Team reshuffle as lender grows

by Rebecca Pike10 Jan 2019

Bluestone has announced its new chief financial officer as part of an executive team reshuffle.

The lender said the changes reflect its evolving needs as it broadens its reach across Australia and New Zealand.

Former Pepper Money group treasurer and executive director Todd Lawler has joined the team, taking on the broader remit of CFO from Mark Donovan who will remain as finance director.

Commenting on the appointment, Bluestone CEO Campbell Smyth said, “We are absolutely delighted to welcome Todd to the team.

“His deep expertise in both the accounting and funding functions of the non-bank sector means he is uniquely qualified to steer the financial operations of the business as it continues on its current growth trajectory.”

Lawler brings more than 30 years of experience to his role, including 18 years as a chartered accountant.

He spent nine years in multiple finance and executive roles at US-based non-bank GMAC-RFC, where his focus was on non-conforming lending across the US, Europe, Central America and Australia.

As CFO, Lawler will oversee the finance, treasury, credit, and legal, risk and compliance functions of Bluestone with a view to build the high-quality financial infrastructure and lending program necessary to maintain the company’s growth.

Lawler said, “It is a truly exciting time to join Bluestone, as the company is perfectly primed to take advantage of current market conditions.

“Its recent acquisition by Cerberus Capital Management means the business has the capital and capacity to be a key challenger in the non-bank sector and develop its offerings to meet the needs of even more Australian and New Zealand borrowers.”

In a broader reshuffle of the executive team, former general manager Tim Miller moved into the role of COO, taking the reins of all operational departments at Bluestone. Previous COO Peter Wood was re-appointed as managing director, New Zealand, off the back of the growth the New Zealand business has experienced since re-launching in December 2017.