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AFG has announced the appointment of a general manager for the Fintelligence group of companies.
Australian Finance Group (AFG) has announced that it has appointed Michael McEvoy to the role of general manager of its asset finance aggregation platform Fintelligence. He will take on the new position from 30 July 2024.
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McEvoy has more than 30 years of experience in the financial services industry and spent the past 10 years with Pepper Money. He was most recently the non-bank’s head of sales for asset finance.
Prior to working at Pepper, McEvoy had a long career in automotive finance, having held roles at equipment finance company Capital Finance, Hyundai, and Toyota, as well as experience as a business banking manager at St.George.
His appointment comes following the departure of long-serving AFG Group leader Chris Slater, who stepped down from the CEO role earlier this year.
AFG CEO David Bailey welcomed McEvoy to the company, saying he was “very pleased” to announce the new appointment: “Michael’s extensive background in the financial services industry across asset finance, partnership management, strategy and sales will help him lead the team in continuing the success of the Fintelligence aggregation business and the growth of the Broli Finance business.”
According to the AFG CEO, McEvoy will also focus on product development opportunities “including the potential for white label and manufacturing".
“I congratulate Michael on his appointment and look forward to working with him and the Fintelligence team as we continue to maximise the opportunities for our brokers and their customers across the Group,” Bailey said.
Speaking of his new role, McEvoy said: “Fintelligence is a business I have admired for a long time.
“I’m excited about the opportunity to lead the team and develop the business to its high potential.”
AFG acquired a majority stake in asset finance aggregator National Finance Alliance Pty Ltd, trading as Fintelligence, in 2021.
Over the past three years, it has been building its asset finance presence and reportedly had more than 600 brokers using its Fintelligence platform at the end of 1H24.
According to the aggregator’s half-year results, it grew its settlements through Fintelligence by 27 per cent in 1H24 (or 11 per cent when compared to prior six-month period) to $1.04 billion.
[Related: Fintelligence CEO announces resignation]
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