TORONTO, Aug. 29, 2017 /CNW/ - Home Capital Group Inc.
("Home Capital" or "the Company") (TSX: HCG) today announced the
appointment of Brad Kotush as
Executive Vice President and Chief Financial Officer of the Company
and its subsidiaries, Home Trust Company and Home Bank, effective
September 1, 2017.
Mr. Kotush has an extensive background in public company
reporting, treasury, financial planning and analysis, tax,
corporate development, investor relations, strategic planning and
risk management. He also brings a deep appreciation for Home
Capital's unique market position and the opportunities the Company
has to build on its leadership in the alternative mortgage lending
business.
Most recently, Mr. Kotush was Executive Vice President and Chief
Financial and Risk Officer at Canaccord Genuity Group Inc., a
leading TSX-listed financial services firm with wealth management
and capital markets businesses and operations in 10 countries.
"We are thrilled to welcome Brad to Home Capital. He is a
seasoned, high-caliber executive who will make an immediate impact
as we build on the positive momentum the Company has recently
earned with depositors, borrowers and brokers," said Yousry Bissada, President and Chief Executive
Officer, Home Capital.
"This is an important time for Home Capital and its depositors,
borrowers and brokers, as the Company forges and executes a plan to
enhance and grow the business," Mr. Kotush said. "Home plays a key
role in the alternative lending market, helping deserving Canadians
to realize their dreams of home ownership. I look forward to
working with Yousry and the team to ensure Home remains the leader
in the markets we serve."
With the appointment of Mr. Kotush, Robert Blowes will step down from the role of
Interim Chief Financial Officer. Mr. Blowes will remain a member of
the Company's Board of Directors.
Mr. Bissada added, "Bob has been a cornerstone of our senior
executive team. His strategic approach, industry knowledge and
relationships have been invaluable as Home has worked to
restructure and recover from its recent challenges. He has made a
lasting contribution to Home, particularly through his leadership
over the last few months and the integral role he played in several
important financing transactions. On behalf of the Board, we thank
him for all of his efforts and look forward to his continued
leadership on the Board."
Brad Kotush Biography
Mr. Kotush has more than 11 years of experience as a public
company Chief Financial Officer focused on financial
services. In that role, he oversaw key functions such as
public and internal financial reporting and budgeting, group risk
management, investor relations, regulatory reporting, and
treasury.
Mr. Kotush first joined a predecessor firm of Canaccord Genuity
Group Inc. (Canaccord Genuity) in 1996. When that firm was
acquired by Canaccord Genuity in 1998 he became Vice President of
Special Projects. In 2000, he was named Executive Director,
Secretary and Chief Financial Officer of Canaccord Genuity's
European operations and spent three years in London, England helping to substantially grow
that operation. Following that assignment, he served as Senior Vice
President of Finance and Chief Information Officer.
In 2006, Mr. Kotush was named Executive Vice President and Chief
Financial Officer of Canaccord Genuity.
During his time at Canaccord Genuity, Mr. Kotush was involved in
its initial public offering, common, preferred and convertible
debenture issues as well as bank financings. His
responsibilities also involved integrating multiple acquisitions,
including Genuity Capital Markets in 2010 and Collins Stewart
Hawkpoint plc in 2011.
Prior to joining Canaccord Genuity, Mr. Kotush spent eight years
at KPMG.
Mr. Kotush is a Chartered Professional Accountant (CPA, CA) and
holds a Bachelor of Arts from the University
of British Columbia.
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.