Morning Briefing: Aussie Home Loans agrees new partnership

Aussie Home Loans has announced a new partnership... MyState Bank's new head of broker channel...

Morning Briefing: Aussie Home Loans agrees new partnership
Aussie Home Loans partners with Virgin Money Australia
Aussie Home Loans is set to join forces with Virgin Money Australia, adding Virgin Money’s home loans to Aussie’s 21 strong panel of lenders.

Virgin Money’s home loans offer Velocity Frequent Flyer Points on settlement, each month and on regular anniversaries, together with a range of exclusive Virgin-branded benefits. 

Aussie chief executive James Symond said “Our link with the Virgin Money brand in Australia brings together two leading challenger brands, both focused on delivering greater competition to the home loan market together with strong customer service.

“This partnership will bring greater choice for the thousands of Australians our brokers connect with every month, access to a vast number of potential new customers and the ability to offer rewards to our existing customers who are also Velocity Frequent Flyer members,” he added.

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MyState Bank's new head of broker channel
MyState Bank has announced Paul Herbert will take up the role as head of its broker channel.

With over 23 years experience in financial services, Herbert has for the last two years been CEO of The Rock in Central Queensland, a division of MyState Limited, for the past two years.

Herbert will continue in this role while assuming his new national broker relationship responsibilities with MyState Bank.

MyState general manager sales and distribution, Huw Bough, said, “Paul knows MyState Bank well, has extensive experience in the mortgage broker industry, previously as State Sales Manager for Queensland and NSW with GE, and most importantly he understands brokers’ needs.

“This will help Paul to hit the ground running, quickly establish key relationships and maintain our mortgage business growth momentum."