Changes at Loan Market and NZFSG

Loan Market has appointed Geoff Allen from DBR as a business development executive as it looks to build out support for its adviser network.

Allen formerly worked for DBR Property Financiers as north west regional manager. He starts on Monday and will be focused on recruitment and development

Brian Greer, Loan Market CEO for New Zealand, said Allen's hire would bolster resources for the growing business.

"Our network has doubled over the past three to four years, and there's been a need to bring in business development support. We were looking for someone with lending experience and Geoff ticks all the boxes," Greer said.

Allen's hire comes as both Loan Market and NZFSG fill a number of new business development roles.

Willy Laban, a long-serving Loan Market business development executive, moves across to NZFSG to become a business development manager, while Karina Rearden, a business development manager at NZFSG, moves in the opposite direction to Loan Market.

Laban's new role will be more focused on recruitment for NZFSG, while Rearden will work closely with Allen.

NZFSG's Bruce Patten said the changes were part of a recruitment drive to provide advisers with more support. The group has added further BDMs in Wellington and Auckland. 

He added: "We have also put in another couple of people in Wellington into support roles to support the My CRM helpdesk, so headcount has gone up significantly. It's about preparing for the regulatory changes, and they will provide more support to advisers as we go over 1,200 members."