MyState Bank welcomes new BDMs

Mr Stiles’ most recent role was as a senior mortgage broker with financial services provider Invictus Finance Solutions. Before that, he had spent 20 years with the National Australia Bank (NAB) across various roles, including as a senior business banking manager. He is based in Victoria and commenced his role 6 September. 

Prior to his appointment, Mr Galvan was a BDM with St.George Bank’s SME business banking segment, and previously served as a BDM with Pepper Money, Virgin Money and NAB. He is based in NSW and will service brokers in NSW/ACT.

Mr Galvan began his role with MyState Bank on the 28 September. 

According to the non-major bank, the inclusion of Mr Galvan and Mr Stiles follows a rise in demand, which has, in turn, seen MyState’s east coast BDM team increase from six to 13 members over the past six months. 

In June, MyState announced that its former general manager of retail banking, business banking and broker, Huw Bough, would be returning to the group as its next general manager of banking.

The following month, the non-major bank confirmed that the then-chief executive of RateOne, Blake Albones, had joined as head of home lending distribution. 

Mr Albones said that the appointments of Mr Stiles and Mr Galvan would serve to strengthen the bank’s relationship with brokers across the nation.

“We’re extremely pleased to welcome Ron and Tony to the MyState Bank team,” he said.

“Our bank is on a journey to be the leading bank in Tasmania and fastest growing lender right across Australia, and by adding exceptional talent like Ron and Tony to our team, we are providing brokers with more reasons to be excited to partner with MyState Bank.”

Mr Albones added that the broker channel was crucial to the non-major bank’s plans to “grow its national footprint over the next half a decade” and that the focus of “providing brokers with faster turnaround times” was a strategic priority for the bank. 

The head of home lending distribution noted that the bank has increased its loan book by 43 per cent over the last five years – suggesting that the broker channel was essential to this, given that approximately 80 per cent of MyState Bank’s home loans are facilitated by brokers.

[Related: MyState hires former ANZ exec to lead wealth]