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.
For further information: Laura Lepore, Assistant Vice President, Investor Relations, (416) 933-5652, [email protected]