AMP Bank has welcomed a new partnerships manager within the mortgage broker distribution team.
Non-major lender AMP Bank has appointed Mark Pascoe, the former strategic partnerships manager at major bank ANZ, to its broker distribution team.
Pascoe, who joined AMP Bank last Wednesday (29 April), makes the move after working at ANZ for the past 16 years. He also has experience as a mortgage broker himself, having been a mortgage broker in New Zealand for four years, before making the move over to Australia in 2010.
In his new role at AMP Bank, Pascoe will be responsible for driving the delivery of AMP Bank products to aggregator and broker partners, developing and executing partnership strategies, and supporting key initiatives for targeted business growth.
Working closely with internal teams and industry partners, he will be tasked with strengthening relationships, enhancing AMP’s market presence, and delivering exceptional service and value to brokers and clients nationwide.
Confirming the new appointment, Travis Hall, the national manager for mortgage broker distribution, commented: “I’m really pleased to welcome Mark to AMP Bank. His experience working with brokers and aggregators will be a great asset to our team, and he’ll play an important role as we continue to build long‑term broker relationships – supporting brokers to better serve their clients and grow their businesses.”
Commenting on his new position, Pascoe said he was “really thrilled to join AMP Bank as strategic partnerships manager" and was "really excited to re-engage with aggregator partners and reconnect over at AMP and also keen to get out in the market and catch up with brokers and reconnect again".
He said he was “keen to seek feedback from aggregators, partners and brokers”.
Pascoe joins AMP as it moves forward under new leadership, having recently welcomed a new CEO in the form of Blair Vernon, its former chief financial officer.
Vernon took over from former CEO Alexis George at the end of March, stating he looked forward to embarking on a “a new chapter for AMP”, as it focuses on pre-retiree offerings (including 10-year interest-only loans and its recently-updated SMSF home loan offering) and investing in its technological overhaul, including for the broker channel.
Brokers remain the primary channel for the bank, with broker-originated flows increasing to 95 per cent in the financial year ending December 2025.
[Related: Broker share climbs to 95% at AMP]
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