AFG is mourning the loss of one of its founding directors, Bradley McGougan, who passed away on Friday following a year-long battle with leukaemia.
McGougan, who began his career in the mid-1980’s, started a successful life insurance and financial planning business before co-founding Mortgage Monitors in 1992 – a company which traded very successfully over the next five years and helped to eventually fund AFG.
In 1994, McGougan co-founded AFG along with Brett McKeon, Kevin Matthews and Malcolm Watkins - and is credited with coming up with the aggregator’s name.
AFG bought insurance company Mawson in 1997 and on-sold it to Tower in 2002. McKeon, Matthews and Watkins say it was McGougan who ‘lead the charge’ on the successful sale process. McGougan also co-underwrote Queste communications in 1998, which became Australia’s number-one listing on the ASX that same year.
McGougan successfully ran AFG Financial Planning right up until its sale, stepping down two years ago to the role of non-executive director in order to ‘enjoy the fruits of his labour’.
His fellow founding directors say McGougan was ‘much admired’ for his industry experience and business acumen and was well loved for his ‘endless positivity, infectious energy and raucous sense of humour’.
“The industry has lost one of its greats and AFG has lost one of its most beloved family members.”