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ISCOVER
Jessica Darnbrough
Firstfolio has said it will restructure its executive team to reflect its recent spate of acquisitions.
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In its first move, the group announced it would appoint National Finance Club director Andrew Clouston to the position of executive general manager of retail distribution.
Firstfolio acquired National Finance Club and Club Financial Services at the end of 2010.
Firstfolio chief executive officer Mark Forsyth said Mr Clouston would retain his role as executive general manager of both organisations.
“The acquisition of the Club Group introduced more than 30 new staff members to the Firstfolio family as well as a very successful national franchise model, a new funding line through NAB/Advantage and a $3 billion book,” Mr Forsyth said.
“The management re-structure was an important component to the integration of the club group and will play a major role in the next phase of Firstfolio’s development.”
Mr Clouston will have overarching responsibility for Firstfolio’s aggregation and wholesale sales, wholesale operations, the franchise network, partner programs and interstate offices.
“Much of the club group’s growth can be attributed to Andrew’s knowledge, drive and passion for retail mortgage sales and he brings extensive expertise and depth of experience to our executive team,” Mr Forsyth said.
