Mortgage broking group appoints CEO

The board of mortgage broking group, Australian Finance Group (AFG), has appointed current interim chief executive, David Bailey as the company’s CEO.

In announcing the appointment, AFG chair, Tony Gill said Bailey was appointed CEO after a review of the market, and finding that Bailey was the most preferred candidate.

“David has been with AFG for over 13 years and holds a wealth of experience from his roles as chief financial officer, chief operating officer, as well as interim CEO of AFG,” Gill said.

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“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.”

In his time at AFG, Bailey has had responsibility for its business development, strategy, and finance operations, while leading its home loans business, including the securitisation programme.

On his appointment, Bailey said: “We are in an exciting and important phase of AFG’s development and I look 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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