FlexiGroup names new CEO

Symon Brewis-Weston will join FlexiGroup from New Zealand life insurance provider Sovereign Assurance Company Limited (which is owned by CBA), where he is currently the CEO.

FlexiGroup chairman Andrew Abercrombie said the board is delighted that an executive of Mr Brewis-Weston’s calibre and experience has agreed to join the company.

“Symon’s significant international financial services experience and deep understanding of business and consumer markets in Australia and New Zealand will be of great benefit as FlexiGroup executes its strategy to be the leading non-bank trans-Tasman provider of diversified financial services,” he said.

Mr Brewis-Weston said he was looking forward to taking up his role with FlexiGroup in the new year.

“As one of Australia and New Zealand’s leading consumer and commercial finance providers, FlexiGroup has a strong base to expand its channel partnerships and customer relationships,” he said.

Mr Abercrombie also announced that David Stevens will become managing director and CEO of FlexiGroup New Zealand, in addition to his current role as the group’s chief financial officer.

The new role of managing director and CEO of FlexiGroup NZ has been following the group’s announced acquisition of Fisher & Paykel Finance, which is set to contribute approximately 40 per cent of FlexiGroup’s volume, according to a recent ASX update by the group.

FlexiGroup provides various financial services including leasing, vendor finance, credit cards, and lay-by payment options in Australia and New Zealand.

[Related: FlexiGroup appoints new chairman]