Home Capital appoints former PE exec Alan Hibben to board

Home Capital Group Inc (TSX: HCG) has appointed Alan Hibben to its board of directors, replacing Gerald Soloway, the company's founder. Hibben has spent more than three decades serving in a number of senior executive roles in the financial industry. They include his role as head of RBC Capital Partners, the private equity and venture capital arm of the Royal Bank of Canada. This week, Reuters reported that several Canadian and U.S. private equity firms are considering bids to acquire Home Capital, a Toronto-based alternative mortgage lender.

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