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Luke Jackson to lead Resimac NZ

Luke Jackson, the former CEO of Southern Cross Financial, has been appointed to lead Resimac's New Zealand business.

Tuesday, May 7th 2019, 10:58AM

Luke Jackson

Jackson told TMM Online he was "enthusiastic for new business" from advisers and would look to build on Resimac's regional presence across New Zealand.

Jackson said there were "huge opportunities for non-banks and we want our fair share of that". Jackson is open to further hires within the business, including BDM roles across the country.

One of the biggest changes for Resimac will be an increased focus on credit decisions in New Zealand. Jackson said this would provide the NZ operation with "more autonomy".

The hire comes after TMM Online revealed Jackson had left Southern Cross, after building the peer-to-peer lender's nationwide presence between 2015 and 2019. 

He is a direct replacement for Adrienne Church, Resimac's former NZ figurehead, who left earlier this year to join online lender Prospa. Jackson started in his role this week. 

In a statement, Resimac said Jackson would help to "drive the company’s ambitious nationwide growth strategy". 

Before joining Southern Cross, Jackson held roles with BNZ and ASB. 

Resimac CEO Scott McWilliam praised his new hire, and said Jackson’s "deep knowledge of the New Zealand mortgage market and lending experience made him well qualified for the position".

McWilliam added: “We are delighted to welcome Luke to the organisation. He is a respected leader in the financial services industry in New Zealand with the perfect skill-set to leverage Resimac’s growth in New Zealand and lead it through the next phase.”

The hire comes at a crucial time for Resimac as it competes with a host of non-bank rivals to win customers that have been turned away from the banks. Resimac recently slashed mortgage rates across the board in an effort to lure high quality borrowers. 

Jackson added: "There will be plenty of market share for us and it's all about capturing a good chunk of that. We want to get the message out there to advisers that we have got money to lend," he said.

 

Tags: RESIMAC

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Lender Flt 1yr 2yr 3yr
ANZ 5.69 4.35 4.35 4.55
ANZ Special - 3.85 3.85 4.05
ASB Bank 5.70 4.29 4.35 4.55
ASB Bank Special - 3.89 3.85 4.05
BNZ - Classic - 3.85 3.85 4.05
BNZ - Mortgage One 6.40 - - -
BNZ - Rapid Repay 5.85 - - -
BNZ - Std, FlyBuys 5.80 4.69 4.59 4.79
BNZ - TotalMoney 5.80 - - -
Credit Union Auckland 5.95 - - -
Credit Union Baywide 6.15 4.95 4.95 -
Lender Flt 1yr 2yr 3yr
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
Finance Direct - - - -
First Credit Union 5.85 - - -
Heartland 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
Heretaunga Building Society 5.75 4.60 4.75 -
Housing NZ Corp 5.80 4.69 4.49 4.45
HSBC Premier 5.89 3.79 3.79 3.89
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
Lender Flt 1yr 2yr 3yr
ICBC 5.65 3.85 3.95 3.89
Kiwibank 5.80 4.60 ▼4.60 ▼4.74
Kiwibank - Capped - - - -
Kiwibank - Offset 5.65 - - -
Kiwibank Special - 3.85 ▼3.85 ▼3.99
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 6.10 4.89 4.99 -
Resimac 5.30 4.86 4.14 4.19
RESIMAC Special - - - -
SBS Bank 5.79 4.85 5.05 5.49
Lender Flt 1yr 2yr 3yr
SBS Bank Special - 3.85 3.85 3.99
Sovereign 5.80 4.29 4.35 4.55
Sovereign Special - 3.89 3.85 4.05
The Co-operative Bank - Owner Occ 5.65 3.89 3.89 4.05
The Co-operative Bank - Standard 5.65 4.39 4.39 4.55
TSB Bank 5.69 4.45 4.35 4.55
TSB Special - 3.95 3.85 4.05
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.79 4.69 4.79 5.19
Westpac - Offset 5.79 - - -
Westpac Special - 3.85 3.85 4.05
Median 5.80 4.35 4.35 4.19

Last updated: 15 July 2019 9:47am

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