Home Capital Announces New Chief Information Officer and Other Executive Leadership Appointments

TORONTO, Dec. 18, 2017 /CNW/ - Home Capital Group Inc. ("Home Capital" or "the Company") (TSX: HCG) today announced that Victor DiRisio will be joining the Company as the new Chief Information Officer (CIO), effective January 1, 2018, reporting directly to President and Chief Executive Officer, Yousry Bissada.

Mr. DiRisio will lead the Company's Information Technology vision, strategic architecture and innovative digital strategy while advancing agile IT development and operational support. He will be instrumental to implementing critical technology platforms and applications that will support Home Trust's role as a leader in the mortgage industry including enhancing the delivery of products and services to continuously improve the customer and broker experience.

"As we focus on building Home Capital for the future, innovating and applying technology in our mortgage business to enhance the customer and broker experience is a top priority for Home Capital", said Yousry Bissada, President and CEO, Home Capital. "Victor's leadership and experience in aligning and delivering technology solutions to create long term value will be key to supporting Home Capital's prominent role in the Canadian mortgage industry.  We are thrilled to welcome Victor to the Company."

Mr. DiRisio brings over 15 years of experience in C-level Information Technology and Supply Chain roles in large national retail, wholesale and distribution, and manufacturing organizations leading transformational initiatives. He is also a Globe and Mail Canada "Top 40 under 40" recipient.

The Company is also pleased to announce additional executive appointments.

Mike Forshee will join the Company as Senior Vice President, Underwriting, effective January 1, 2018. Mr. Forshee will report to Mr. Bissada, and will focus on providing strategic insight to ensure continuous improvement of underwriting processes and protocols. Mr. Forshee is returning to Home Capital where he previously led the Company's Western Canadian operations for more than five years, making significant contributions in developing teams, culture, and the business.

Amy Bruyea joined Home Capital as Senior Vice President, Human Resources on November 6, 2017 and reports directly to Mr. Bissada.  Ms. Bruyea brings extensive experience and a proven track record. Most recently, she worked as VP, Human Resources and SVP of Credit Operations at a financial services firm and previously held several senior leadership roles at a leading fintech firm. Ms. Bruyea is responsible for leading the development and management of the HR function specifically in the areas of change management, leadership development, talent management, organizational and performance management, and compensation.

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.