In the wake of Home Capital Group’s recent executive-level shake-ups and its appointment of Yousry Bissada as president and CEO, the lender has announced Brad Kotush as its new EVP and chief financial officer.
Scheduled to officially begin duties on September 1, Kotush previously served as CFO of Canaccord Genuity Group Inc. from 2006 until February this year.
“We are thrilled to welcome Brad to Home Capital. He is a seasoned, high-caliber executive who will make an immediate impact as we build on the positive momentum the Company has recently earned with depositors, borrowers and brokers,” Bissada said.
Over the past few weeks, Home Capital has received substantial financial assistance from Warren Buffet’s Berkshire Hathaway, which is investing in the lender. A second tranche of equity infusion, which would involve Home Capital issuing about $254 million of shares to Berkshire at $10.30 a share, is slated to be put into a vote soon.
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