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Lendi Group has named Shaun Lordan as its general manager of lending following a major restructure at the broking group and the loss of senior Aussie staff.
Shaun Lordan was head of payments and partnerships at failed neobank Volt and has also held roles at fintech lender Nano, HSBC, Barclays, and Westpac. He led the mortgage product team across Africa for Barclays, helping drive the business to be the market share leader in South Africa through the launch of innovative new products and expert-targeted analytics.
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Chief executive David Hyman said Lendi is gearing up for its next growth horizon as it closes out its final phase of migrating all Aussie brokers onto its platform, an objective it refers to as ‘Aussie Ready’.
“We’re very excited to welcome Shaun to our Lending team, working with Travis Tyler CPO (formerly 86400) in building on our already successful lending portfolio,” Mr Hyman said.
The new hire comes after Travis Tyler joined the group as chief product officer last month.
Mr Lordan and Mr Tyler are working alongside existing Lendi Group executives Zara Cobb (chief growth officer) and Joshua McKenzie (chief technology officer) in the Experience Org.
“It’s an exciting time to be coming on board at Lendi Group, playing a key role in the Group’s steadfast vision of changing the way Australians experience property lending,” Mr Lordan said.
“With an existing suite of Lending products that are already market-leading, there really are exciting times ahead as the Group doubles down on its investment in innovation and technology.”
The announcement comes after Lendi announces a major restructure that saw the loss of a handful of senior Aussie Home Loans staff.
David Smith (CEO lending), Liz Fowler (head of home lending), Brett Graham (head of operations), Cameron Baseley (Queensland state manager), and Glenn Edwards (Victoria and Tasmania state manager) left the company this week as part of a major restructure.
On 2 March, The Australian reported that up to 100 staff had been made redundant. However, Lendi Group CEO Mr Hyman said that reports of major lay-offs are “inaccurate”.
“We are not shedding roles or slimming down,” he said. “Following the recently announced restructure, we will have 400 more full-time employees in the business than we had at the time of the merger in 2021.
Lendi accounts lodged with ASIC showed the group posted a $2.5 million loss for the 12 months ended June 30 2022, widening from a loss of $87,432 in the year-earlier period. Net revenue rose to $182.3 million last fiscal year, while expenses increased to $228.5 million.
[Related: How Lendi became the most valuable brokerage in the country]
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