Bankwest to streamline brokers
(30 June 2010 – Australia) Bankwest’s head of business and private banking, Mark Reid, has announced that the bank is launching a new internal business broker channel in an effort to streamline its third party operations.
The bank has said that the new internal ‘broker channel’ will focus on the writing and construction of deals acquired through quality business brokers.
Bankwest’s head of business and private banking Mark Reid told The Adviser that as a result of the changes, business banking brokers would only have one contact within the bank.
This means they will have to spend less time chasing the bank and can go to the one contact to find out exactly how a loan is progressing, Mr Reid continued.
Bankwest wants to ease the broker/bank process and putting this structure in place will help us do just that. It will also serve to strengthen the relationships Bankwest has with its brokers, the head of business highlighted.
The new internal ‘broker channel’ will be responsible for the origination of all new broker-introduced business loans from September 30, including business banking, rural and regional, and commercial banking, Mr Reid added.
Bankwest said that in an effort to strengthen the strategy the bank would be appointing a head of broker sales and head of origination over the coming days.
Bankwest’s head of business and private banking Mark Reid told The Adviser that as a result of the changes, business banking brokers would only have one contact within the bank.
This means they will have to spend less time chasing the bank and can go to the one contact to find out exactly how a loan is progressing, Mr Reid continued.
Bankwest wants to ease the broker/bank process and putting this structure in place will help us do just that. It will also serve to strengthen the relationships Bankwest has with its brokers, the head of business highlighted.
The new internal ‘broker channel’ will be responsible for the origination of all new broker-introduced business loans from September 30, including business banking, rural and regional, and commercial banking, Mr Reid added.
Bankwest said that in an effort to strengthen the strategy the bank would be appointing a head of broker sales and head of origination over the coming days.
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