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Firstfolio Limited has announced the appointment of Peter Andronicos as its new chief executive.
As general manager of eChoice – Firstfolio's online mortgage broker platform – Mr Andronicos will take up the new position effective immediately.
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Firstfolio chairman Eric Dodd said a key priority of the board was to implement the best leadership team to drive growth within the market-leading eChoice business and realise the full potential of the asset-strong Folio business.
"Mr Andronicos' contributions since 2009 as general manager of eChoice have been valued by the board and his promotion to the chief executive officer position is reflective of the quality and depth of management within the company," Mr Dodd said.
"During his time with the group Mr Andronicos has successfully positioned eChoice.com.au as one of Australia's leading brands for residential mortgages and broker distribution."
Under Mr Andronicos' leadership, eChoice won Boutique Aggregator of the Year at this year's Australian Broking Awards and Aggregator/Originator of the Year (Retail & Wholesale) at the 2014 MFAA Excellence Awards.
Mr Andronicos described his appointment as an exciting phase in the company's development and an opportunity to focus on leveraging the strengths of its businesses.
"With the support of the board and our management team, I look forward to continuing to invest in our people and technology to strengthen the eChoice broker offering across both our direct and aggregation channels," he said.
"In addition, we will focus on leveraging the synergies between the eChoice and Folio businesses to provide niche products and services in addition to our existing products supplied by the banks."
Related: [Firstfolio posts $4.1 million loss but underlying profit]
