Non-major appoints head of broker channel

by BN10 Nov 2016
MyState Bank has announced the appointment of Paul Herbert as its head of broker channel.
An experienced banking industry executive, Herbert has been CEO of The Rock in Central Queensland, a division of MyState, for the past two years. He will continue in this role while assuming his new national broker relationship responsibilities with MyState Bank.
MyState's general manager of sales and distribution, Huw Bough, said Herbert's 23 years of experience in the financial services sector made him well qualified for the job.
“Paul knows MyState Bank well, has extensive experience in the mortgage broker industry, previously as State Sales Manager for Queensland and NSW with GE, and most importantly he understands brokers’ needs.
“This will help Paul to hit the ground running, quickly establish key relationships and maintain our mortgage business growth momentum.
“To assist him, we have recently almost doubled our number of broker relationship managers around the country and are looking at other ways to strengthen broker relationships and enhance the way we work with them,” Mr Bough said. 
Brokers helped MyState increase its home loan book by 30% from $2.8 billion to $3.7 billion in the two years prior to 30 June 2016. 
MyState is working to diversify its loan book by accelerating lending outside of Tasmania and currently has around 40% of its loan book outside the state.
Mr Herbert said he was looking forward to working with and supporting MyState’s broker network.
“Brokers are a very important part of our business and our partnership with them is the key to our growth," he said. “Our goal is to make a difference to our partners, customers and communities everyday. With brokers we will do this by being accessible, being exceptional communicators and having a shared passion to serve and make things happen."