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Home Capital Group Inc.

Exchange: TSX Exchange | Oct 24, 2017, 1:55 AM EDT

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Home Capital Announces Executive Leadership Changes
Home Capital Announces Executive Leadership Changes

Canada NewsWire

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.

View original content: http://www.newswire.ca/en/releases/archive/October2017/03/c1828.html

Laura Lepore, Assistant Vice President, Investor Relations, (416) 933-5652, laura.lepore@hometrust.caCopyright CNW Group 2017

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