Movers & Shakers

ScotPac appoints new CEO

SME lender ScotPac has appointed Clare Morgan as CEO, effective 2 September, following Jon Sutton’s decision to retire after six years in the role.

Morgan brings extensive experience in business lending, having previously led Australia and New Zealand Banking Group’s (ANZ) business and private banking division and served as executive general manager of small business banking at the Commonwealth Bank of Australia.

She takes the helm following a period of significant growth at ScotPac, with the lender’s loan book doubling and customer base tripling during Sutton’s tenure.

ScotPac now has a loan book worth around $3 billion and serves approximately 10,000 customers through a network of about 2,000 brokers.

The ScotPac board thanked Sutton for his leadership and contribution, saying he had guided the business through an “important period of growth and transformation”.

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Former Westpac exec appointed Housing Australia chair

The federal government has appointed Ann Sherry AO, former Westpac executive and current NAB non-executive director, as the new chair of Housing Australia.

Sherry’s appointment ends an extended period of interim leadership at the agency following the resignation of former chair Carol Austin in November.

The government said Sherry brings extensive experience across banking, business, education, and the community sector.

She held a number of senior executive roles at Westpac between 1994 and 2007, including CEO positions at Bank of Melbourne and Westpac New Zealand.

Housing Minister Claire O’Neil said Sherry’s cross-sector experience made her well suited to lead an agency whose responsibilities have expanded significantly as the government progresses its $47 billion housing agenda.

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Inviva expands partnerships team with senior hire

Non-bank home equity release lender Inviva has appointed lending executive Lino Pelaccia as its new regional manager, southern, as it expands its partnerships team and targets growth in the specialist later-life lending market.

Pelaccia joins Inviva with more than 35 years of financial services experience spanning private credit, non-bank lending, mortgage distribution, and major Australian banks.

In his new role, Pelaccia will provide senior representation across Victoria, Tasmania, Western Australia, and South Australia, with a focus on growing Inviva’s presence, strengthening broker relationships, and supporting its national expansion plans.

Rob Ryan, general manager partnerships at Inviva, said the appointment formed part of the lender’s efforts to build out its partnerships team and support its broader growth strategy.

“Lino’s appointment is another important step in building a high-calibre partnership team to support Inviva’s growth ambitions,” Ryan said.

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Former federal minister appointed APRA deputy chair

Former Labor assistant treasurer David Bradbury has commenced as Australian Prudential Regulation Authority (APRA) deputy chair, taking responsibility for the regulator’s supervision of the superannuation sector.

He began his five-year term on 1 September, completing APRA’s executive board following the Treasurer’s earlier appointment of Bradbury and long-serving APRA executive Therese McCarthy Hockey as deputy chairs.

The former federal Labor MP brings experience spanning public policy, tax reform, international regulation, and consulting to the role. During the Gillard government, Bradbury served as assistant treasurer.

Before joining APRA, Bradbury chaired the Board of Taxation, which advises government on tax-law reform from a business perspective. He resigned from that position to take up the deputy chairmanship.

He was also previously a partner in KPMG’s consulting division for 23 months, leaving the firm in July.

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