Former bank board member joins GFS

Global Financial Services’ has appointed a new board member, which it says will give added drive to the mortgage broker’s transition from a family business to corporate organisation.

Monday, May 16th 2016, 12:16PM

Mike Skilling is a professional director who is currently serving on several New Zealand company boards, including SBS Bank.

In the past, Skilling has been BNZ’s general manager of business and rural banking and PGC Wrightson’s general manager of customer service.

He has worked across retail, private, rural and business banking sectors, as well as with insurance, managed funds and finance companies.

GFS managing director Ajay Kumar said this depth and breadth of experience meant Skilling’s contribution to the governance of GFS will be immense.

“We are very pleased to have him as part of our team.”

Skilling’s appointment follows nine months of intensive organisational development work at GFS, and it will help the company to springboard off this work in the 2016 financial year, Kumar said.

“GFS has grown very fast in the last few years – and that can be difficult to maintain.

“But we want to maintain and improve that growth, to make sure it is not just opportunistic, but sustainable.”

GFS plans to expand its brand and business both geographically and digitally, in a way that will benefit customers, in the coming years.

Skilling said his role will be to help GFS grow in a way befitting the type of service it provides and to move the company to another level as a business.

He will work with existing board member, director and consultant Darrin Franks, to guide GFS in the next stage of its strategic development.

Since its establishment in 1999, GFS has written $4 billion in loans. Over the last year, it wrote approximately $830 million in loans.

GFS also arranges life, medical and personal risk insurance to help customers protect their life and mortgages in unforeseen circumstances.

Skilling said this holistic service approach to consumers was unusual and one of the characteristics of the GFS business that had attracted him.

“Growing GFS is not about improving its service, which is already at a high level, it is about improving its reach.”

Tags: Global Financial Services Lending mortgages

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