Allied Credit appoints Chief Risk Officer

Fast-growing Allied Credit has appointed long standing auto finance industry professional David Hannah as Chief Risk Officer.

Mr Hannah has a strong background in independent and captive automotive finance, broker asset finance aggregation and automotive distribution, after starting his business career in the accountancy profession.

He comes to Allied Credit from ASX-listed McMillan Shakespeare where he was Group Executive for Aggregation for more than four years. Prior to that he was with ANZ Banking Group for four years and before that was with Esanda for more than six years.

Mr Hannah came to Australia in 2005 as Managing Director of BMW Financial Services Australia following 12 years with BMW Group in the UK, latterly as Commercial Director at the car-maker’s UK finance division.

He said the impetus to join the team at Allied Credit was his love of the auto finance business and the reciprocated enjoyment by the Allied team.

“The simple fact is that we all love the business we’re in and really like dealing with dealers and OEMs, who we see as our partners,” he said.

“We’re really good at financing cars, bikes and marine equipment and really get the dealer psyche. Because at the end of the day, in our industry, there’s always a dealer …and we will only be successful if we have great relationships with dealers and their OEMs.”

Mr Hannah said he was attracted to taking on the Chief Risk Officer role with Allied Credit as it provides him with the opportunity to utilise his extensive industry experience to apply good risk and compliance practices in a pragmatic way that helps dealers and OEMs achieve their objectives.

“So, it was very exciting for me to get this terrific opportunity at this stage of my career.”

Allied Credit CEO, Jon Moodie, said “We are thrilled to have someone with David’s experience and pedigree in such an important role. David has a deep understanding of our partners as well as the risk framework we operate in, so he is perfectly placed to help the business grow safely.”

By Neil Dowling

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