Home Capital Chief Financial Officer to Retire at End of Year

TORONTO, Nov. 12, 2014 /CNW/ - Home Capital Group Inc. (TSX:HCG) today announced that Chief Financial Officer and Executive Vice-President Robert Blowes will retire at the end of 2014. Robert Morton, currently CFO of Home Trust Company, will succeed Mr. Blowes as Chief Financial Officer of Home Capital.

Mr. Blowes joined Home Capital as Senior Vice-President Finance in November of 2010 and was promoted to CFO in May 2011. He was appointed Executive Vice President in November 2012.

"As a key member of Home's Executive Committee and the leader of its Finance team, Bob has played an active role in the development and execution of Home's strategy, contributing to its continued success," said Gerald Soloway, Home's CEO. "He has demonstrated strong leadership in all aspects of our business, building on the Company's strengths and solid financial performance. On behalf of everyone at Home, we thank Bob for his exceptional contribution."

Robert Morton joined Home Trust, Home Capital's wholly owned subsidiary and principal operating unit, in September of this year after a successful career at State Street Bank where he was most recently Group Chief Financial Officer of the Canadian legal entities, responsible for all financial functions in Canada as well as Principal Officer of State Street Bank and Trust Company - Canada Branch. He is a CPA, CMA, and also holds the Chartered Director designation from the DeGroote School of Business.

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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