Home Capital has announced that Martin K. Reid is to become the group’s new chief executive following the planned retirement of Gerald M. Soloway. Mr Soloway has presided over the banking group and mortgage lender for three decades and will stand down in May. Among his achievements with the group he 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. Martin Reid, joined Home Trust as Treasurer in 2007 and three years later he was promoted to President of Home Capital and Home Trust.

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