Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Tim Brown to leave YBR

timbrown timbrown
James Mitchell 4 minute read

The chief executive of a major aggregator and head of lending at an ASX-listed mortgage group will step down from his position at the end of the year.

Yellow Brick Road today announced that Tim Brown, CEO – lending, will be stepping down from his position in the company effective 31 December 2016.

Executive chairman Mark Bouris said the role will not be replaced and the two existing roles of general manager for the Yellow Brick Road and Vow Financial networks respectively will become more responsible for growing and driving productivity in the lending division.

“In line with the previously announced restructure of corporate operations this year, senior managers and I have been adopting additional responsibilities, with a major focus on achieving efficiencies and network productivity,” Mr Bouris said.

Advertisement
Advertisement

“The appointment of new personnel to the existing general manager roles has begun with the announcement of Andrew Rasby as the general manager — lending (Yellow Brick Road).

“The appointment of a new general manager — lending (Vow Financial) will be announced in due course.”

Mr Bouris said the establishment phase of YBR is nearing completion and the group has a clear strategy to increase productivity and conversion in its networks.

“Deepening the responsibility for two very hands-on general managers to drive those networks forward makes good sense for this stage of our business growth,” Mr Bouris said.

Mr Bouris thanked Mr Brown for his contribution to the company over two years and wished him well for the future. Mr Brown was CEO of Vow Financial for five years.

PROMOTED CONTENT


[Related: Former Aussie manager to run YBR mortgage business]

Tim Brown to leave YBR
timbrown
TheAdviser logo

timbrown
James Mitchell

James Mitchell

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.

 

 

more from the adviser
Sam White 3 Loan Market to move forward with MyCRM

The major brokerage has chosen MyCRM as its broker platform, but ...

ASIC TA ACL obligations issued for debt management firms

ASIC will require debt management firms to hold a credit licence...

handshake 2 NAB exec to head up mutual bank

A member-owned bank has announced that it has appointed a new CEO...

FROM THE WEB