Non-major broker head to depart

by Adam Smith11 Feb 2015
A bank's broker head will be moving on after five years in the role.

Bankwest head of broker sales Ian Rakhit has told Australian Broker he will be departing his role with the bank to take on a role in the insurance industry. Rakhit said he accepted the role primarily to reduce his interstate travel.

In a note to broker group heads, Rakhit said he valued his time at Bankwest.

"I am incredibly proud to have helped Bankwest grow into a national business, now with a $50bn loan book, two-thirds of which originates with brokers."

Rakhit will remain in the role to the end of March. He thanked brokers for their support of Bankwest during his tenure.

"I'd like to thank my broker partners who have made Bankwest the largest lender outside of the big four banks for broker-originated lending," he said.