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Former broker boss to join LMI provider

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Reporter 5 minute read

Suncorp's former broker head, Steven Degetto, is to join a leading provider of Lenders Mortgage Insurance as its chief commercial officer.

Genworth has announced that Steven Degetto, who was formerly the head of broker for Suncorp Bank before switching roles with Mark Vilo last year to become head of wealth and life intermediaries, will become the company's new chief commercial officer in "the third quarter of 2017".

Mr Degetto will, at that time, also become a member of Genworth's senior leadership team and executive committee.

Building on the Genworth brand in the Australian marketplace, the former broker head will have responsibility for the marketing and distribution of products and services "to meet the evolving needs of lender customers".

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Genworth CEO Georgette Nicholas commented: “We are very excited and pleased to have an individual with Steven’s experience join our team as the new chief commercial officer.

"Steven brings to Genworth extensive business development leadership and experience in residential mortgages as well as strong commercial acumen and an unwavering customer focus.”

Mr Degetto has more than 20 years’ experience in the finance industry with the majority of this based in the intermediary channel.

He was head of Suncorp Bank's third-party channel between 2013 and 2016, and before that was responsible for managing all intermediary relationships and leading a team of business development managers across Vic, Tas, SA and WA.

As well as working at Suncorp, Mr Degetto has worked for the Macquarie Group, Lawfund Australia and Commonwealth Bank.

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[Related: Bank names new broker head]

Former broker boss to join LMI provider
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