Mr Ganis co-founded Macquarie’s mortgages and securitisation business in the early 1990s and was instrumental in building the mortgage securitisation sector in Australia, YBR said in a statement.
Mr Ganis will play a key role in the finalisation and roll out of YBR’s own self-funding securitisation program, flagged as a key strategic objective by executive chairman Mark Bouris.
He will also be providing an over-arching discipline, coaching and mentorship to the YBR Group leadership team to bring about the key enhancements to the network infrastructure.
Further, YBR said Mr Ganis will serve to enhance the overall efficiency, quality and skill set of the leadership team, which will result in cost reduction, improve revenue and boost profitability.
Mr Bouris said he’s very excited to have Mr Ganis join YBR as CEO.
“We are both great believers in the unrivalled quality of our distribution network, great believers in building lower cost and more efficient structures, and of course we both share the same vision around launching our own securitised product,” he said.
“Frank identifies with the needs and requirements of the distribution network and this is something that will prove to be a real asset to us.
“He understands very well what the network wants, and he will be rolling up his sleeves to work with the franchisees and broker partners to give them what they need to be successful.”
Anonymous don’t be so negative. Give credit where credit is due. This is a top appointment.
I will . Where is it due in the last 5 years ??/
Very little credit due here. Whilst Frank has an abundance of knowledge he is not Father Christmas and YBR have been looking at a saviour now for a long time. It’s been a revolving door at senior level and the word is out so no one worthy or with half a brain will want to take the reins. The last one that just left saw the writing on the wall and was lured to a more cashed up group and the previous one who only lasted 17 months was far too overrated and overpaid. This group appear to be flying by the seat of their pants now..
YBR doesn’t know what it wants to be , a mortgage broker or financial planning firm . Clearly the share price indicates that both are not performing . Mr Bouris , time to say to yourself ” Your Fired !!!!” and get a new executive chairman. How long do the shareholders put up with this ???