Non-bank lender announces leadership restructure after tough year

by Julia Corderoy21 Jan 2015
A new year and hopefully a new start for non-bank lender Firstfolio, which has announced a restructure of its leadership team after a year plagued with debt and losses.

Firstfolio’s chief executive Peter Andronicos announced the appointment of Paul Liccione as General Manager of Sales & Distribution and Kon Shizas as General Manager of Product & Services. Andronicos said both appointments support his three to five year growth strategy which focuses on increasing product development and distribution.

Liccione will be tasked with enhancing existing broker relationships, as well as the expansion of the broker channel.  Shizas’ role has consolidated the previous independent functions of product development and operations in a move to deliver a more targeted product suite and increased operational efficiencies in the wholesale division.

Both joining Firstfolio from Resi Home Loans, Andronicos said attracting such high calibre industry figures proves Firstfolio is dedicated to its new growth strategy.

“We want to capitalise on our competitive advantage in technology, people and process to drive revenues, improve operating efficiency and returns,” he said.

“It is an exciting time for the business as we continue our process of renewal to strengthen the organisation and deliver on our aggressive growth targets.”