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Industry veteran leaves non-bank

A key figure in mortgage distribution has stepped down from his position as head of third party sales at a leading non-bank lender.

Mortgage Business can reveal that Darren McLeod has resigned from Firstmac after nine years with the non-bank.

Firstmac’s Kim Cannon said he is sad to see Mr McLeod go after almost a decade with the lender.

“As head of third party sales he helped cement Firstmac’s position as a viable competitor in the home loan sector and a true alternative to the banks,” Mr Cannon said.

“We are happy that our relationship with key brokers is one which supports their business growth by offering their customers the best value for money for their home loan, and Darren has been instrumental in that,” he said.

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“He has made a tremendous contribution to Firstmac and we are very grateful to have had the benefit of his input and expertise." 

Mr McLeod has more than 15 years of experience in the industry, having worked initially for Adelaide Bank.

He was appointed chairman of the MFAA’s Committee in Mortgage Management in 2012.

Firstmac confirmed that Mr McLeod is taking some time out to spend with his family.

Industry veteran leaves non-bank

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