AFG founding director Kevin Matthews to retire
Australian Finance Group (ASX: AFG) today announced co-founder Kevin Matthews will retire from his position as a Non-Executive Director after more than 25 years with the business. Mr Matthews will leave the AFG board effective Monday 28th October 2019. Mr Matthews founded AFG with Brett McKeon, Malcolm Watkins and the late Brad McGougan in 1994 and […]
RBA cash rate decreased at 0.75%
For the 3rd time in five months the Reserve Bank of Australia has decided to reduce the official cash rate, this time to 0.75%, in a concentrated effort to boost the economy. In making the decision to lower rates again the RBA has strongly reinforced its focus on supporting employment growth and boosting household consumption […]
RBA cash rate unchanged at 1%
The RBA has decided to leave the official cash rate unchanged at 1% as it continues to assess the impact of its June and July cuts. In making this decision not to drop rates again the RBA will have considered emerging evidence of an improving housing market, supported by strong auction clearance rates in Sydney […]
AFG appoints General Manager AFG Securities
After an extensive search, AFG has appointed well known industry figure Damian Percy to the role of General Manager AFG Securities. AFG CEO David Bailey announced the appointment to staff today. “The AFG Securities loan book is now at $2.06 billion and reflecting the importance of this part of our business, we have created a […]
AFG welcomes regulatory clarity
AFG today welcomed the certainty provided for the mortgage broking sector by the Australian Government’s Royal Commission Implementation Roadmap. In setting out details for the way forward for the financial services sector post-Royal Commission, the Government confirmed significant work undertaken to put customers first had mortgage brokers well positioned. The draft National Consumer Credit Protection […]
AFG’s diversification strategy drives resilient FY19 performance
Australian Finance Group (ASX:AFG) has delivered a solid full-year profit, with its earnings diversification strategy mitigating challenging regulatory and economic conditions. AFG has today delivered an annual underlying profit of $28.56 million up 1.8% for the 12 months to 30 June 2019. For the first time, more than half of AFG’s gross margin was generated […]
Bringing Harvard Education to AFG Brokers
The prestigious AFG Academy has wrapped up for 2019, delivering a 3-day once in a lifetime opportunity for over 70 AFG brokers. Run by current and former Harvard professors, David Collis and Walter Kuemmerle, AFG Academy offers our brokers an opportunity to build strategic and practical skills across market, competition and business development. Condensing a […]
AFG Masterclass and Broker Excellence Awards 2019
We’ve wrapped up an amazing series of AFG Masterclasses for 2019! Covering five states AFG Masterclass 2019 delivered a range of presentations and keynotes designed to help AFG brokers prepare their businesses for the future. The AFG team delivered a range of updates covering the political landscape, compliance and regulation, residential finance, business finance, industry […]
2019 SA Broker Excellence Awards
Thank you to everyone who attended the SA Awards function! Congratulations to all our award finalists and winners in each category for 2019. Well done on all your hard work, and we look forward to another successful year together. See below for full coverage of finalists and winners from the event! SA Broker Group […]
2019 Queensland Broker Excellence Awards
Thank you to everyone who attended the Queensland Broker Excellence Awards function! Congratulations to all our award finalists and winners in each category for 2019. Well done on all your hard work, and we look forward to another successful year together. See below for full coverage of finalists, winners and photos from the event! […]
