The Financial Post reports in its Thursday edition that Home Capital Group's new chief executive officer Yousry Bissada is a 30-year mortgage industry veteran whose previous job experience should help the lender, say unnamed executives. The Post's Garry Marr writes that the consensus seems to be that Mr. Bissada will have his work cut out for him when he starts on Aug. 3. An unnamed source says: "Mr. Yousry is a solid veteran in our space. Well regarded. Lots of heavy lifting in his future." Mr. Bissada, has a deep resume that includes time in the mortgage divisions at two of Canada's major banks and seven years as the CEO of Filogix, a software and service provider to the mortgage industry. DBRS said it viewed the appointment of Mr. Bissada as a positive step toward restoring market confidence in Home Capital. DBRS sees the hiring of Mr. Bissada "as a positive, given the recent operational issues at HCG." It said, "With this important appointment, DBRS will look for the new CEO to articulate a strategy that will repair the group's relationships with both the mortgage and deposit broker community, rebuild profitability and address HCG's ability to source funding at competitive market rates."