A beleaguered diversified financial services business and mortgage aggregator has named its new CEO.
Firstfolio has filled a CEO role made vacant by the firing of Mark Forsyth with David Hancock, an
experienced banking executive who was previously a consultant to the company.
Hancock's resume includes a stint as executive general manager of the Commonwealth Bank from 2007 until 2012, and previous roles at institutions Shinsei Bank, JP Morgan and Citigroup/Salamon Smith Barney.
Chairman Eric Dodd said that Hancock has a solid understanding of the business as a result of his consulting engagement, as well as "an excellent and proven track record".
Hancock said he was looking forward to delivering a business strategy that would enhance value for all shareholders.
“Firstfolio has acquired several assets in recent years and my focus will be to execute on a growth plan that leverages off those assets,” Hancock said.
“The immediate focus will be on improved client services and ensuring that the company keeps pace with the changing landscape in financial services," he said.
Hancock takes over from acting CEO Mark Flack, announced he would step down as a director.
Firstfolio chair defends Forsyth's forced exit