Website Notifications

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

Aggregator co-founder resigns

afg logo afg logo
Charbel Kadib 5 minute read

A veteran of the mortgage broking industry and co-founder of a major aggregator has stepped down from his role.

The Australian Finance Group (AFG) has announced the resignation of its co-founder Kevin Matthews from its board, effective Monday, 28 October 2019.

Mr Matthews will retire from his position as a non-executive director after more than 25 years with the group.

The outgoing director founded AFG with Brett McKeon, Malcolm Watkins and the late Brad McGougan in 1994.


Mr Matthews became a non-executive director when AFG listed on the ASX and served on the remuneration and nomination, audit, and risk and compliance committees. He remains among the top 10 AFG shareholders.

AFG chairman Tony Gill thanked Mr Matthews for his service to AFG and his broader commitment to the industry.

“Kevin has been fundamental to the success of AFG through both his management and board roles. In his time as executive director of AFG, he was responsible for negotiating and managing key relationships with banks and lending institutions, product development and the commercial arm of our business,” Mr Gill said.

“Kevin’s passion for the industry and his breadth and depth of knowledge of the market has been an invaluable asset to the company.

“On behalf of the board, I would like to thank Kevin for his commitment to the company and wish him well in his retirement.”


Mr Matthews, who has relocated to London from Perth, said he believes it was the right time to step down from the board.

“I am very proud of the achievements of AFG as it has transitioned from a private company to a highly successful listed entity with a national footprint,” Mr Matthews said.

“AFG is in great shape and its strong financial standing leaves the business well positioned for future growth, with the flexibility to pursue potential opportunities. I remain very optimistic about the future for both AFG and the mortgage broking sector more broadly.

“The role the mortgage broking channel plays in ensuring true competition in the Australian lending market is vital and I am proud of the leadership position AFG has taken in highlighting the benefits for consumers.”

Mr Matthews is a former director and life member of the Mortgage and Finance Association of Australia (MFAA) and a senior fellow of the Financial Services Institute of Australasia (FINSIA).

[Related: AFG volumes propelled by market tailwinds]]

Aggregator co-founder resigns
afg logo
TheAdviser logo

Are you a new-to-industry broker in the process of growing your business? Then there’s some great news: The Adviser’s New Broker Academy is back in 2021 and will provide you with essential insights into cutting-edge tools, strategies and processes to fast-track to success. Don’t miss your chance to attend. To secure your FREE place, visit newbroker.com.au now!

afg logo
Charbel Kadib

Charbel Kadib

Charbel Kadib is the news editor on The Adviser and Mortgage Business.

Before joining the team in 2017, Charbel completed internships with public relations agency Fifty Acres, and the Department of Communications and the Arts.

Email Charbel on: This email address is being protected from spambots. You need JavaScript enabled to view it.


more from the adviser
Peter White FBAA calls for finance broker register

The FBAA has been urging ASIC to create a register for brokers wh...

Susan mitchell MC Mortgage Choice-Smartline leadership changes announced

The REA Group has confirmed changes to the Mortgage Choice-Sm...

woman broker documents ta Governments extend COVID support to NSW, Vic

The state and federal governments have offered support packages t...