Firstmac shifts up a gear on auto loans

National sales manager appointed to pursue growing market

Firstmac shifts up a gear on auto loans


By Jayden Fennell

Non-bank lender Firstmac has appointed car loan BDM Tom Moody to the position of national sales manager auto.

Moody (pictured above) joins Firstmac from fintech vehicle and personal lender Plenti where he was a senior BDM. Prior to this, Moody held senior roles at Pepper Money and NFC Aggregation.

“After many years in the asset finance industry, I have a strong understanding of the broker and lender market needs and what it takes for a business like Firstmac to grow and be successful in the space,” Moody said.

“I am passionate about building great client relationships and maintaining a high level of service, which I will work closely with our auto sales team to deliver to the network.” 

Moody said he was delighted to join Firstmac with its rapidly growing reputation in the auto lending market. 

“I’ve heard great things about Firstmac, so when I heard about this opportunity I grabbed it with both hands,” he said. “I’m looking forward to helping Firstmac grow its auto lending business in partnership with our asset finance and mortgage broker network, helping to develop the product and working face-to-face with clients.”

Firstmac managing director Kim Cannon said Moody’s appointment would bolster Firstmac’s growth in the auto lending market, where it had been writing record volumes throughout 2022.

“In this newly created role, Tom has been tasked with building greater awareness of the Firstmac offering and to develop deeper relationships with key accounts,” Cannon said.

“Tom has excellent experience across the asset finance market and will add great value to this fast-growing channel at Firstmac.” 

The non-bank has focused on pushing into the car loan market in recent years by introducing products such as the green car loan, which gives borrowers a large interest-rate discount for low-emissions vehicles. In turn, this has allowed it to rapidly build its auto book.

In October, Firstmac completed a $1.76 billion Residential Mortgage-Back Securities (RMBS) issue – the largest this year from a non-bank lender.  

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