Leading mortgage provider Pepper Money has appointed Mario Rehayem, the company’s former director of sales and distribution, to the newly created position of managing director - Australian mortgages and personal loans.
Effective from 1 October 2016, Mr Rehayem will assume responsibility for the day-to-day management of all residential mortgage and unsecured personal lending in Australia from co-group CEO Patrick Tuttle.
The position has been created following “strong growth” of Pepper’s Australian residential mortgage business through the broker channel, and “exceptional results” across Australia, Europe and Asia.
Mr Tuttle, who was previously responsible for the Australian mortgage business, will now focus on the strategic and operational growth of Pepper’s lending businesses in Australia, Europe and Asia.
Bernie Campbell, managing director - asset finance, will remain responsible for the secured auto and equipment finance business, and both he and Mr Rehayem will continue to report to Mr Tuttle in his capacity as co-group CEO.
“The continuing strong growth of Pepper’s Australian residential mortgage business driven by our diversified distribution across the mortgage broker, white label and direct-to-consumer channels has created an opportunity for us to appoint a dedicated managing director for Australian mortgages and personal loans,” Mr Tuttle said.
“Mario has been a driving force behind the significant growth in Pepper’s Australian mortgages business, particularly over the past three years. Through the successful development of strong working relationships with the large aggregator groups and our white label partners, Mario has built one of the best B2B mortgage sales teams in the country.”
Meanwhile, Mr Rehayem said the introduction of the new role “reflects Pepper Money’s commitment to continuing to provide the Australian lending market with the best service and product offerings”.
“It’s exciting to be at the helm, working with Patrick and Mike [Culhane, founder, co-group CEO and director of Pepper], as we prepare for the launch of our personal loan offering, I look forward to continuing the growth in the Australian business,” he said.
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