the adviser logo

Diversity is helping to grow industry, says aggregator head

by Reporter5 minute read
FAST Brendan Wright

The chief executive of a leading aggregator has said that the broking industry has grown as a result of “a lot more diversity being embraced”.

Speaking to The Adviser at FAST’s fifth annual Women in Business luncheon in Sydney yesterday, FAST CEO Brendan Wright said that diversity whether gender, ethnicity, background, experience or “diversity in thinking” – was helping propel the mortgage broking industry forward. 

To continue reading the rest of this article, create a free account
Already have an account? Sign in

Mr Wright said: “Having people with diverse backgrounds, including gender, is definitely worthwhile. If you look at the industry, both finance and broking … there's been a history of them being male, and of a certain age and demographic. And that has definitely shifted. I've certainly seen it from an industry perspective and at industry events but also amongst the lenders, amongst aggregators, and brokers in their businesses there's a lot more diversity being embraced in the industry and that's a good thing, and why we've seen growth in the industry.” 

According to the FAST CEO, the aggregator is “passionate” about diversity, in terms of products, people and thinking. 


He explained: “Diversity to us is more than just gender. Gender is important but to us, it's diversity in thinking, and [we] believe that bringing diversity in thinking to your business does result in a different business outcome a really positive one, and a sustainable one. But it’s obvious that we start with gender, because its tangible ... its tactile, you can see it.” 

Mr Wright added that in the last two and a half years, 180 of the new brokers at FAST have been women, adding that he believes the company’s “people should be representative of those [they] are serving” as that “results in better outcomes for clients”. 

He elaborated: “Men and women think differently and there's that theme of thinking differently and the value that brings to business.” 

Mr Wright gave the example of having Patrick Clarkson and Natasha Ramantanis (both partnership managers at FAST) on the leadership team.

“We did that deliberately so that we could get a different point of view in our business. [They came up with] some simple solutions about how we structure our professional development series and [came up] with some really good ideas about doing it differently, which meant better economics but also better outcomes for the brokers who attend our professional development series,” he said. 

Speaking during the event, which also comprised a fascinating and moving story from Hien Nguyen about her journey from Vietnamese refugee to becoming a NSW partnership manager at FAST, and an entertaining and informative talk from journalist Effie Zahos, Mr Wright concluded: “What women do bring to business is courage and kindness; that’s the edge you get when you’re a woman in business.” 

[Related: Nominations open for Women in Finance Awards]

Diversity is helping to grow industry, says aggregator head
brendan wright
TheAdviser logo
brendan wright


You need to be a member to post comments. Register for free today


matt comyn cba speaking ta bzhun1

CBA CEO acknowledges brokers following mortgage growth

The Commonwealth Bank of Australia (CBA) has released its results for the financial year ended 30 June 2022 and...

wif awards 2021 crowd ta giiu3m

Submissions open for Women in Finance Awards 2022

Hosted by Momentum Media, the Women in Finance Awards is returning for its sixth consecutive year to recognise the...

Cameron Poolman ta

OnDeck confirms origination surge following buyout

In early February, OnDeck Australia’s (OnDeck) executives and investors collectively purchased 80 per cent of the...

Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more