Loan Market Chief Executive Officer David McQueen has stepped down from his role, effective immediately, after six years with the broking group.
The company announced the leadership change on Wednesday, confirming that executive chairman Sam White will assume the CEO position to ensure continuity and maintain the brand’s focus on brokers, customers, and partners.
McQueen, who was appointed as CEO in October 2024, joined Loan Market in 2020 as chief regulation and compliance officer before becoming chief risk officer and later group executive for strategy and strategic partnerships. He took on the top role last year following a leadership restructure that saw separate heads appointed for Loan Market and its wholesale aggregation arm, LMG, led by Ewen Stafford.
Speaking to The Adviser about his decision, McQueen said he plans to take a break before exploring new opportunities in the new year.
“After six years with the group, I’m taking the opportunity to take some time off over Summer with my young boys,” McQueen said. “I’m looking forward to what the future holds and new opportunities in the new year. I’ve loved my time with the group and the leadership team and all our brokers, and I can’t wait to see what they continue to build.”
White praised McQueen’s contributions to the group, highlighting his role in compliance reform, lender partnerships, and brand development.
According to White, McQueen was involved in driving compliance transformation through the introduction of Best Interests Duty while CRO, expanding the group’s lender partnerships, and strengthening broker growth services.
He added that under McQueen’s leadership, the brand saw “continued network growth and broker satisfaction” alongside a “multi-million dollar brand campaign.”
“The group thanks David for his leadership and contribution and wishes him every success with his future,” White said.
McQueen’s departure marks another key leadership transition for the White family-owned brokerage group as it continues to expand its broker network and consolidate its position within Australia’s mortgage market.
