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The new CEO steps into the top job after more than a decade of service at the asset finance provider.
Auto and equipment lender Metro Finance has announced the appointment of David Albest as new CEO, replacing founder and previous CEO Phillip Crossman.
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Albest brings more than 25 years’ experience in asset finance to the position, including more than 10 years at Metro when he joined as one of the first employees. He was most recently employed as Metro’s chief operating officer and has previously held roles at Resimac, Macquarie Group, and Capital Finance.
Albest replaces Crossman who will become the business’s new executive chairman.
Speaking of the appointment, Crossman welcomed Albest’s move to CEO, noting the role he has played in developing Metro’s collaborative, customer-first culture over the past decade.
“As I take on this new role within the company, I’m delighted to be passing the baton to David; someone I have worked with closely for over a decade, and someone with a wealth of experience both within the Metro business and in the wider finance sector,” the newly appointed executive chairman said.
“I am certain David will continue to take Metro to new and exciting heights, and I’m looking forward to supporting David as CEO in my new capacity as Metro’s executive chairman.”
Albest said he was excited to see what the future held for the business.
“It’s an exciting time for the Metro business as we continue to innovate and offer new products to our customers. Certainly, Phil leaves some huge shoes to fill, but I’m thrilled to be taking on this new opportunity with the company I have spent the last decade helping to build,” Albest said.
“I’d like to thank Phil, our staff and introducers for their continued passion, dedication and support. I’m looking forward to taking on this incredible opportunity and leading the Metro team into a new chapter.”
The asset finance lender has been growing in the past year, having announced the appointment of former Qudos Bank chief information officer David Bridges in May and launching a new green lending program in July that rewards consumers and small- to medium-sized (SME) businesses that opt for ‘green’ assets.
[Related: Metro appoints CIO]
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