A non-major bank has just announced the appointment of its new head of broker partnerships.
Troy Fedder is set to join Suncorp from Commonwealth Bank of Australia (CBA) where he most recently held the role of national executive manager of strategic partnerships, third party banking; prior to this, he was the executive manager of home buying strategic portfolio management.
Suncorp executive general manager of consumer lending, Bruce Rush warmly welcomed Fedder and his 15 years of industry experience; to Rush, the appointment reinforces Suncorp’s "ongoing commitment" to the mortgage broking industry.
“Troy is well known in the market and has a proven track record in delivering strong growth and positive business outcomes through his proactive and engaging approach,” Rush said.
“He brings an extensive understanding of the home lending portfolio and significant experience in engaging with the market and delivering changes for the benefit of all stakeholders.”
For his part, Fedder is looking forward to joining Suncorp as head of broker partnerships at a time where there is "appetite and vast opportunity" to grow the bank’s presence and share in the broker market.
“The mortgage broker industry plays a pivotal role in delivering meaningful outcomes for customers given the incredible proposition that broker’s offer,” Fedder said.
“The future of the broker industry is incredibly bright, and I am looking forward to Suncorp playing an even greater role in creating positive changes that will deliver material benefits for our customers, brokers and the industry as a whole."
Fedder will commence his role at Suncorp next week, on 7 December 2020.