Broking franchise welcomes "industry stalwart"

by Madison Utley21 May 2020

National mortgage broking franchise MoneyQuest has announced the appointment of a well-known industry name to the role of compliance manager.

Tim Donahoo has 35 years of experience in financial services, having most recently spent an impressive two decades in high level positions at Mortgage Choice followed by a brief stint at boutique aggregator Purple Circle Financial Services.

MoneyQuest managing director Michael Russell has warmly welcomed Donahoo to the team.

“Tim is indisputably one of the very best compliance minds in the industry and, having worked together in implementing the new responsible lending obligations all those years ago, I’m looking forward to repeating the experience with Best Interests Duty and beyond,” he said.

“Tim, or ‘Captain Compliance’ as he is affectionately known, is adept at interpreting new legal obligations and designing appropriate changes to processes and procedures that are both compliant and pragmatic.

“Tim’s appointment further cements our foundations for growth and allows us to be even more responsive to the expectations of our franchise owners, mortgage brokers and customers.”

Donahoo expressed a similar amount of excitement over his new role.  

He said, “With MoneyQuest fast approaching 100 franchises, I couldn’t be more pleased to work with Michael again and reunite with a number of other familiar faces.

“I love the mortgage broking industry and am pleased to have found a long-term home in a business with such exciting prospects.”

MoneyQuest was founded in 2007 and franchised in 2016, now boasting more than 90 offices across the country. The group helps Australians with big financial decisions, from first home buyers through to retirees.