ISCOVER
MyState Group has appointed a new head of broker to lead the newly integrated third-party distribution teams across MyState and Auswide Bank.
MyState Group has welcomed Mark Woolnough to the group as its first group head of broker.
Woolnough – who has now started in the role – will lead the newly unified broker teams across MyState and Auswide Bank following their merger.
The group said the new position reflected the group’s commitment to “strengthening broker partnerships and delivering a seamless, consistent experience for brokers nationwide”.
The new appointee has more than 20 years of experience in financial services, distribution leadership, and broker channel management.
Over his career, he has led distribution teams at several large financial institutions – including ING Australia, where he worked in the broker space for more than 18 years, and at non-bank lender Salt&Lime.
He also held senior sales roles at property data and analytics company Cotality (formerly CoreLogic) and personal lender Plenti.
The group noted the new appointee’s experience, stating he was “well known for his broker-first strategies and dedication to customer-focused growth, with a proven record across retail banking, fintech lending, and sectors supporting the home buying and personal lending journeys”.
Brett Morgan, MyState Limited managing director and CEO, commented: “Mark’s passion for brokers, deep industry expertise and leadership qualities make him the ideal person to lead our group’s broker distribution teams.
“With the merger between Auswide and MyState completed earlier this year, this is our first key market facing integration and is critical to the success of our business moving forward. We’re confident Mark’s energy and broker-first mindset will create real value for brokers, their clients, and for our group as a whole.”
Woolnough said: “I’m honoured and excited to step into this new role with MyState Group at such a pivotal time.
“Brokers are at the heart of what we do, and my focus will remain on making their experience with us simple, seamless, and rewarding. I look forward to working closely with our broker network to deliver exceptional value to brokers, their clients, and the broader MyState Group.”
Earlier this year, the merged group also unveiled a new management team.
Brett Morgan, the managing director and CEO of MyState Bank, is now leading the merged group and has appointed four general managers to drive growth across each of the group’s brands.
Tim Newman – previously the general manager of lending at MyState Bank – is the general manager of MyState Bank.
Damian Hearne – the chief customer officer at Auswide Bank – is the general manager of Auswide Bank. (Doug Snell, who was managing director of Auswide Bank, will be departing the bank.)
Rob Burden, the managing director of SelfCo, is general manager of SelfCo, while the former leader of TPT Wealth, Matt Pearson, has been named as general manager for that arm of the group.
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