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Mortgage broking and finance group Loan Market has appointed former Yellow Brick Road CEO Matt Lawler to the role of executive director and head of distribution and advice.
Loan Market executive chairman Sam White said that Mr Lawler’s appointment was part of the company’s commitment to investing in the people, technology and culture necessary to bring their vision to life.
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The “strategic hire” will help drive Loan Market’s franchise expansion.
The new executive director will be responsible for driving the network expansion and supporting existing franchises while managing the company’s transition to a “fully integrated service offering”, including Wealth Market, Loan Market’s sister company and financial planning arm launched in March 2017.
“I am thrilled that Matt has joined our team,” Mr White said. “His depth of experience in financial services and specifically his understanding of the intersection of mortgage broking and financial planning will be invaluable as we seek to offer clients better outcomes.
“Consumer needs drive our business and increasingly we are seeing demand for solutions beyond a single mortgage product. While it is clear that mortgage broking and financial planning are still largely two separate professions, the modern-day branch manager will need to be fully equipped with the knowledge and specialist resources to help clients achieve their overall goals.”
Speaking of his new appointment, Mr Lawler said: “I am excited to be joining the group which has strong leadership, a dynamic culture and a clear vision for the future. I look forward to playing a leadership role in aligning our broker partners, financial planners and corporate staff behind the vision as we adapt to the changing landscape.”
With over 25 years’ experience in financial services, Mr Lawler has also held positions as executive general manager at NAB Broker and executive general manager of advice at MLC.
[Related: Rising aggregator costs create path towards broking ‘super groups’]
