The Globe and Mail reports in its Friday, May 19, edition that Canada's biggest alternative lender Home Capital Group named a new director to its board and said one of its initial investors would step down from the board. A Reuters dispatch to The Globe reports that Home Capital named James Lisson, who has worked with law firms and with the Canadian Department of Justice as a consultant on commercial law, to its board of directors. The company said John Marsh would step down from the board. Home Capital has been struggling to finance its assets as its high-interest deposit accounts have fallen by about 94 per cent since March 27, when the company terminated the employment of former chief executive officer Martin Reid. The withdrawals accelerated after April 19, when Canada's biggest securities regulator, the Ontario Securities Commission, accused Home Capital of making misleading statements to investors about its mortgage-underwriting business. The company has said the accusations are without merit. Last week, the company said uncertainty around future funding had cast doubt about whether it could continue as a going concern.