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Home Capital Group Inc.

Exchange: TSX Exchange | Oct 24, 2017, 1:51 AM EDT

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Home Capital Announces Management Departure
Home Capital Announces Management Departure

Canada NewsWire

TORONTO, Sept. 28, 2017 /CNW/ - Home Capital Group Inc. ("Home Capital" or "the Company") (TSX: HCG) announced today that Greg Parker, Executive Vice President, Strategy, will be leaving the Company effective October 20, 2017. Mr. Parker made this decision in order to pursue other opportunities. Brad Kotush, Executive Vice President and Chief Financial Officer, will assume his overall responsibilities.

"Since joining Home Capital in 2010, Greg has been an important member of the senior leadership team," said Yousry Bissada, President and Chief Executive Officer. "The significant contributions Greg has made over the years during his tenure as Treasurer and Chief Risk Officer are greatly appreciated. We thank him and wish him well in his future endeavors."

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/September2017/28/c2297.html

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

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