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Former Vow CEO to lead industry body

by James Mitchell4 minute read

Vow Financial’s former chief executive officer has secured a new role, just weeks after announcing his departure from Yellow Brick Road.

LIXI Australia, the industry body created to develop and maintain data standards that enable efficient transaction processing for the lending sector, yesterday announced the appointment of Tim Brown as its new chief executive officer.

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Mr Brown will officially step down from his role as CEO of lending at ASX-listed Yellow Brick Road on 31 December. He was previously CEO of Vow Financial and head of intermediary mortgage sales at Macquarie Bank. In addition, Mr Brown has served as Chairman of the Mortgage and Finance Association of Australia (MFAA).

“Tim is an energetic leader with a passion for the lending industry and is well equipped to continue the development of LIXI’s strategic priorities,” LIXI Australia Chair Lisa Claes said.

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“Tim emerged as the outstanding candidate from an extensive search process and the LIXI Board is delighted to have his services,” Ms Claes said.

Mr Brown said he was very excited be working for LIXI and once again having the opportunity to be part of the mortgage industry.

“This is very exciting time for technology in the financial services industry and I look forward to working with LIXI’s members in building on the current technology while exploring new technology that will make our industry more efficient and compliant.”

Mr Brown is expected to take up the role in mid to late January.

[Related: Tim Brown to leave YBR]

Former Vow CEO to lead industry body
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James Mitchell

James Mitchell

AUTHOR

James Mitchell has over eight years’ experience as a financial reporter and is the editor of Wealth and Wellness at Momentum Media.

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