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The digital bank has announced the appointment of Oyishi Haque as its new business development manager for NSW/ACT.
Ms Haque comes from a background of working directly with brokers in the consumer lending and asset finance sectors. She joins Alex Bank from ScotPac Business Finance, where she focused on broker business development.
Prior to this, Ms Haque held roles with Plenti, Shift, and Macquarie Bank. She has commenced with her new role as of last week, the bank stated.
Recently appointed chief commercial officer Steven Degetto said the new appointment represented “yet another milestone” for the digital bank.
“Her proven track record of cultivating broker relationships and driving business growth in NSW and ACT will support our growth and presence in these geographies,” Mr Degetto said.
On her appointment, Ms Haque said: “I’m thrilled to become a part of Australia’s newest bank. I strongly believe in Alex Bank’s approach of providing straightforward products with fast outcomes, and I’m excited to contribute my expertise in supporting our accredited brokers in the NSW/ACT region.”
This appointment followed the hiring of former Latitude Financial Services relationship manager in Victoria, Andrew Peng, as Alex Bank’s Victoria state manager for broker partnerships in mid-April 2023.
Recent growth
Alex Bank recently reported a 220 per cent lift in settlement values during the April quarter, when compared to the previous corresponding period, however, the digital bank was operating under a restricted ADI licence (RADI) at the time before being granted its full ADI licence in December 2022.
Since receiving its full ADI licence, the bank reported that 90 per cent of new loans in January and February have stemmed from brokers along with an increase of 56 per cent in personal loan originations since the beginning of 2023.
As Alex Bank focused on developing broker partnerships over the last year, it has accredited most of Australia’s aggregators, including AFG, COG Aggregation, Loan Market Group, Fintelligence, and, most recently, NFC-UFS.
Commenting on the bank’s growth, Mr Degetto said: “The recent transition of our Secured Personal Loan from pilot phase to official launch earlier this month has further broadened the range of our lending products and enhanced our offerings to brokers and their clients, and we’ve received a positive response from brokers thus far with a significant number of applications for vehicle finance since the launch.”
[RELATED: Alex Bank appoints CCO]
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