'Challenger' brand ME Bank has promoted an internal candidate to fill a new role as national manager of its broker operations.
Previously manager of funding and liquidity, Stewart Saunders will now head up the bank's broking distribution, where he will be expected to build relationships with brokers and aggregators.
The institution recently announced its intention to distribute through third party channels.
The bank has promised brokers transparent processes and support, as well as direct access to credit staff and business development managers.
In his role as manager of funding and liquidity, Saunders assisted with the execution of $12bn worth of residential mortgage securitisation transactions.
Saunders said in a statement that he expected brokers would enhance ME Bank's customer service and value proposition for consumers.