General manager to retire in late 2025
AFG, one of Australia’s largest mortgage aggregators, has announced that Damian Percy (pictured above left), general manager of AFG Securities, will step down at the end of 2025 as he enters semi-retirement.
Percy, who joined the business in 2019, is credited with helping AFG Securities – AFG’s non-bank lending arm – expand its securitised loan book to over $5 billion. He will be succeeded by Dom Di Gori (pictured above right), a financial services executive with two decades of experience across banking, treasury and capital markets.
Di Gori, who began working with AFG in a consulting role earlier this year, is currently partnering with Percy to ensure a seamless leadership handover. He will formally take on the general manager role in July.
Reflecting on his tenure, Percy described his time at AFG as a career highlight. “I was incredibly fortunate to be able to assemble an extraordinary team, and working with and for AFG has been one of the great pleasures of my finance career,” he said.
Under Percy’s watch, AFG Securities introduced new lending products, overhauled its core systems, and became the top non-bank lender on the AFG panel. The business also completed its first $1 billion RMBS issuance and doubled its loan book.
AFG chief executive David Bailey praised Percy’s leadership, calling him a key contributor to the company’s success. “Damian has been a major contributor to AFG’s success and has been instrumental in building AFG Securities into the number one non-bank lender on the AFG panel, and creating a sophisticated and robust business for the long-term,” he said.
Bailey also voiced confidence in Di Gori’s appointment: “We are fortunate to have an outstanding and experienced successor in Dom Di Gori. His expertise and the extended handover period with Damian will ensure continuity for AFG Securities.”
Di Gori brings experience from roles at FleetPartners Group and ANZ, including positions as Group Treasurer and senior roles in capital markets. He will be based in Sydney.
The announcement of the leadership change at AFG Securities comes amid heightened investor attention on AFG, with BankingDay recently highlighting a strong performance in the company’s shares, fuelling optimism about its future prospects.
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