Aggregator takes on former NAB top executive

by AB14 Nov 2013

AFG, Australia’s largest mortgage aggregator, has appointed former NAB head of risk in wholesale banking, Cameron Smith, to the role of general manager AFG Home Loans.

The aggregator says Smith has been in the banking and finance industry for close to 20 years and that his experience in securitisation, portfolio management and risk strategy planning complement the goals ahead for AFG Home Loans in further expanding and developing its core product line.

Heading up a national sales team, the focus of Smith’s role at AFG will be the strategic development, sales and general management of this growing division within the company. AFG managing director, Brett McKeon, says he welcomes Smith to the management team and that both he and the board are looking forward to the new strategic direction the appointment will bring.

“AFG is thrilled to have attracted someone of Cameron’s calibre at such a pivotal time for the company. Cameron’s experience within the mortgage market and his significant exposure to warehouse funding presented us with the perfect match in terms of who we were looking for,” says McKeon.

The appointment comes as AFG ramps up its activity in the securitisation market. AFG recently successfully priced a $300 million RMBS transaction, the second RMBS transaction for the aggregator this year. The $300 million pool of home loans were originated through the AFG network and are managed by the AFG Home Loans and Securities teams.

“AFG itself has experienced such tremendous growth in the past few years. To be able to help drive the company’s internal home loans division to achieve the same levels of success is something I’m very much looking forward to,” says Smith.

Smith is relocating from Melbourne to be based in AFG’s Perth head-office this week.