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AFG, Australia’s largest mortgage aggregator, has appointed Cameron Smith, former Head of Risk in Wholesale Banking at National Australia Bank to the role of General Manager AFG Home Loans.
Cameron has been in the banking and finance industry for close to 20 years. His experience in securitisation, portfolio management and risk strategy planning complements the goals ahead for AFG Home Loans in further expanding and developing its core product line.
Heading up a national sales team, the focus of Cameron’s role at AFG will be the strategic development, sales and general management of this growing division within the company.
AFG Managing Director Brett McKeon welcomes Cameron to the management team and said he and the Board were looking forward to the new strategic direction the appointment will bring.
“AFG is thrilled to have attracted someone of Cameron’s calibre at such a pivotal time for the company,” he said.
“Cameron’s experience within the mortgage market and his significant exposure to warehouse funding presented us with the perfect match in terms of who we were looking for,” he added.
The appointment comes as AFG ramps up its activity in the securitisation market. AFG recently successfully priced a $300 million Residential Mortgage Backed Securities (RMBS) transaction, the second RMBS transaction for AFG this year. The $300 million pool of home loans were originated through the AFG network and are managed by the AFG Home Loans and Securities teams.
“AFG itself has experienced such tremendous growth in the past few years. To be able to help drive the company’s internal home loans division to achieve the same levels of success is something I’m very much looking forward to,” said Cameron.
Cameron holds a Bachelor Degree in Commerce & Arts with honours in Economics and Finance from the University of Melbourne, a Graduate Diploma of Applied Finance and is a Chartered Financial Analyst.
Cameron is relocating from Melbourne to be based in AFG’s Perth head-office this week.