Home Capital Appoints New Chief Risk Officer

TORONTO, Jan. 9, 2015 /CNW/ - Home Capital Group Inc. (TSX:HCG) today announced that Gregory W. Parker has been appointed as Executive Vice President and Chief Risk Officer of Home Capital and its wholly owned subsidiary, Home Trust Company, effective January 1, 2015.

Mr. Parker joined Home Capital as Treasurer in September of 2010 and was subsequently promoted to Senior Vice President in November, 2012. In his role as Treasurer, Mr. Parker was responsible for leading the Company's treasury activities, effectively managing Home's liquidity and funding risk, investment and structural interest rate risk, and cash management activities, and growing the investment portfolio. Mr. Parker has in-depth knowledge of sound and prudential risk management practices and maintains a broad understanding of all areas of the Company's business through his membership in a number of management committees, including his active participation as chair of the Asset/Liability and Retail Product Pricing Committees.

"As a key member of Home's Executive Committee and the leader of the Company's Treasury team, Greg has been instrumental in spearheading a number of effective strategic initiatives, contributing to Home's continued success," said Gerald Soloway, Home's CEO. "As Chief Risk Officer, Greg will now be responsible for providing the leadership, vision and strategic direction for Home's overall approach to risk management, and he brings extensive experience to this role. This appointment strengthens Home's commitment to continuous improvement in all control functions of the Company, and we are delighted that Greg has accepted the position of Chief Risk Officer."

Prior to joining Home Capital, Mr. Parker held numerous positions of increasing responsibility at various financial institutions, including major Canadian banks and leading international firms. Most recently, he was Director, Capital Markets Division at the Office of the Superintendent of Financial Institutions. Mr. Parker holds an MBA degree from Dalhousie University, has completed the Canadian Securities Course and is a member of the Board of Directors of PsiGate Corp., a wholly owned subsidiary of Home Capital.

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 first 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.  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.

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