Brisbane-based non-bank lender Firstmac has announced the appointment of Craig Parker (pictured above) as an independent director.
Parker was a senior executive at Westpac, where he was responsible for the bank's global structured finance and securitisation activities for more than 17 years.
Kim Cannon, Firstmac managing director, said Parker would bring unmatched experience in asset securitisation markets to the board.
Parker “has played a central role at Westpac, a leader in the securitisation and structured finance market across Australia and New Zealand in all major asset classes including residential mortgages and auto loans,” Cannon said.
“We look forward to having his expertise on the Firstmac board, as we continue to expand our highly successful asset securitisation program, which has been a pillar of our business success,” Cannon said.
Parker said he was pleased to be joining the Firstmac board after working closely with the non-bank during his time at Westpac.
“I am delighted to join the Firstmac board,” he said. “I have worked with the Firstmac for over 15 years [and] have always been impressed with their professionalism, focus on great customer outcomes, and entrepreneurial acumen.”
Parker recently retired from Westpac after 41 years. Prior to leading Westpac’s global structured finance and securitisation activities, he led client relationship management and corporate Finance teams in Australia and Hong Kong.
Parker holds a BA (economics), B.Ec (accounting and finance) and an MBA from Macquarie University, Sydney. He is also a CPA. Parker was recently inducted as a fellow of the Australian Securitisation Forum in recognition for his contribution to the securitisation industry.
Parker currently serves as a director of Forsight Australia, a disability accommodation and services organisation, and as chair of the Finance Committee. He was until recently a member of the Investment Committee of the Cancer Council NSW for nine years.
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