The non-major lender has announced changes to its third-party team, including the appointment of a new head of broker home loans.
Macquarie Bank has announced the appointment of Wendy Brown as head of broker home loans, replacing Macquarie’s co-heads of intermediaries, Doug Lee and James Angus, who the bank said would be “transitioning out of their roles” at the end of May.
The movements of Mr Lee or Mr Angus are yet to be announced.
Ms Brown has served as Macquarie’s Queensland head of intermediaries since April 2018.
Prior to joining Macquarie, Ms Brown served as Queensland state manager for Westpac and St George Bank from November 2016, and also held several third-party roles at ANZ for almost 14 years.
Following the announcement, Macquarie’s head of personal banking, Ben Perham, thanked Mr Lee and Mr Angus for their service.
“I’d like to pay tribute to the tremendous contributions that both Doug and James have made to Macquarie over their 18 years’ service,” Mr Perham said.
Mr Perham also noted Macquarie’s ongoing commitment to mortgage brokers, citing its investment in the third-party channel and the growth of its market share.
“As we look to the future, it’s important to remember what a strong position our broker home loan business is in today,” he said.
“We have more BDMs than we’ve ever had, reflecting our continued investment in the broker channel over the past several years – and that’s helped power us to the largest broker market share we’ve ever had.”
He concluded: “We’ve also been investing in improving the client and broker experience – including doubling our credit analyst and broker support officer teams, large technology investments, and our industry-leading ‘time to formal approval’.”
[Related: Fixed mortgage rate cuts continue]