Powered by MOMENTUM MEDIA
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.

Latitude announces new chief executive

handshake

handshake
Eliot Hastie 1 minute read

Latitude Financial Services has announced that it has appointed a new managing director and chief executive officer, effective immediately.

Ahmed Fahour, former managing director and chief executive of Australia Post, will take over the role at Latitude from Sean Morrissey.

Mr Morrissey has reportedly left the role after making the decision to return home to the United Kingdom for health and family reasons.

Latitude chair Mike Tilley bid farewell to Mr Morrissey and thanked him for his significant contribution over the past three years.

“Among his many achievements were the separation of our operations and processes from GE, reduction of costs and delivery of organisational efficiencies, the hugely successful Betterers brand campaign, signing of major new partnerships including most recently retailing giant JB HiFi, and a range of digital and product innovations,” Mr Tilley said.

Mr Tilley welcomed the appointment of Mr Fahour and said that he was joining in an exciting growth period for the company.

“Ahmed is the ideal individual to take the helm of Latitude as we embark on a new chapter and seize the opportunities that exist in a changing financial services landscape,” the chairman said.

His experiences and proven track record running large-scale enterprises perfectly suit our ambitions as a growing challenger in a market in which customers demand better services and solutions.”

Advertisement
Advertisement

PROMOTED FEATURES


Due to the leadership transition, the plans for an initial public offering of Latitude had been deferred, but the board would continue to explore strategic options, according to Mr Tilley.

Mr Fahour said that he was excited to join the personal loan financier as he had admired it from afar and was grateful for the opportunity to lead it during a disruptive period in the financial industry.

“Now that Latitude has been successfully established as its own business with a new brand, there are many opportunities available for this dynamic platform. Along with regulatory changes, new customer-facing technology offers significant opportunities for Latitude to both directly support its customers and to continue to support its partners, online and in stores.”

[Related: Personal loan customers refunded millions]

Latitude announces new chief executive
handshake
TheAdviser logo
handshake

 

more from the adviser
loan application New lending reforms to have no bearing on BID

Brokers will still be required to comply with forthcoming best in...

new loan rates Non-major lender cuts LMI to $0

The lender has slashed its LMI costs to $0 for eligible borrowers...

bank of mum and dad Aggregator calls for ‘fairer’ clawback structure

In response to the release of the final clawback regulations, Con...

FROM THE WEB