Aussie Home Loans has appointed Mr Stephen Porges as its Chief Executive Officer, effective on August 11, 2008.

Founder of Aussie, Mr John Symond, will continue to be Executive Chairman and oversee strategic growth for the business, as well as continuing as marketplace and industry spokesperson.

Mr Symond said “Aussie will continue to heighten our market presence, build our distribution capabilities and launch additional products, as well as to take advantage of growth opportunities presented by current market challenges”.

Mr Porges has a long history in financial services, with his most recent role being CEO of Newcastle Permanent Building Society, where his responsibilities included retail banking, consumer lending and third party mortgage distribution. Over the last 20 years he has run various financial services businesses, including stockbroking and investment banking for global financial institutions like HSBC and ANZ, both here and abroad.

Mr Symond said “Stephen brings a proven track record of strategic business acumen to grow our business.  He is a strong leader, committed to galvanising our team to achieve the goals of the organisation, including our expansion into a range of other financial services and products”.

Mr Porges said “Aussie is a major icon and stand-out brand in the Australian financial services sector and I am excited to be taking on this senior management role at a time of great opportunity in the financial services market.

“I am excited about Aussie’s future as its unique customer offering places us in a strong position to deliver true choice in an ever changing market”, he concluded.