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AFG has revealed two significant appointments that it anticipates will play pivotal roles in supporting its member base.
During AFG’s flagship broker event, NEXT, held in Melbourne on 25 October, chief executive David Bailey announced the appointment of Them Lam as the head of sales and distribution at AFG.
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Mr Lam will be taking over this role, succeeding Chris Slater, who has been appointed as the CEO of Fintelligence.
“Them’s drive and passion for our brokers is exceptional,” Mr Bailey said.
“He will always go the extra mile to find a solution and he has built a reputation as a true and trusted business partner for our members.
“Them will have responsibility for Aggregation, Home and Commercial Loans and will be supported by the State Sales teams across the country. I congratulate Them on his well-deserved promotion.”
Mr Lam will be assuming his new role, replacing Mr Slater, who has been working with the Fintelligence team for the past 12 months.
The Fintelligence leadership team has chosen Mr Slater as the CEO to further their growth plans.
Mr Bailey said Mr Slater will be instrumental in guiding and expanding the business as it integrates with AFG, leveraging AFG’s experience in product development and broker distribution to benefit the Fintelligence network.
“I congratulate Chris on his appointment and look forward to working with the team as we maximise the opportunities for brokers across the Fintelligence network,” he said.
“Both Them and Chris have played integral leadership roles at AFG for a number of years. It has been my pleasure to watch their career progression and I am very pleased to see them step up into their new positions.
“I look forward to working with them both to continue to deliver significant and sustainable future opportunities for our brokers and customers across the group.”
The aggregator acquired 75 per cent of Fintelligence in December 2021 and has since reported asset finance broker numbers have doubled, with monthly settlements increasing from $68 million to $312 million for the group, as reported in its financial results at the end of financial year 2023.
AFG revealed in its FY23 results that it has built on its diversification strategy, particularly through investments in BrokerEngine, Fintelligence and Thinktank.
“Our investments in Thinktank and Fintelligence are providing diversification opportunities to our brokers and increasing the depth and breadth of our business across asset classes,” he said.
He added that the aggregator is “focused on continuing to deliver” on its strategy on the back of a strong balance sheet supported by reliable cash flow and strategic investments setting up AFG for growth.
[Related: AFG eyes diversification among economic headwinds]
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