TORONTO, Dec. 7 /CNW/ - Home Capital Group Inc. (TSX: HCG) today
announced that Nick Kyprianou has been appointed President of both Home
Capital Group Inc. and its wholly-owned regulated operating subsidiary Home
Trust Company, effective January 1, 2008. Having first joined Home Trust in
1992, Mr. Kyprianou was promoted through a succession of senior positions and
currently serves as the Company's Senior Vice President & Chief Operating
Officer, with overall responsibility for the Company's mortgage underwriting
and sales activities, and Visa operations.
Brian R. Mosko, who has served as Senior Vice President of Home Capital
and Home Trust, will assume the additional role of Chief Operating Officer on
January 1, 2008. Mr. Mosko joined Home Trust in 1989 and most recently has
directed the Company's centralized mortgage servicing and administration
Gerald M. Soloway will continue in his role as Chief Executive Officer,
and as a director of both Home Capital and Home Trust. It is anticipated that
by delegating certain operational responsibilities, Mr. Soloway will remain
well positioned to focus on the Company's strategic directions and on
potential acquisition and growth opportunities, going forward.
Mr. Soloway stated, "I am delighted that Nick and Brian will soon be
assuming these key operating roles. Having worked with both of them closely
over the years, I know that they have the skills and experience required to
balance all the critical factors that have contributed to the Company's past
successes, and which are the foundation for an equally bright future."
Also effective at the time of these two appointments will be various
other senior management promotions to Senior Vice President, Vice President
and Assistant Vice President level positions within the Company.
Collectively, these changes are expected to further strengthen the
management infrastructure that will continue to drive the Company's business
growth and financial performance in 2008, and beyond.
Nick Kyprianou joined the Company in 1992 as mortgage manager and has
assumed increased responsibilities through to his current position of Senior
Vice President & Chief Operating Officer. He is responsible for the direction
of mortgage underwriting and sales, and Visa operations. During his tenure, he
has successfully restructured the underwriting department into eighteen
functional teams dedicated to specific geographical regions and products. He
has been an officer of both Home Capital and Home Trust since 2003 and a
director of Home Trust since 2004.
Prior to joining Home Trust, Nick gained experience in the mortgage
industry with other trust and mortgage companies. He graduated from McMaster
University in 1986 with a BA in history, and completed an Executive Program at
Queen's School of Business in 2000 and the Institute of Corporate Directors
Program at Rotman School of Business in 2007.
Brian R. Mosko
Brian R. Mosko joined the Company in 1989 as a Senior Mortgage
Underwriter and has assumed increased responsibilities through to his current
position of Senior Vice President. He is responsible for the management of the
Company's centralized mortgage servicing and administration groups, and the IT
division. Brian has also taken the lead in several enterprise risk management
projects and initiatives including Basel II and the implementation of Fair
Isaac risk rating models. He has been an officer of both Home Capital and Home
Trust since 2004 and a director of Home Trust since 2007.
Prior to joining Home Trust, Brian worked for the Bank of Montreal,
Revenue Canada and Price Waterhouse. He graduated from the University of
Windsor with an Honours Bachelor of Commerce degree and holds a Fellow of the
Institute of Canadian Bankers designation (F.I.C.B.) and is a Member of the
Credit Institute (M.C.I.).
Home Capital Group Inc. is a holding company, publicly traded on the
Toronto Stock Exchange (HCG), operating through its principal subsidiary, Home
Trust Company. Home Trust is a federally regulated trust company offering
deposit, mortgage lending, retail credit and credit card issuing services.
Licensed to conduct business across Canada, Home Trust has offices in Ontario,
Alberta, British Columbia, Nova Scotia and Quebec.
For further information:
For further information: Gerald M. Soloway, President & CEO, or Nick
Kyprianou, Sr. Vice President & COO, (416) 360-4663, www.homecapital.com