Home Capital exec to exit newly created position months after assuming role

A Home Capital Group Inc. executive is leaving the company mere months after he assumed a newly created position.

In July, Greg Parker helmed the newly established position of executive vice-president of strategy at the Toronto-based alternative lender.

“Mr. Parker made this decision in order to pursue other opportunities,” the company said in a release issued Thursday.

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

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.

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