Home Capital announces new CEO

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The lender has announced the appointment of Gerald Soloway’s successor.

Martin Reid has been named as his replacement.

“The Board would like to thank Jerry, on behalf of shareholders, employees and customers, for three decades of incredible service, building one of Canada’s premier financial institutions from humble beginnings and in doing so helping thousands of Canadians reach their home ownership goals,” Dr. Kevin P. D. Smith, Chairman of the Boards of Home Capital, Home Trust and CFF Bank, said. “The entrepreneurial spirit of Home Capital and the value the Company has created are testaments to Jerry’s hard work and to his vision.

“We wish Jerry well in his retirement from the role of CEO, and we are pleased to still have his counsel as a director.”

Reid will take over as president and CEO of Home Capital, Home Trust, and CFF Bank. Soloway will remain a director for all three entities.

“Mr. Soloway is credited with pioneering the provision of first residential mortgages for the self-employed and for those with limited credit history, who do not meet the lending criteria of major financial institutions,” Home Capital said in a release. “This vision became the basis of Home Capital, which was founded in 1986 by a group that included Mr. Soloway.”

Soloway has acted as president and CEO since 1987.

“It’s been my honour and pleasure to serve as CEO of such a great company, and to work with so many wonderful people over the years to build this business,” Soloway said. “The team at Home Capital today is second to none. I know that the Company is in great hands, and I am very confident in their ability to take Home Capital to new heights under the leadership of Martin Reid.”
  • Brian Smith on 2016-03-01 10:05:11 AM

    Gerald Soloway was an inovator in the mortgage landscape . He was a great mentor to myself in my career and he will be missed. Wishing him all the best.

  • Nick Mitskopoulos on 2016-03-01 1:11:49 PM

    All the best to Mr Soloway..yes you built that company by sticking to your lending principals and hard work-- a true testament to a great entrepreneur.

  • Ron Butler on 2016-03-01 5:05:10 PM

    The hardest thing to do in business is to create something from nothing and turn it into a huge success; Gerry Soloway did just that and very few people in Canada have ever created as much cash in a company as quickly as he did.

    Just like most mortgage brokers in Canada I have used Home Trust to help clients no other lender would help. It was good for the clients and good for the mortgage brokers because Home Trust always used brokers as their main distribution system.

    So for building this great company that helped our clients and made money for mortgage brokers all over Canada I just want to tell Gerry: Thank you and the very best wishes.

  • Victor Simone on 2016-03-01 7:09:07 PM

    Mr. Soloway is a pioneer, and he is otherwise a legend in the independent mortgage marketplace. Without Home Trust, our channel may have never been as large.

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