Former broker becomes CEO of non-bank lender

The CEO said of the appointment: “Mario has been a driving force behind the significant growth in Pepper’s Australia mortgages and personal loans business. During the past four years, annual volumes have continued to grow strongly under his leadership. The appointment of an Australian CEO reflects the Pepper leadership and reporting structure globally, and ensures consistencies across the Group.

“We continue to deliver on our growth strategy both globally and locally, establishing ourselves as a market leader in our core business lines of lending, servicing and advisory. Pepper now has $53.3 billion in assets under management, with strong contributions from Australia, Asia and Europe."

Mr Rehayem, who will take on his new role immediately, will also have responsibility for regulatory affairs and responsible lending while preparing Pepper for the inevitable changes in market dynamics brought on by positive credit reporting.

Speaking about his new role, Mr Rehayem said: “Under my leadership, I intend to ensure that Pepper remains nimble and ready to take advantage of the changing landscape for lending in Australia, while always keeping the needs of the broker and the customer front of mind."

Mr Rehayem added that Pepper was founded on innovation, and supporting those individuals in need of financial support who are currently not getting the help they need from the banking system.

"That focus won’t change," the new country CEO said. 

Mr Rehayem has been with Pepper for a total of 10 years, leading the Australian team through a number of changes and growth.

Bernie Campbell, managing director for asset finance, and Nick Jacobson, Group head of property, will continue to manage their respective business units, reporting directly to Mike Culhane.

[Related: Pepper accepts $675m takeover deal]