ALLIED Credit is drawing on the expertise of its new leadership team, including a new head of sales distribution, following the company’s expansion of its car finance business.

This expansion includes the recent purchase of the Macquarie Bank dealer floorplan book that is valued between $600 to $700 million and enabled Allied Credit to transition those car dealers across for all their wholesale and retail funding needs.

Part of the expansion of the Allied Credit executive team is the appointment of Mark Fernandez as head of sales distribution.

The sales distribution team consists of 25 relationship and regional leaders that support and manage all the introducer relationships across the country, with physical representation in all major capital cities including North Queensland, Tasmania and South Australia.

Mr Fernandez said: “It’s a fantastic opportunity to lead this diverse group. We pride ourselves on being a dealer centric business/team and will aim to continuously evolve our market leading proposition for our dealers and their customers. Relationships will be at the heart of everything we do.”

Mr Fernandez has worked in the industry throughout his career, in various introducer-facing roles. Prior to joining Allied Credit, he was national manager of dealer, broker and insurance partnerships at Eric Insurance.

Before that he held several senior roles both in sales and operations at Macquarie Group, Nissan Financial Services and ANZ Group/Esanda.

By Neil Dowling