational issues, governance, stakeholder relations, and risk and reputation management. The Company also announced that John Marsh is stepping down from the Board of Directors.
Mr. Lisson has 39 years of experience in legal, board, executive and advisory roles, having worked most of his career in senior roles at two of Canada's leading law firms. He spent 25 years at Osler, Hoskin & Harcourt in Toronto, where he was a partner and vice chair of the financial services group. Subsequent to that, he spent nine years primarily in London, England as a partner and counsel at Fasken Martineau DuMoulin LLP. In these roles, he provided strategic, governance and risk advice to Canadian, United Kingdom and other global clients, and advised extensively on financial services regulatory, capital and corporate governance issues.
Subsequent to those legal roles, he worked two years with the Canadian Department of Justice as a consultant and senior advisor on commercial law.
Earlier in his career, Mr. Lisson also spent seven years as a director, Chair and Executive Chair of Cadillac Fairview Inc., a large commercial real estate corporation, where he provided leadership during a significant financial restructuring.
"Jim Lisson is yet another excellent addition to the Home Capital Board of Directors as we move ahead with our governance renewal," said Brenda Eprile, Chair of the Board of Home Capital. "He brings deep expertise in areas that are vital to our future success, and we look forward to his counsel."
Ms. Eprile added: "We also thank John Marsh, one of the original investors in the Company, for his long service and support in building Home into one of Canada's largest independent financial institutions."
James Lisson Biography
James Lisson is an accomplished professional with 39 years of legal, board, executive and advisory experience.
He spent 34 years in Canada and England with two of Canada's leading law firms, Osler, Hoskin and Harcourt and then Fasken Martineau DuMoulin LLP. He also served seven years as a director, Chairman and then Executive Chairman of Cadillac Fairview Inc., including overseeing a financial restructuring.
Mr. Lisson is a member of the Law Society of Upper Canada and the Law Society of England and Wales. He is Past Chair of the National and Ontario Business Law Sections of the Canadian Bar Association. He also holds an ICD.D designation from the Institute of Corporate Directors. Among his other roles, he serves as a member of the NAFTA Financial Services Dispute Resolution Panel.
Mr. Lisson holds a Master of Laws from Yale University, a Bachelor of Laws from Dalhousie University and a Bachelor of Commerce from McGill University.
Caution Regarding Forward-looking Statements
This press release contains forward-looking information within the meaning of applicable Canadian securities legislation. Please refer to the 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.
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