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Home Capital Group Inc (HCG.TO)

HCG.TO on Toronto Stock Exchange

17.42CAD
16 Nov 2018
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Summary

Name Age Since Current Position

Paul Derksen

67 2018 Chairman of the Board

Yousry Bissada

58 2017 President, Chief Executive Officer, Director

Brad Kotush

2017 Chief Financial Officer, Executive Vice President

David Cluff

2017 Executive Vice President - Enterprise Risk Management and Chief Risk Officer

Edward Karthaus

2017 Executive Vice President of Sales and Marketing

John Harry

2014 Executive Vice President - Commercial Mortgage Lending

Dinah Henderson

Executive Vice President - Operations

Benjamin Katchen

2016 Executive Vice President - Deposits & Consumer Lending

John Hong

2012 Senior Vice President, Chief Compliance Officer

Amy Bruyea

2017 Senior Vice President - Human Resources

Don Corriea

2018 Senior Vice President - Commercial Mortgage Underwriting

Anthony Stilo

2016 Senior Vice President - Internal Audit

Victor DiRisio

2018 Chief Information Officer

Mark Hemingway

2018 General Counsel, Corporate Secretary

Robert Blowes

65 2017 Director

Susan Hutchison

2018 Director

Paul Haggis

66 2018 Independent Director

Alan Hibben

64 2017 Independent Director

Claude Lamoureux

76 2017 Independent Director

James Lisson

67 2017 Independent Director

Lisa Ritchie

2018 Independent Director

Sharon Sallows

68 2017 Independent Director

Laura Lepore

Assistant Vice President

Biographies

Name Description

Paul Derksen

Mr. Paul W. Derksen is Chairman of the Board of the Company. Mr. Derksen was the Executive Vice President and Chief Financial Officer of Sun Life Financial Inc. until March 2007, where he was responsible for Sun Life Financial’s Actuarial, Investment and Risk Management functions and for Mergers & Acquisitions and Investor Relations. Prior to joining Sun Life, Mr. Derksen was Executive Vice President and Chief Financial Officer of CT Financial Services Inc. and Canada Trustco Mortgage Company and Chairman of Tuscan Property Ltd, and Executive Vice President and director of Merrill Lynch Canada Inc. Mr. Derksen is the lead director of CI Financial Corporation and has served on the boards of a number of private and charitable organizations. Mr. Derksen is a CPA, CA and holds an Honours B.A. in Business Administration from the Ivey School of Business at the University of Western Ontario.

Yousry Bissada

Mr. Yousry Bissada is President, Chief Executive Officer, Director of the Company. Mr. Bissada has more than 30 years of financial services experience focused on the mortgage industry and is a member of the Home Capital Group Board of Directors. Most recently, prior to joining Home Capital, Mr. Bissada served as President and CEO of Kanetix Ltd., an insurance and financial products digital platform. Mr. Bissada has held many senior executive roles across the financial services and fintech industry in Canada. Mr. Bissada was named Chief Financial Officer of FirstLine Trust Company in 1989, a leading mortgage services company focused on product development, securitization structures and non-branch origination channels. FirstLine Trust was acquired by Canadian Imperial Bank of Commerce, and Mr. Bissada was named Vice President of Servicing Operations for CIBC Mortgages and FirstLine. In 1999, Mr. Bissada was named Senior Vice President of Real Estate Secured Lending Products at TD Canada Trust, overseeing one of Canada's largest mortgage businesses. In 2000, Mr. Bissada was named President and CEO of Filogix, a B2B software and service provider to the mortgage industry, where he served until 2007. Mr. Bissada has also held numerous roles on the boards of companies in the mortgage industry. From 2009 to 2011, Mr. Bissada served as Chairman of two mortgage lenders, Canadiana Financial Corp. and Paradigm Quest Inc. From 2007 to 2009, he served as a director on the Board of Street Capital Financial Corp. He also served on the Board of Directors of Equity Financial Holdings Inc. from 2014 - 2017 prior to joining Home Capital Group.

Brad Kotush

Mr. Bradley W. Kotush is Chief Financial Officer, Executive Vice President of the Company. He 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's, 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.

David Cluff

Mr. David J. F. Cluff is Executive Vice President - Enterprise Risk Management and Chief Risk Officer of the Company. He joined the Corporation in 2012 and has since held senior positions including Vice President, Enterprise Risk Management and Chief Credit Officer. Mr. Cluff brings an extensive background in credit and risk management. He was responsible for developing and leading the implementation of a credit governance framework. Prior to joining the Corporation, Mr. Cluff spent 12 years at the Office of the Superintendent of Financial Institutions (“OSFI”) where his last role was Director, Credit Risk Division. During his tenure with OSFI, Mr. Cluff developed a deep understanding of the regulatory landscape for financial institutions. Mr. Cluff obtained a B.Com from Mount Allison University and an MBA from St. Mary’s University and is a CFA charter holder.

Edward Karthaus

Mr. Edward Karthaus is Executive Vice President of Sales and Marketing of the Company. Mr. Karthaus brings extensive financial services and technology experience and has focused on developing and executing on Home Capital’s residential lending sales strategy.

John Harry

Mr. John R. K. Harry serves as Executive Vice President - Commercial Mortgage Lending of Home Capital Group Inc. He graduated from the University of Toronto with a Bachelor of Commerce degree and is currently completing the Directors Program at the Rotman School of Management. He has a long career in management that has included senior positions with Scotiabank, Adelaide Capital, First National and Equitable Trust. He joined Home Trust in 2007 as Senior Vice President, Credit & Risk Management, and has overseen the Company’s commercial lending since 2009.

Dinah Henderson

Ms. Dinah J. Henderson is Executive Vice President - Operations of the Company. She is a CPA, CGA with extensive experience in accountancy and operational management specifically in the financial services industry. She joined Home Trust in 1998 as Manager, Internal Audit and became Chief Accountant in 2005. She subsequently became Vice President of Finance in 2009 and then Vice President of Operations in 2011, assuming her current title in 2015. Prior to joining the Corporation she worked in public practice. She is responsible for overseeing the centralized operations and administration group with an emphasis on operational excellence.

Benjamin Katchen

Mr. Benjamin (Benjy) Katchen serves as Executive Vice President - Deposits & Consumer Lending of the Company. He holds an HBA (Dean’s List) from the Richard Ivey School of Business and an MBA (with distinction) from INSEAD. He has nearly 20 years of experience in the financial services industry including roles as an entrepreneur, investment banker, executive and strategy consultant. In addition to his professional commitments, he is Chairman of the Board and President of The Hammer Band, From Violence to Violins—a charitable organization dedicated to providing children from at-risk neighbourhoods in the GTA with a music education that promotes self-esteem, empathy and tolerance.

John Hong

Mr. John Hong is a Senior Vice President, Chief Compliance Officer of the Company. From 2007 to 2011, he was AML Director Canada/Deputy CAMLO HSBC Canada.

Amy Bruyea

Ms. Amy Bruyea is Senior Vice President - Human Resources of the Company. Previously Ms. Bruyea 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.

Don Corriea

Anthony Stilo

Mr. Anthony Stilo is Senior Vice President - Internal Audit of the Company. Mr. Stilo joined the Company in February 2016. Prior to joining Home Trust Company, Mr. Stilo worked as the Managing Director, Internal Audit for Tangerine Bank for four years, and for MCAP as their Chief Audit Officer during the preceding ten years. He has also served more recently as chair of his provincial accounting association board during the unification of the accounting profession in Ontario. Mr. Stilo holds an Honors Bachelor of Commerce from the University of Toronto, the fellowship accreditation from the Chartered Professional Accountants of Ontario, and an ICD.D from the Institute of Corporate Directors at the Rotman School of Management.

Victor DiRisio

Mark Hemingway

Robert Blowes

Mr. Robert J. (Bob) Blowes, CPA, serves as Director of the Company. He was most recently Executive Vice President and Chief Financial Officer of Home Capital Group Inc. and its subsidiary Home Trust Company. Mr. Blowes served in this capacity from 2011 until his retirement from the Corporation on December 31, 2014. Mr. Blowes joined the Corporation in 2010 as Senior Vice President, Finance. Prior to joining the Corporation, Mr. Blowes was with Ernst & Young LLP, Chartered Accountants. He was a Partner in that Firm for 25 years and was part of the Financial Services Industry Group for over 10 years. Mr. Blowes' client base included banking and trust companies, life, property and casualty insurance carriers, brokerages and other financial services. Mr. Blowes also served leading technology companies and has had extensive experience with reporting issuers. Mr. Blowes received his Chartered Accountant designation in 1977 and Certified Public Accountant (Illinois) designation in 2004. In 2013 he was elected a Fellow of the Ontario Institute of Chartered Accountants and CPA Ontario.

Susan Hutchison

Ms. Susan E. Hutchison is Director of the Company. Ms. Hutchison is an industry leader with over 20 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.

Paul Haggis

Mr. Paul G. Haggis is Independent Director of the Company. Mr. Haggis is a director and executive with deep experience in financial services and management of large financial organizations, having served as CEO of Alberta Treasury Branches and of two of Canada's largest pension funds. Paul was President and CEO of OMERS, one of Canada's largest pension funds from 2003 to 2007. Prior to that, he was interim CEO of The Public Sector Pension Investment Board (PSPIB), and served as a director from April 2000 to August 2003. Earlier in his career, Paul held a number of executive roles, including Executive Vice President, Business Development and Chief Credit Officer at Manulife Financial and CEO of Princeton Developments Ltd. Paul is a member of a number of Boards. He is currently Chairman of the Alberta Enterprise Corporation and a director of Advantage Energy of Calgary and Pure Industrial REIT. In addition Paul served as Chairman of Canadian Pacific Railway from 2012 to 2014, and retired as a director of Canadian Pacific in May of 2015. Paul was also a member of the Canadian Forces. Commissioned into the Air Force Reserve in February of 1971, he served in various capacities before retiring as Honorary Colonel of 435 Transport Squadron in 1997. Paul is a graduate of the University of Western Ontario. Paul is also certified as a Chartered Director (C. Dir) through the Directors College at McMaster University.

Alan Hibben

Mr. Alan Roy Hibben is Independent Director of the Company. Mr. Hibben has had a wide-ranging career in financial services, with specific experience in merger and acquisition advisory services, private equity and venture capital, trust company management, project and leveraged finance, and Eurobond sales and trading. Mr. Hibben retired as a Managing Director in the Mergers and Acquisitions Group of RBC Capital Markets in December of 2014. Previously, he held the position of Head, Strategy & Development at RBC Financial Group. In this role, he was responsible for corporate strategy as well as merger, acquisition and development activities for the Bank. He was also Chief Executive Officer, RBC Capital Partners, the private equity investment arm of RBC Financial Group. Prior to RBC, Mr. Hibben worked in senior roles at North American Trust Company, including serving as President from 1991 to 1993. He led this 30-branch, 650-employee national trust company through a restructuring and sale after previous management had been relieved and market conditions had eliminated profitability. Mr. Hibben currently provides financing and strategic advice and expert witness services through his advisory and investment company, Shakerhill Partners Ltd. Since December 2014, he has been an advisor to the Province of Ontario on a number of files, including the Companies' Creditors Arrangement Act (CCAA) processes for Stelco and Algoma Steel. He is also a director of HudBay Minerals Inc. (TSX and NYSE: HBM), Extendicare Inc. (TSX: EXE) and the Mount Sinai Hospital Foundation. He earned a B.Com. from the University of Toronto and is qualified as a Canadian CPA. He is also a CFA charter holder and an Institute Certified Director (ICD.D) of the Institute of Corporate Directors.

Claude Lamoureux

Mr. Claude R. Lamoureux is Independent Director of the Company. Mr. Lamoureux was the inaugural President & CEO of the Ontario Teachers' Pension Plan. From 1990 to his retirement in 2007, he oversaw Teachers' development into one of the world's leading pension plans with more than $100 billion in net assets, an innovative investment program, and outstanding services to more than 250,000 plan members. Prior to 1990, Claude spent 25 years as a senior financial executive with Metropolitan Life in Canada and the U.S., heading the company's operations in Canada from 1986 to 1990. In 2002, Claude co-founded the Canadian Coalition for Good Governance. He has served on many Boards and currently is on the Boards of Industrial-Alliance, Orbite Technologies, St. Michael's Hospital and the Investment Committee of La Fondation Chagnon. Claude holds a Bachelor of Arts from the Université de Montréal, a B.Comm. from Laval University, and honorary doctorates from Glendon College and HEC-Montréal. He is a Fellow of the Canadian Institute of Actuaries, the Society of Actuaries, and the Institute of Corporate Directors. He is also an Officer of the Order of Canada, Officer of the National Order of Québec and a member of the Order of Ontario.

James Lisson

Mr. James H. Lisson is Independent Director of the Company. Mr. Lisson is an accomplished professional with 39 years of legal, board, executive and advisory experience. He spent 34 years in Canada and England with two of Canada's leading law firms, Osler, Hoskin and Harcourt and then Fasken Martineau DuMoulin LLP. He also served seven years as a director, Chairman and then Executive Chairman of Cadillac Fairview Inc., including overseeing a financial restructuring. Mr. Lisson served on executive interchange with the Federal Department of Finance during which he advised on financial services reform. Mr. Lisson is a member of the Law Society of Upper Canada and the Law Society of England and Wales. He is Past Chair of the National and Ontario Business Law Sections of the Canadian Bar Association. He also holds an ICD.D designation from the Institute of Corporate Directors. Among his other roles, he serves as a member of the NAFTA Financial Services Dispute Resolution Panel. Mr. Lisson holds a Master of Laws from Yale University, a Bachelor of Laws from Dalhousie University and a Bachelor of Commerce from McGill University.

Lisa Ritchie

Ms. Lisa L. Ritchie is Independent Director of the Company. Ms. Ritchie was most recently Global Chief Marketing Officer for Sun Life Financial. During her tenure, Ms. Ritchie, created and championed the strategic brand direction for Sun Life and its applications in sponsorship and philanthropy. Prior to joining Sun Life, Ms. Ritchie had a global mandate as Senior Vice President, Customer Knowledge and Insights at Scotiabank. She was responsible for identifying, measuring and reporting on customer and external data, and for enhancing customer insights. Ms. Ritchie also held leadership positions at CIBC, Decima Research/Hill and Knowlton and TD Bank. Ms. Ritchie holds a Psychology degree from the University of Waterloo. She is currently registered in the Institute of Corporate Directors’ ICD – Rotman Corporate Directors Education Program. Ms. Ritchie also completed the Canadian Securities course and several management programs at the Ivey Business School. She is currently a board member for the Humber River Hospital Foundation and Save a Child’s Heart, and was Chair of the Board for The Mabin School, serving for over 8 years.

Sharon Sallows

Ms. Sharon H. Sallows is Independent Director of the Company. Ms. Sallows is a professional director with public and private company experience, and considerable investment oversight background in Canada and internationally. She brings experience in lending and investment across a wide range of industry groups including real estate, infrastructure and natural resources. She has strong analytical and strategic skills with financial expertise, a proven track record in achieving organizational success in both acquisition and turnaround contexts and deep expertise in governance, compensation and human resource issues. Sharon is currently a trustee of Riocan Real Estate Investment Trust and Chartwell Retirement Residences. Previous directorships include Ontario Teachers' Pension Plan Board, USA REIT LLC, Executive Risk Services, Algoods Inc., Equivest Inc. and Maple Mortgage Trust. For 14 years, Sharon was a partner in Ryegate Capital Corporation, a company engaged in private sector merchant banking as well as the provision of financial and strategic advisory services to institutional and corporate clients. Earlier in her career, she was Executive Vice President, Finance for MICC Properties Inc. Previous to that, she was Senior Vice President, Real Estate, Corporate Banking, at Bank of Montreal. Sharon holds a Ph.D. from The Wharton School, University of Pennsylvania, a M.Sc. from The London School of Economics and a B.A. from Carleton University. She also holds an ICD. D designation.

Laura Lepore