'Business as usual' under Kane's watch

by Adam Smith20 Mar 2012

Advantedge caretaker Steve Kane says it will be "business as usual" for the aggregator under his tenure.

Advantedge general manager of broker platforms Steve Weston has taken a role as managing director of mortgages for Barclays UK, and will depart the aggregator. Advantedge has announced that Kane will act in the role in an interim capacity during the search for a permanent replacement. Kane said he would fill the role for “as long as it takes”, but anticipated the group would name a replacement for Weston in the near future.

“It really is just as long as it takes to find the right person; however, one would anticipate the role would be filled on or before the end of April,” he told Australian BrokerNews.

Kane said the role will primarily be to continue the day-to-day functions of the business, and said he did not anticipate any major changes during his tenure as caretaker for Advantedge.

“It will be business as usual and just continuing the work as it's already established. I'm not coming in with any new agenda or initiatives at this stage, just to continue to develop the business and support our mortgage broker partners,” he said.

The move will see Kane, who also serves as president of the MFAA, temporarily step out of his current role as CEO of FAST to fill in for Weston. Kane said he would remain involved with FAST to a limited degree during the hunt for Weston’s replacement.

“In taking over from Steve, I'll be attending some of the FAST stuff as Steve would also have attended, but clearly the focus will be on the total Advantedge platforms business,” he said.

FAST national sales manager David O'Toole will act as FAST CEO during Kane's period as caretaker, and Kane again said O’Toole’s tenure would represent “business as usual” for the aggregator. With Weston’s role slated to be filled within the coming weeks, Kane said Advantedge was considering both internal and external candidates for the position.

“It's a bit of both,” he said.

Related stories:

Kane to fill Weston's shoes ... for now

Weston nabbed by Barclays for innovation

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