A finance executive who has been called a pioneer in the development of the Australian mortgages business has joined Yellow Brick Road's board as non-executive director, the company announced yesterday (14 August).
Frank Ganis joins the company following a 28-year career at Macquarie Group, where as an executive director he was instrumental in the restructuring, transformation and growth of the Australian mortgage industry.
Ganis was responsible for the launch of the bank's mortgages and securitisation business in the early 1990s and established the PUMA Program as a leading Australian issuer of residential mortgage-backed securities which resulted in greater competition in the marketplace.
“Frank Ganis will be a great asset to YBR. As we continue to deliver on our strategy, Frank’s input on the board will be invaluable. He has unrivalled expertise in developing funding alternatives and is widely respected for his role in the evolution of the Australian lending landscape," said Mark Bouris, executive chairman of Yellow Brick Road Group.
“As YBR continues to capitalise on our strong brand and distribution network, we will benefit from Frank’s extensive knowledge and experience in the sector,” Bouris said.