The exec succeeds industry vet Aaron Milburn, who is stepping down to pursue external interests
Non-bank lender Pepper Money has announced the appointment of Barry Saoud to the role of general manager of mortgages and commercial lending, effective July 20.
Saoud succeeds Aaron Milburn in the role. Milburn announced last month that he was stepping down to pursue interests outside the industry and spend time with his family.
Saoud joins Pepper after 11 years at Aussie Home Loans, where he held the roles of general counsel and head of Aussie products, which included responsibility for sales, products, operations, finance and risk. Saoud also managed a $10 billion mortgage portfolio and various insurance and consumer product portfolios.
Before joining Aussie, Saoud held corporate counsel and company secretary roles with GE Capital, HSBC and Norton Rose Fulbright.
“Barry is the right person to lead our mortgages and lending division and has extensive executive and senior management experience within the financial services industry,” said Pepper Money CEO Mario Reyahem. “He has a stellar reputation in the industry, and is well-known to many within Pepper Money as a key partner in the establishment of the Pepper/Aussie white-label program. Barry brings a wealth of experience across a number of key areas that will assist with our growth aspirations, particularly in the areas of product innovation strategy and distribution. I very much look forward to working alongside him.”
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“Pepper Money is a fantastic business with a rich history of helping underserved customers,” Saoud said. “I look forward to working alongside Mario and the whole Pepper team to further grow Pepper and leverage its unique customer offerings.”
“As we welcome Barry, we would also like to acknowledge Aaron Milburn’s significant contribution in leading the mortgage and commercial lending business over the past four-and-a-half years, and we wish him well as he enjoys this next chapter with his family,” Rehayem said.