John Flavell will join Mortgage Choice on 7 April 2015 following the announcement of Mr Russell’s ‘retirement’ on 20 November 2014.
Speaking to InvestorDaily sister publication The Adviser, Mr Flavell pointed to his experience running “the second-largest wealth advice business in the country over the past two years”.
“That’s something else I could add to the experience I have on the mortgage side. It’s about deep industry knowledge and understanding the industry,” he said.
Mortgage Choice chairman Peter Richie said Mr Flavell brings with him more than 20 years of experience in executive leadership positions and 15 year in financial services.
“John has significant management experience in the mortgage industry, having held the position of National Australia Bank’s general manager third party distribution for five years until 2013,” Mr Richie said.
Mr Richie also highlighted Mr Flavell’s leadership roles at Aussie Home Loans and RAMS Home Loans.
“John’s broad financial services experience incorporating lending, broking, third party distribution and wealth management, means he is ideally placed to lead Mortgage Choice to continued success,” Mr Richie said.
For his part, Mr Flavell said Mortgage Choice has “changed the way lending is done” 22 years ago.
“Today, Mortgage Choice is more than just a mortgage broker, with the group now offering a broader range of financial services to all Australians,” he said.
Mr Russell will work alongside Mr Flavell in a “transition phase” and then depart Mortgage Choice at the end of the 2014/2015 financial year, according to a statement by the company.
