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LMG expands asset finance division

LMG expands asset finance division
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One of the top aggregators has expanded its asset finance team in order to boost broker support.

LMG has announced the expansion of its asset finance team, with the goal of boosting broker support and recruitment. This is reportedly in response to a growing demand for asset finance solutions.

Commenting on the announcement, LMG group executive, asset finance, Tom Caesar, said: “Last year, we set ambitious targets to support brokers in the asset finance aggregation space, particularly through the launch of our asset finance service plans, which provided brokers with tech, marketing, and support resources. This year, we’re focused on delivering on those promises while continuing to grow our asset finance and diversified businesses.”

The former distribution head of growth at Fintelligence, Liz Somers, has joined the team as the head of asset finance. She will reportedly drive growth among brokers.

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Meanwhile, Abigael Shepherd has rejoined LMG, and Michael Marafiote steps into the role of growth manager for Victoria, Tasmania, and South Australia.

Caesar said: “Liz brings extensive experience supporting businesses to grow their asset finance portfolio and will bring immense value to the LMG broker network. Abbie knows our business well and the fact that she’s been a broker herself provides her with a deep understanding of the support our broker partners need.”

LMG head of sales and aggregation, asset finance, Ryan Greaney, is excited for Marafiote to engage with his new position.

“Michael has become a familiar and trusted presence across our broker network, having worked closely with our asset finance businesses over the past two years,” Greaney said. “His background as a broker, coupled with a thorough understanding of our value proposition, makes him uniquely positioned to help new recruits see how LMG can support their business growth,” said Greaney.

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