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The fintech lender has confirmed it will restructure its distribution leadership team after its head of sales Ahmed Khan leaves the industry later this month.
Ahmed Khan, the head of sales at SME lender Lumi, is set to leave the industry this month as he moves to establish his family’s property development firm.
Mr Khan, who joined the non-bank in 2021 from SME lender Capify, is expected to finish up his position with Lumi on 31 August.
He has worked in the finance industry for the past 20 years, including as a business banker at Westpac, before moving into the non-bank sector six years ago.
While working in finance, he has also been involved in property portfolio management for his family.
Speaking of the departure, Lumi chief executive Yanir Yakutiel said that Mr Khan had been “a crucial part of Lumi’s growth story”, adding: “In his time with us, he has helped us become one of the leading lenders to Australian SMEs, and has developed a formidable roster of internal and external sales staff.
“We are sorry to see him go but we knew that, at some stage, the lure of working for his family’s business might become too strong.
“He goes with our absolute best wishes.”
Mr Khan commented: “I have enjoyed my time at Lumi thoroughly and I’m proud of what we have achieved while here.
“After 20 years in the finance industry, I have never known a workplace culture so strong.
“I treasure the relationships I have built with internal and external stakeholders during my time at Lumi and I will be following the company’s growth story closely in the years to come.”
Given Mr Khan’s departure at the end of the month, the SME lender has confirmed that it will be restructuring its distribution leadership team.
The head of third party John Clifford, head of growth Luiz Bevilacqua, and head of internal sales Stephen Lew will all be taking on additional responsibilities as part of the change.
Mr Yakutiel commented: “In John, Luiz and Stephen we feel we have the industry connections, sales leadership experience and analytical insight required to continue our strong growth in FY24.”
The lender has been ramping up for growth recently, having completed a $15 million capital raise, intended on accelerating the company’s growth. Israeli insurance company Harel Insurance Investments & Financial Services joined the lender’s Series C funding round last month.
The lender has also recently joined the panels of outsource Financial and new asset finance aggregator Viking Aggregation.
[Related: Lumi raises $15m from new strategic investor]
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