LMG names industry veteran as business lending executive
Loan Market Group (LMG) has appointed long-time Westpac executive Shane Howell as its new group executive – business lending, joining the group after a 20-year career with the major bank.
Howell joined LMG at the start of May, having most recently served as Westpac’s general manager of commercial banking and managing director of business lending.
In his new role, Howell will be responsible for expanding LMG’s SME and business lending proposition, with a particular focus on technology, integrations, and data.
LMG CEO and executive director Ewen Stafford also said the move also reflected the structural challenges businesses faced in securing finance.
“Howell’s appointment reflected both the size of the opportunity and a clear gap in how Australian businesses access funding,” Stafford said.