Loan Market CEO Jennifer Nielsen will quit the mortgage broking group at the start of next year (1 January) to take up a new role as head of online and marketing for real estate franchise Ray White.
Ray White deputy chairman and Loan Market Group chairman Sam White will replace Nielsen under the new title of Loan Market executive chairman, while John Kolenda will remain head of sale, with Dean Ruston head of operations.
As head of Ray White’s e-marketing division, Nielsen will be responsible for developing the online brands of both Ray White and Loan Market Group and improving integration of the two businesses.
In October last year Nielsen steered mortgage broker X Inc into a merger with Ray White’s own mortgage broking group, Loan Market
The move created a business with offices nationally and a loan book worth more than $10bn.