Mortgage broker Aussie has just announced chairman John Symond has retired from the company.
After nearly 29 years with the group as former owner, chief executive and chairman – playing an active role in developing the mortgage sector as a whole, which now provides the majority of home loans to Australians – the time has come for Symond to leave the organisation.
“I have had a long and rewarding journey with Aussie, which now has a team of over 1,000 people - covering staff, mortgage brokers and franchisees in over 200 stores across Australia," said Symond.
“I am most proud of leading the revolution that has helped millions of Australian consumers by lowering their costs through increased competition amongst the major lenders in providing cheaper interest rates and better customer service.
“My retirement from the role comes at a very good time for Aussie as it is posting record loan settlements, despite the pandemic, and has a very strong management team in place, led by my nephew James," he added.
Current Aussie CEO James Symond recognised John for his personal and professional contributions to what the group has achieved over the past several decades.
“John has been a guiding force for Aussie and for me personally over many years and we congratulate him on a long and successful career as a pioneer of the non-bank and mortgage broking sectors," he said.
"John leaves a huge legacy, but the future of Aussie remains strong and the business is forging ahead with its ambitious growth plans.”
Effective immediately, Geoff Austin has been appointed as non-executive director and chairman of Aussie. Geoff is currently chair of Commonwealth Insurance Ltd, and a director of Colonial Mutual Assurance Ltd and AIA Australia Ltd.