The former head of broker services at Aussie Home Loans has been made YBR’s new head of operations, amid a swathe of key appointments within the group.
In his first major update as CEO, Frank Ganis has announced a raft of new changes at the broker franchise to help the group achieve its growth strategy and “breath[e] new life into its resi lending business”.
Stephen McKenzie, the former head of broker and customer services and deputy CFO at Aussie Home Loans, has been appointed as Yellow Brick Road’s new general manager, operations.
The group noted Mr McKenzie’s years of industry experience and expertise, adding that he would “play a vital role in recognising efficiencies in operations”.
Another key appointment is Michael Abboud, who has been made head of YBR’s resi lending business.
Macquarie Group’s former national partnership manager for YBR Group (who had oversight of YBR’s retail division as well as Vow Financial) will be tasked with “increasing YBR’s footprint and new business flows” both internally across YBR’s retail division and Vow.
As well as these appointments, YBR also revealed that CBA’s former Home Lending Solutions area manager for Queensland and Western Australia, Jason Knauer, has been made Queensland and South Australia state manager for the YBR retail division.
The broker group also announced that Andrew Zanchetta, YBR’s CEO of group funding and lending, will now serve as the general manager, funding & products, and will focus on the launch of YBR’s securitisation program early next year.
The group reiterated that Clive Kirkpatrick, the general manager at Vow Lending, has been tasked with leading the sale and distribution of lending products, while Adam Youkhana, the general manager of wealth management, will continue to lead the sale and distribution of wealth products across the business.
Speaking of the appointments, Mr Ganis said that getting the right people into key positions was the strategic agenda he had set for the company.
“Recruiting the best people is a key ‘must-do’ in our ‘play-to-win’ strategy, and now that we have the best people in the correct places, we are set to successfully execute on our strategic agenda and propel the business forward,” the CEO said.
The group said that the new changes are “designed to drive future growth while laying the organisational infrastructure that will deliver increased efficiencies, productivity and sales”.
Annie Kane is the editor of The Adviser magazine, Australia’s leading magazine for mortgage brokers.
As well as writing news and features on the Australian mortgage market, financial regulation, fintechs and the wider lending market – Annie is also the host of the Elite Broker podcast and regulator contributor to the Mortgage Business Uncut podcast.
Before joining The Adviser team at Momentum Media in 2016, Annie wrote for a range of business and consumer titles, including The Guardian (Australia), BBC Music Magazine, Elle (Australia), BBC Countryfile, BBC Homes & Antiques, and Resource magazine.
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