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Deposit Power appoints 2 BDMs

by Adrian Suljanovic9 minute read

The deposit bond provider has announced the appointments of Chris Christofilos and Vy Le as the company’s new business development managers.

Deposit Power appointed Mr Christofilos to the role of senior business development manager (BDM) this month, while Ms Le joined the bond provider’s team as a BDM in April this year.

Mr Christofilos brings 15 years of business development and relationship management experience, having previously held roles at Citibank and Australian Finance Group (AFG). Furthermore, he is experienced in building and developing strong relationships with brokers and industry professionals, according to Deposit Power.

In his new role, Mr Christofilos will be in charge of driving sales growth for the company.

Ms Le previously held roles with Athena Home Loans, Lendi, and ubank, with experience in the finance and mortgage industries. Her role as BDM has her responsible for strengthening relationships and driving sales growth within the Deposit Power broker network.

According to Deposit Power, the duo bring “valuable skills and experience” to the company and are anticipated to play a “crucial role in supporting the company’s growth and expansion initiatives”.

Deposit Power general manager of sales and distribution Brent Davidson said: We are pleased to welcome Chris and Vy to the sales team. Their expertise and experience will be instrumental in supporting our upcoming plans for further product enhancements and growth expansion.

“We have exciting plans ahead, especially in the next few months, and are confident that Chris’ and Vy’s contributions will help achieve our business goals.

Mr Davidson himself was appointed to the role of general manager of sales and distribution in November last year, now being in charge of leading Deposit Power’s sales strategies, evolving existing distribution channels, growing the company’s market share, and developing relationships with its partners.

BDM satisfaction reaches new highs

According to an analysis from Momentum Intelligence’s Broker Pulse survey, lender BDMs achieved a satisfaction score of +61 from brokers, reaching a new milestone. The survey covered broker experiences with lender BDMs in the month of March.

This score was 4 points higher than the +57 points recorded in February, with many brokers commending the BDMs for their services and for providing “excellent” and timely support.

Several lenders received a 100 per cent satisfaction score from brokers in March, including non-major banks BCU, Citibank, and Newcastle Permanent. However, these lenders were used by fewer than 20 per cent of broker respondents.

BDMs at the aggregator lending arms also scored perfect points, with AFG Home Loans and Connective Home Loans receiving full satisfaction.

[RELATED: BDM satisfaction score hits new milestone]

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Adrian Suljanovic

AUTHOR

Adrian Suljanovic is a journalist on Momentum Media's mortgages titles: The Adviser and Mortgage Business.

Adrian has written for a range of titles under the Momentum Media umbrella such as IFA, Investor Daily and Lawyer’s Weekly before joining the mortgages team in 2022.

He graduated from the University of Wollongong in 2021 gaining a Bachelor of Communication & Media with a major in Digital & Social Media.

E-mail Adrian at: [email protected]

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