Home Capital Group Inc. Announces New Appointments to the Board of Directors

October 1, 2018

TORONTO--(BUSINESS WIRE)--Oct 1, 2018--Home Capital Group Inc. (“Home Capital” or “the Company”) (TSX: HCG) is pleased to announce that it has made two appointments in relation to its Board of Directors.

Susan E. Hutchison joined the Board of Directors effective September 27, 2018. Ms. Hutchison is an industry leader with over twenty years’ experience in digital payments technology and global banking. Her professional background includes senior leadership positions, most recently as Chief Commercial Officer at Payments Canada. Ms. Hutchison has an MBA from the Schulich School of Business and holds the ICD.D designation.

Dr. Hossein Rahnama was appointed as Advisor to the Board of Directors, effective June 1, 2018. Dr. Rahnama is the founder and CEO of Flybits, Inc. He is a Co-Founder of Ryerson University’s Digital Media Zone and a Professor in the Faculty of Communications and Design. He is also a visiting professor at the Human Dynamics group at the MIT Media Lab in Cambridge, MA. He holds a Ph.D. in Computer Science and is a recognized researcher and innovator in the field of artificial intelligence as it relates to human-computer interaction. In 2012, Dr. Rahnama was recognized by MIT Technology Review as one of the Top Innovators in the world under the age of 35. In 2017, he was recognized as one of Canada’s Top 40 under 40.

“We are very pleased to welcome Ms. Hutchison and Dr. Rahnama to our Board of Directors,” said Paul Derksen, Chair of the Board of Directors of Home Capital. “We are confident that their skills and expertise will be valuable additions to the Board and to the Company.”

Yousry Bissada, CEO of Home Capital, remarked, “We are excited to have such talented executives join Home Capital as Director and Advisor. We look forward to their contributions as we advance our plans for the future.”

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, we have offices in Ontario, Alberta, British Columbia, Nova Scotia, Quebec and Manitoba.

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CONTACT: Home Capital Group Inc.

Jill MacRae, (416) 933-4991

Director, Investor Relations




SOURCE: Home Capital Group Inc.

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PUB: 10/01/2018 05:30 PM/DISC: 10/01/2018 05:30 PM


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