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Commercial lender gets a revamp

by Staff Reporter11 minute read
The Adviser

Staff Reporter

One of Australia’s commercial lenders has refreshed its brand at the same time as it has appointed a new sales and distribution head.

Yesterday, Thinktank revealed it had appointed Peter Vala to the newly-created role.

Speaking about his appointment, Thinktank chief executive Jonathan Street said Mr Vala joins the team at a time of transformation for the business.


“This key appointment comes on the back of a significant expansion in our funding lines, as well as the introduction of a number of key initiatives based around technology, product development and brand reach,” he said.

Mr Vala joins the team with six years' experience in the banking industry, including several years with ANZ. That experience spans residential, commercial and development finance, and he has highly specialised skills in strategic plan implementation.

“Peter’s very strong financial services background, and proven experience working with brokers and aggregators, will be invaluable as he shapes this high profile, senior position within Thinktank,” Mr Street said.

“He will be a very visible face and presence for Thinktank in an exciting and challenging period ahead. Our executive management team very much looks forward to working in with Peter, and in particular, benefiting from his industry experience and contacts in third party distribution. We are extremely confident it will prove to be a great and successful combination.”

Mr Vala’s appointment coincides with the launch of Thinktank’s contemporary new identity, seen for the first time at the recent MFAA 2013 National Convention.

“Following a strategic review of the business, we felt it was the right time to refresh our look and feel. We’ve grown significantly since we launched almost a decade ago, and we wanted an identity that reflects our leadership position and commitment to our borrowers and finance partners.”

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