Equity release products lobby group SEQUAL has a new chairman — the founder of Homesafe Solutions, Peter Szabo.
The group announced this week that Szabo had been elected as chairman succeeding the long-servicing John Thomas who will now become deputy chairman.
The SEQUAL board acknowledged the contribution of Thomas over the years and his passionate advocacy of equity release for senior Australian homeowners.
Thomas said Szabo’s commitment to senior’s equity release for older homeowners had been manifested in the establishment of Homesafe Solutions Pty Ltd in 2005, a partnership with Bendigo and Adelaide Bank Ltd, to enable older homeowners to access the equity in their homes by selling a share of the future sale proceeds of their homes.
“In my opinion, Mr Szabo is the right person to now lead SEQUAL,” he said.
