03 November 2020|2 minute read
Australia’s leading mortgage broker, Aussie, has announced the company’s Chairman John Symond has retired from the role.
He steps down after close to 29 years as former owner, Chief Executive and Chairman, having been a major disrupter in the financial services industry and helped develop a sector that now provides the majority of home loans to Australians.
Mr Symond said “My retirement from the role comes at a very good time for Aussie as it is posting record loan settlements, despite the pandemic, and has a very strong management team in place, led by my nephew James.
“I have had a long and rewarding journey with Aussie, which now has a team of over 1000 people - covering staff, mortgage brokers and franchisees in over 200 stores across Australia.
“I am most proud of leading the revolution that has helped millions of Australian consumers by lowering their costs through increased competition amongst the major lenders in providing cheaper interest rates and better customer service”, added Mr Symond.
Chief Executive Officer of Aussie, Mr James Symond said, “John has been a guiding force for Aussie and for me personally over many years and we congratulate him on a long and successful career as a pioneer of the non-bank and mortgage broking sectors. John leaves a huge legacy, but the future of Aussie remains strong and the business is forging ahead with its ambitious growth plans.”
Effective immediately, Geoff Austin has been appointed as Non-Executive Director and Chairman of Aussie. Geoff is currently Chair of Commonwealth Insurance Ltd, and a Director of Colonial Mutual Assurance Ltd and AIA Australia Ltd.
Aussie was founded in 1992 by John Symond and was widely credited for bringing competition to the Australian home lending industry. For nearly 30 years, Aussie Brokers have put progress within reach of more Australians, helping over 1.5 million customers with their home loan. Today, Aussie has the largest retail footprint of any mortgage broker brand in Australia.