Resimac operations to stay in New Zealand

by 01 Mar 2019

Resimac senior management is set to step into a bigger role following this week’s departure of general manager Adrienne Church, according to chief executive Scott McWilliam.

McWilliam says Australian-based chief financial officer Jason Azzopardi would have more oversight of the business, but assured the market that the running of its Kiwi operations would not be outsourced to its Australian offices.

"It's important that day-to-day operations are run from New Zealand," he stated. "We absolutely recognise that."

He said that there are "material differences" between the Australian and New Zealand markets, and the operations need to be run locally.

He also praised Church for her role in establishing Resimac’s New Zealand presence, saying that her departure will be a loss to the business and that she was "a great operator".

McWilliam said Church set up a strong team around her, and that her departure has created opportunities for the business. He says the role of non-banks has significant opportunity within the New Zealand market, as main bank lending criteria remains stringent and inaccessible for many potential homebuyers.

McWilliam says he is confident that Resimac can continue to grow its book in New Zealand.

McWilliam attended a session with some of Resimac's top writers while he was in New Zealand, and said that this gave him further confidence the business can grow within this market.


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