Aussie’s former general manager of distribution, Vaughan Fowler, has decided to leave his head office role to become a mortgage broker and run an Aussie franchise store in Cronulla.
Mr Fowler will leave his managerial role to assume the position of franchise principal of a company store in his local area, where hopes to capitalise on demand for property in the Sutherland Shire.
“Aussie Cronulla is seeing many first home buyers keen to get into apartments in the area [by] utilising the First Home Buyers Assistance Scheme, while other customers are looking to refinance their mortgages and take advantage of the currently low interest rates,” Mr Fowler said.
He has also committed to fulfilling sponsorship arrangements with local community groups, with a pledge to make a cash donation to Cronulla Surf Club’s Crays Junior Activities Group or Cronulla High School for each home loan settled over $400,000.
Mr Fowler has pledged to make an annual donation to The Crays and sponsor a Life Saving Skills Day.
Aussie Home Loans founder and chairman John Symond will open the new store, located on 14 Gerrale St, Cronulla, on Thursday, 9 November.
The major brokerage now has more than 200 retail stores and was the highest ranked group in The Adviser’s 2017 Top 25 Brokerages report, released earlier in the year.
Aussie is now fully owned by the Commonwealth Bank of Australia after Mr Symond sold his remaining 20 per cent stake in the brokerage in return for approximately $164 million worth of CBA shares.