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Resimac has announced the appointment of a new CEO who will focus on “achieving sustainable growth and improving efficiencies”.
Non-bank lender Resimac has announced the appointment of Pete Lirantzis as new CEO, after flagging the decision to appoint a new leader in November. He will replace interim CEO Susan Hansen following the expected completion of the migration of the Westpac Auto Back Book in the first half of 2025.
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Lirantzis joined Resimac in February 2024 and is currently employed as the non-bank lender’s chief strategy, products, and operations officer. He has extensive experience in the finance industry, having served as CEO of Thorn Group, a commercial and consumer finance company listed on the ASX (and of which Resimac acquired the commercial side in mid-2023) and CEO roles at Splitpay – a UK based fintech start-up – and Humm Group.
This appointment follows a reshuffle of the non-bank’s board in November, with Wayne Spanner replacing Warren McLeland as chair. Announcing the new CEO, Spanner praised Lirantzis for his strong focus on brokers, quality customer care, and solution-oriented approach.
“Resimac is in a strong position and Pete is well placed to lead the business into the future as we continue to diversify and grow across our mortgage and asset finance business,” Spanner said.
“With considerable experience in digital transformation and modernisation across the finance sector, Pete has already made his mark on the business and will continue to do so as we build sustainable growth.”
He added: “Pete’s strong focus on brokers, commitment to quality customer care, and solution-oriented approach are key attributes that will drive Resimac forward. His vision for a more consistent broker and customer experience, combined with his expertise in technology and innovation, make him the ideal leader for this next phase of growth.”
Hansen, who will remain on the non-bank’s board, said she was “delighted to be handing over to Mr Lirantzis in the near future”.
“Since joining Resimac, Pete has demonstrated exceptional skills in articulating and executing a strategy that aligns with the board’s ambition,” Hansen continued.
“Pete brings a wealth of expertise in technology optimisation and AI implementation, but his greatest strength is his commitment to developing our internal talent. His belief in empowering our people and investing in their growth is essential for delivering the best value to brokers and customers, and I fully support this vision," she said.
Lirantzis said he was excited to take on the new role, adding: "At Resimac, we understand that the success of brokers is directly tied to our own. Although we have established strong relationships and continue to assist brokers, we recognise the need to enhance the consistency of their experience. This is a key focus for me, and I am eager to lead initiatives to develop an outstanding and reliable experience for both brokers and their customers."
“My focus will be on achieving sustainable growth and improving efficiencies. I am committed to ensuring we remain competitive while evolving our offerings to meet the changing needs of our valued customers,” Lirantzis said.
He continued: “We will be uplifting our technology and adopting AI to drive efficiencies across the business, making us more adaptable and responsive to the needs of brokers and their customers.
“I’m passionate about continuous improvement, where a learning mindset is central to our growth and success.”
The incoming CEO said broker feedback was "a foundational element" of Resimac’s strategy.
“We aspire to be responsive, regularly gathering broker feedback through surveys and integrating it into our planning and development. I’m committed to deepening these relationships by spending time with aggregators, brokers, and industry partners to better understand their challenges and opportunities,” Lirantzis said.
“Our goal is to be a brand that brokers can rely on, and our relationships with them are critical to achieving this.”
He concluded: “As we chart this path forward, I am both confident and humbled by the trust the board has placed in me. I look forward to working alongside our talented team to achieve the shared vision that will drive our success.”
Looking forward
The new appointment comes at an exciting time for the non-bank lender which, earlier this year, announced the purchase of a portfolio of auto loan receivables and leases from Westpac.
The transaction, with an expected value of between $1.4 billion and $1.6 billion, followed a string of business and portfolio acquisitions in recent years including Sydney-based lender International Acceptance Group.
After acquiring Westpac’s car loan book, Hansen said the lender was committed to offering diverse product options to customers.
“This transaction further strengthens our position as a competitive non-bank lender,” Hansen said.
“We continue to reinforce our position in providing Australians a comprehensive range of finance solutions. Purchasing this book represents a step in our asset finance growth plan to expand our footprint in the auto finance sector and enhance our already diverse product range.”
[Related: Resimac appoints new chair, new CEO appointment ‘imminent’]
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