The CEO of major brokerage Loan Market has stepped down from his role, effective immediately.
David McQueen, the CEO of major brokerage brand Loan Market has stepped down from his position, effective from today (30 October).
McQueen, who became the CEO of the broking group’s branded arm, Loan Market, in October last year first joined Loan Market in 2020 as its chief regulation and compliance officer before becoming chief risk officer (CRO) and group executive for strategy and strategic partnerships.
He was named the CEO of Loan Market last year after the Loan Market Group revealed it was changing its leadership structures to have separate leaders for its Loan Market model and its wholesale aggregation arm, LMG (helmed by Ewen Stafford).
However, he has now stepped down from his position.
Speaking to The Adviser about his decision, McQueen said: "After six years with the group, I’m taking the opportunity to take some time off over Summer with my young boys. I’m looking forward to what the future holds and new opportunities in the new year.
"I’ve loved my time with the group and the leadership team and all our brokers, and I can’t wait to see what they continue to build."
Given McQueen's departure, executive chairman Sam White is taking on the Loan Market CEO role, effective immediately.
White’s move into the role aims to "ensure continuity and maintain Loan Market’s strong focus on brokers, customers, and partners".
In a statement to The Adviser, White noted the contributions that McQueen has made since joining the group, including diving compliance transformation through the introduction of Best Interests Duty while CRO, expanding the group’s lender partnerships and panel while leading strategic partnerships and - in his most recent role as Loan Market CEO, leading “a multi-million dollar brand campaign, strengthening broker growth services, and [seeing] continued network growth and broker satisfaction”.
“The group thanks David for his leadership and contribution and wishes him every success with his future,” White added.
[Related: LMG announces CEO changes]
