18 July 2011
Yellow Brick Road Holdings Limited ("Yellow Brick Road") (ASX:YBR) has announced the appointment of several executive positions as the company enters into a strategic alliance with the Nine Entertainment group of companies ("Nine"). The strategic alliance with Nine remains subject to a number of conditions as set out in Yellow Brick Road's ASX announcement dated 15 July 2011.
YBR Group has appointed Matt Lawler as Chief Executive Officer for the company. Lawler brings over two decades of experience in the financial services industry to Yellow Brick Road and will utilise his expertise in advice and distribution in banking and wealth management to facilitate the company’s rapid growth plans. Lawler most recently held the position of Executive General Manager for NAB Broker where he was responsible for reigniting NAB's participation in the mortgage broker market. Previously Lawler held senior positions at MLC which included leading a network of over 1,500 licensed Financial Planners. He has also served as Director for the Financial Planning Association (FPA) and the Mortgage and Finance Association of Australia (MFAA).
“Yellow Brick Road has been turning heads since its inception and it has the potential to redefine financial services in this country,” says Lawler. “At a time when advice is becoming increasingly vital to Australians, I look forward to working with the team to optimise the company’s strategy and execution in an effort to give consumers the choice, advice and education they need to make the right decisions for their future,” says Lawler.
“The addition of Matt Lawler to the Yellow Brick Road team is a strategic decision at a crucial time in both the company’s history and this country’s current economic climate,” says Bouris. “Matt’s experience is unique in this industry and his track record extends across banking, wealth management and financial advice which delivers a new layer of expertise to our business. Matt will deliver the know-how and our partnership with Nine Entertainment will deliver the exposure to bring the best in financial services to the Australian consumer.”
Working with Lawler will be Yellow Brick Road’s Group Executive Committee, which is comprised of the company’s senior management team. Mark Bouris will act as Chair of the Group Executive Committee, which will include Lawler as Chief Executive Officer, Brad Seymour as Head of Retail, Richard Shaw as Chief Financial Officer, Bryn Nicholson as Chief Information Officer, James Garnsey as Head of Accounting and a soon to be appointed Head of Risk and Compliance.
“Yellow Brick Road’s Group Executive Committee encompasses some of the most talented people in the financial services sector,” says Bouris. “We’ve built an executive team that has delivered exceptional results for this company and together we will work to lead the industry in service, innovation and accessibility.”
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