AFG reshapes executive team
Australian Finance Group (AFG) has reshaped its executive team in preparation for the heightened industry and regulatory engagement required in the post-Royal Commission environment.
The management changes consolidated executive accountability for all residential mortgage product sales and elevate the leadership role for the growing AFG securities (AFGS) business.
AFG general manager residential and broker Mark Hewitt would take the new position of general manager industry and partnership development.
After leading AFG sales and distribution for the past 13 years, Hewitt would maintain responsibility for the company’s residential mortgage lending relationships.
AFG home loans general manager Chris Slater would assume the broader sales and distribution leadership role across both the residential broking and the AFG home loans business.
A general manager would also be appointed for the AFGS business, which would be a new role on the executive team that reflected the increasing importance of the business line.
Recommended for you
AMP non-executive director Kathleen Bailey-Lord and Iress non-executive director Susan Forrester have been appointed to the national board of the Australian Institute of Company Directors.
Wealth manager JBWere has announced the launch of two fixed income strategies for wholesale clients, backed by UBS Asset Management.
Firetrail Investments has confirmed the departure of four executives over the last quarter, including head of investment strategy Anthony Doyle.
Ares Management has announced a new offering aimed at providing Australian wholesale clients, investors access to its private equity investment strategies, anchored in secondary investments.