Home Capital exec to exit newly created position to join rival mortgage lender

TORONTO – A Home Capital Group Inc. (TSX: HCG) executive is leaving the company to join rival mortgage lender Street Capital Group Inc. (TSX:SCB) mere months after he assumed a newly created position.

Greg Parker, who in July helmed the newly established position of executive vice-president of strategy at Home Capital, has been appointed executive vice-president of capital markets and treasury at Street Capital.

Home Capital says Brad Kotush, its executive vice-president and chief financial officer, will assume Parker’s overall responsibilities at the alternative lender.

Parker had previously held the positions of executive vice-president of enterprise risk management and chief risk office prior to his new role at Home Capital.

His move was part of the company’s efforts to strengthen prospects for long-term growth following allegations from the Ontario Securities Commission that it misled investors.

The company has since settled the OSC case.