Home Capital Group Inc. (TSX:HCG) has named Martin Reid as president of Home Capital Group and its wholly owned subsidiary Home Trust Company, the company said Friday.

Reid succeeds Nick Kypriano, who is leaving to pursue other opportunities. Kyprian’s resignation is effective December 31.

Reid joined Home in 2007 as treasurer and was instrumental in establishing the company’s participation in the Canada Mortgage Bond Program. He has been responsible for the company’s liquidity, market risk, the securitization program, asset and liability management and banking relationships.

Reid holds an economics degree from York University and has more than 20 years of financial services industry experience in numerous senior management roles in treasury and capital markets. he started his career with Deutsche Bank Canada and rose to director of market risk for the Americas.

“Martin’s extensive experience in the financial services marketplace, his disciplined approach to Home’s strategy and his global perspective make him a natural fit for the role of President of Home,” stated Gerald Soloway, Home’s CEO.

Home Trust is a federally regulated trust company offering deposit, mortgage lending, retail credit and payment card services.

IE