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The non-bank lender has appointed Pepper Money’s former group treasurer and executive director to the role of chief financial officer.
Bluestone has announced that it has appointed Todd Lawler, Pepper Money’s former group treasurer and executive director, to the role of chief financial officer.
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Mr Lawler, who takes over the role from Mark Donovan, will oversee the finance, treasury, credit, and legal, risk and compliance functions of Bluestone with “a view to build the high-quality financial infrastructure and lending program necessary to maintain its strong growth”.
Mr Donovan will remain with the company in the role of finance director.
Bluestone CEO Campbell Smyth welcomed Mr Lawler to the team, noting his 30 years of experience in the finance industry (including 18 years as a Chartered Accountant) and his history of overseeing and developing non-conforming lending across the US, Europe, Central America and Australia.
Mr Smyth commented: “We are absolutely delighted to welcome Todd to the team. His deep expertise in both the accounting and funding functions of the non-bank sector means he is uniquely qualified to steer the financial operations of the business as it continues on its current growth trajectory.”
Likewise, Mr Lawler said it was an “exciting time” to be joining Bluestone as it is “perfectly primed to take advantage of current market conditions”.
The new CFO added: “Its recent acquisition by Cerberus Capital Management means the business has the capital and capacity to be a key challenger in the non-bank sector and develop its offerings to meet the needs of even more Australian and New Zealand borrowers.”
Bluestone reshuffles executive team
In a broader reshuffle of the executive team, former general manager Tim Miller has now moved into the role of chief operating officer (COO), and will be responsible for all operational departments at Bluestone.
The former COO, Peter Wood, has been re-appointed as managing director, New Zealand, following growth in that business since its relaunch in December 2017.
Mr Smyth commented: “The recent changes in our executive team reflect the evolving needs of our business as we expand our offering and reach in the Australian and New Zealand markets.
”Within our new leadership setup, we combine the specialist insight derived from decades of industry experience with the strategic acumen necessary to successfully navigate changing markets and secure the long-term success of our business.”
[Related: In Focus: Why client needs have shifted to favour the non-banks]
