John Symonds has stepped down as chief executive of Aussie Home Loans, saying he wants to concentrate on building up other areas of the business. The decision allows Mr Symonds to move away from his operational role towards a business strategy position.
Mr Symonds believes the credit crunch as created many other opportunities and he told ABC radio today that he was looking at working with smaller home loan brokers who may be struggling without the backing of major bank.
"We have a great brand and an umbrella that may well help other, struggling non-bank players who want to stay in the business and want to link themselves up with a good brand who's very active and wants to grow rather than jump into the trenches, steel helmets, and wait for the storm to blow over," Mr Symond said.
Aussie Home Loans currently has $23billion of loans on it's books. Mr Symonds is focussing on growing the company and has acknowledged that a larger team is needed to grow and move into other areas.
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