Loan Market announces an expansion of its Board of Directors

The Loan Market Group have today announced that for the first time in the company’s history, an external representative will join its Board of Directors.

Following an extensive external search that lasted six months, the Chairman of the Group, Sam White announced that the first non-executive director to join the Loan Market Board is Ewen Stafford.

Last year marked the 20th anniversary of Loan Market and during that time, it has proudly been a family-owned and led business. The company’s Board of Directors have historically been family members or long serving executives of the group.

Mr White, said the appointment of Mr Stafford comes at a pivotal time for the Group.

“Given the growth that Loan Market has experienced and the ambition we have to broaden the scope of financial services that our franchise owners can offer their clients, we have decided to appoint non-executive directors to our Board who can bring new insights, skills and experience to the governance and development of the company.

“We are delighted that the first non-executive director is Ewen Stafford,” Mr White said.

Mr Stafford, who is currently Group Chief Operating Officer at Australia Post, has an extensive background in financial services. He has held previous roles as Chief Operating Officer and Chief Financial Officer for National Australia Bank’s Australian operations and Chief Financial Officer of NAB’s Wealth Management Division, MLC. Beginning his career at KPMG, he also worked for Colliers International as Director of Business Services Australia.

Mr Stafford holds a Bachelor of Arts (Accountancy), a Master of Business Administration, is a fellow of the Australian Institute of Company Directors, and a fellow of Chartered Accountants Australia and New Zealand.

Identifying the need for an external perspective, Mr White welcomes the change.

“Ewen brings his experience in financial services and business transformation to Loan Market as we aim to continue to build our momentum in Australia and New Zealand as well as look for new ways to help our clients find the right products to create and protect their wealth,” he said.