Loan Market risk and compliance head elevated

by Adam Smith22 Mar 2012

Loan Market has elevated its risk and compliance leader to a newly formed role as general manager of operations.

The broker group has announced Stephen Scahill will take on the new role. Loan Market national director of sales Mark De Martino said Scahill had proven crucial in guiding the company through the onset of NCCP.

"Stephen has a demonstrated track record and has been instrumental in navigating our business through the new licensing regime. Stephen has overseen our Risk and Compliance team that has supported brokers to get up to speed with NCCP regulations. The audit program he has implemented is first rate and allowed our compliance team to obtain deeper insights into broker processes and offer advice and corrective action where needed," De Martino said.

De Martino said Scahill would help preside over "a number of major initiatives in train", including an upgrade of the company's software. He tipped that Scahill's appointment was "one of a number of key appointments in the pipeline" for the broker.