Beefing up the mortgage broking business is top of the agenda for National Australia Bank (NAB) with the appointment of a new head.
Matt Lawler will permanently take the job of NAB Broker regional general manager after being caretaker of the role since August.
"This is a definite sign that we are committed to this market we recognise as a young industry that is maturing and will see a lot of growth," Lawler said.
The percentage of mortgage broking income in terms of total revenue for the business is between 35 to 40 per cent, Lawler said. Around 20 per cent of MLC's 1,300 planners advise on mortgage solutions.
Lawler said his first priority was to build stronger relationships with mortgage brokers and advisers by supporting them with services, not just quality NAB, HomeSide and MLC products.
The responsibilities of Lawler's former job as MLC Financial Planning and Third Party business general manager have been split.
Greg Miller, formerly MLC general manager of self-employed licensees, has been promoted to MLC Advice Solutions general manager. He will support quality advice practices within MLC licensees including GPL, Garvan, Apogee and MLC Financial Planning.
Peter Greenaway has been appointed MLC Sales general manager. Greenaway will take MLC investment and insurance products to the market.
Lawler will keep his link with MLC by continuing as GWM Adviser Services director and responsible officer.
"NAB's mortgage broking business will benefit greatly from Matt's depth of experience gained over 20 years working with self employed businesses in the financial planning industry," MLC chief executive officer Steve Tucker said.
