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The former head of distribution at Resi has joined the non-bank as its Victorian state manager, while Laura Stanley has been promoted to lead NSW.
Institutionally funded non-bank lender Assetline Capital has welcomed its first Victorian and NSW state managers, appointed to bolster its support for brokers in Australia’s two most populous states.
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Arthur Karvelas – the former head of distribution at Resi Mortgage Corporation (Resi), part of the Yellow Brick Road Group – has joined Assetline Capital as its new state manager for Victoria.
Karvelas has extensive experience in the finance industry, having worked for more than 20 years in a range of lending roles, including at a state manager level at Pepper Money, Heritage Bank, and Allianz Finance.
In the newly created position (effective as of this month), Karvelas is now leading Assetline’s growing sales team in Victoria and will work to extend the non-bank lender’s footprint in the state by working with brokers and aggregators in metro and regional Victoria and promoting Assetline Capital’s suite of property-backed lending products.
Meanwhile, Sydney-based BDM Stanley has been promoted to the position of state manager for NSW.
Stanley – who has previously worked as a mortgage broker – joined Assetline as a BDM at the beginning of the year.
She will now lead the NSW sales team and service brokers and borrowers across the state.
Announcing the two new state managers, Assetline Capital’s general manager of distribution and partnerships Royden D’Vaz said: “With substantial growth in the past financial year, including an exciting new product launch on the horizon, these latest appointments are vital to our growth and commitment to providing exceptional service to our brokers and borrowers.”
D’Vaz welcomed the addition of Karvelas to the Assetline Capital team, saying he was an “outstanding choice” to lead and grow the Victorian team and highlighting “his extensive knowledge of the industry”, which he believes will “help brokers and their clients to get the deals done”.
Karvelas – who represented Assetline at The Adviser’s SME Bootcamp in Melbourne on Wednesday (11 September) – said he “couldn’t be more excited to join the team at Assetline Capital”, adding he thought its “innovative approach to lending for mortgage brokers sets them apart in the non-bank space”.
“I’m looking forward to playing a key role in driving growth and delivering exceptional service and value for our partners,” he said.
The non-bank lender has been rapidly growing its broker support team in the past year to help accommodate its growth across the long- and short-term lending sectors.
Last month, the non-bank revealed it had promoted its former Queensland state manager Jason Lucas to the newly created position of head of sales for commercial lending, while D’Vaz took on the role as GM of distribution and partnerships.
[Related: Non-bank boosts leadership team with executive appointments]
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