Home Trust has named Martin Reid, the company's former treasurer, as its new president following the departure of Nick Kyprianou.
"I am pleased that our focus on strengthening our senior management team through internal development has resulted in Home's new president coming from within the company," said Gerald Soloway, CEO of Home Capital Group and its subsidiary, Home Trust,. "I am confident that Martin will provide the leadership and guidance to continue Home as a multi-faceted financial institution and as Canada's one-stop mortgage lender."
Reid joined Home Trust in 2007 and, according to his appointment statement, helped establish the company's participation in the Canada Mortgage Bond program. He has been responsible for the lender's liquidity, market risk, securitization program and banking relationships.
Along with the appointment news, Soloway thanked Kyprianou for his time and commitment to Home Trust.
"We thank Nick for his significant contribution to Home's success over the past 17 years and wish him every success in his future endeavours," he said.