The head of broker distribution for a big four bank has stepped down from his position following a significant restructure.
ANZ today announced that Keiran Evans, who has led the team since March 2013 will be leaving the company.
“I’ve had a fantastic time at ANZ. The highlight has definitely been the last three years working with the broker industry,” Mr Evans said.
“I’m proud of what the team has achieved and know our BDMs will continue to deliver the exceptional service we’ve become known for.”
ANZ also announced Simone Tilley will take on a new senior role, head of retail broker distribution.
The bank said the seniority of the appointment recognises the important role brokers play in ANZ’s home ownership proposition.
Ms Tilley, who is currently state head for regional business banking in Victoria and Tasmania, will begin her new job on 9 May and will report directly to Catriona Noble, managing director retail distribution.
“Ms Tilley will focus on building upon the success of ANZ’s retail broker channel which has gained a reputation for partnership and delivery. She will lead a high quality team of business development managers who remain committed to our brokers and customers,” ANZ said.
“Ms Tilley has had a successful 20-year career running large and complex businesses in addition to four years running a family business. She brings considerable experience in relationship management, stakeholder engagement and strong commercial acumen to the role.”
Commenting on the changes, Ms Tilley said Mr Evans and the team should be proud of what they’ve achieved, in particular growing ANZ’s broker proposition from fourth to first place in the market.
“I wish Keiran all the best for his future,” she said.
Under Mr Evans’ leadership, ANZ has risen to become the most successful major bank in the broker space.
The JP Morgan Australian Mortgage Industry report found that despite being the smallest of the four majors in the domestic mortgage market, ANZ has been successful in achieving the same dollar growth in mortgage balances since 2010.
“We believe a key driver of this result has been the success ANZ has had with the broker channel, with originations rising from ~40 per cent of flow to ~50 per cent of flow since 2010,” the report said.
The report also found that ANZ has been steadily reducing its branch presence since 2011.
“ANZ is in the unique position where it has consistently grown its loan book above market for the last [few] years at the same time as it is actively reducing its branch presence and increasing its broker presence,” JP Morgan banking analyst Scott Manning said.
“That is acting as a bit of a business case potentially for other banks to follow,” he said.
James Mitchell has over eight years’ experience as a financial reporter and is the editor of Wealth and Wellness at Momentum Media.
He has a sound pedigree to cover the business of mortgages and the converging financial services sector having reported for leading finance titles InvestorDaily, InvestorWeekly, Accountants Daily, ifa, Mortgage Business, Residential Property Manager, Real Estate Business, SMSF Adviser, Smart Property Investment, and The Adviser.
He has also been published in The Daily Telegraph and contributed online to FST Media and Mergermarket, part of the Financial Times Group.
James holds a BA (Hons) in English Literature and an MA in Journalism.
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