Mortgage broker AFG appoints interim CEO as chief executive

Mortgage broker AFG appoints interim CEO as chief executive
Mortgage broker AFG appoints interim CEO as chief executive

Leading mortgage broker Australian Finance Group (ASX:AFG) announced that its interim CEO David Bailey has been appointed as the chief executive.

Bailey was appointed the interim CEO after Brett McKeon stepped down as the chief executive earlier this year. McKeon was one of the co-founders of AFG in 1994.

AFG is one of Australia’s largest mortgage groups. It has more than 2,800 members nationally and manages more than $127 billion in mortgage finance.

Bailey has been with AFG for over 13 years and was its chief financial officer and chief operating officer earlier. He also led AFG’s Home Loans business.

AFG chairman Tony Gill said that following a review by its board, Bailey emerged as the preferred candidate.

“David’s skills and background are ideally suited to the role of AFG CEO,” said Gill in a media release.

“Importantly, having worked closely with our former CEO Brett McKeon both prior to Brett stepping back and also since David’s appointment as Interim CEO, he is well known to AFG’s brokers, business partners and shareholders.”

Bailey said he was looking forward “to steering AFG further down the path of diversified growth whilst also ensuring the core broker proposition of choice, competition and strong consumer outcomes is maintained.”

 

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Ceo Afg

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