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Jessica Darnbrough
Vow Financial’s chief executive officer Jeff Zulman has announced he will leave his position at the aggregation group by the end of the year.
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The aggregator’s chairman Dr Peter Neustadt said Mr Zulman would step down from his role as “initial CEO” and be replaced by Macquarie Bank’s former division director Tim Brown.
Mr Zulman was engaged in mid-2009 to assist the founders to develop a merger concept for mortgage aggregators, facilitated the merger and served as the incumbent CEO to guide and implement the early stages of the merged entity – Vow Financial.
“The directors of Vow are very grateful for Jeff’s contribution over the past 18 months in assisting to realise the concept of a merged group of mortgage aggregators. A significant amount of work was done since the merger took place, addressing all aspects of our business – changing the organisation of the three companies, introducing new branding, marketing concepts, and new initiatives to benefit our brokers,” Mr Neustadt said.
Tim Brown will now take up the role of CEO from January 2011 onwards after more than five years with Macquarie Bank.
“It is a great achievement for Vow and an endorsement of our business concept to have been able to convince Tim Brown to accept the position of CEO of Vow,” Mr Neustadt said.
“Tim comes with tremendous experience and knowledge of this industry. His impressive record of nearly 30 years in marketing and sales related positions in the mortgage and general finance industry have made him the stand out candidate to build on the foundation laid. We wish Tim success and all the best of luck in building a meaningful national financial services company over the next few years.”
