Third party veteran to leave bank after nearly 20 years

Annie Kane 05:45 AM, 22 Mar 2019 3 minute read

Adelaide Bank’s former general manager of third party – and current head of strategic partnerships at Bendigo and Adelaide – is to leave his role next week.

Damian Percy, who has been with Adelaide Bank/Bendigo and Adelaide Bank for nearly 20 years and held the role general manager of third party banking for nearly a decade, is to leave the financial institution next week to “pursue personal interests”.

The industry stalwart has held several roles since joining the banking group, including as Adelaide Bank’s head of mortgage management, head of mortgage strategy and head of products and solutions (third party mortgages).

Last year, Mr Percy became Bendigo and Adelaide Bank’s first head of strategic partnerships, working closely with its third party banking, leveraged and portfolio funding business.

He has also previously been a director of the Mortgage & Finance Association of Australia.

He will step down from his role on Tuesday (26 March) to pursue personal interests, according to Andrew Twaits, executive, customer and partner engagement.

Speaking of Mr Percy’s departure, Mr Twaits said: “Damian has made a significant contribution to the bank during his 20-year career. He has been instrumental to the growth and success of our third party business in particular over many years.

“Damian has also contributed to the industry through his long involvement with, and contribution to, various industry bodies and associations, and we wish him all the very best for the future.”

Darren Kasehagen, head of third party banking, will assume Mr Percy’s partnership responsibilities from 26 March.

More to come.

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Annie Kane

Annie Kane is the editor of The Adviser, Australia’s leading magazine for mortgage brokers.

As well as writing news and features on the Australian broking industry, the mortgage market, financial regulation, fintechs and the wider lending landscape – Annie is also the host of the Elite Broker podcast and In Focus podcasts and The Adviser Live webcasts.

Before joining 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.

You can email Annie at: This email address is being protected from spambots. You need JavaScript enabled to view it.

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