Alex.Bank appoints Steve Degetto as Chief Commercial Officer to lead broker channel
Alex Bank, Australia’s newest digital bank, has announced the appointment of Steve Degetto as Chief Commercial Officer, a move set to bolster its broker channel. In this newly created role, Degetto will be responsible for building out Alex Bank’s broker and sales teams, as the bank continues to expand its broker channel.
Degetto brings over 25 years of experience in the banking, insurance and financial services industries to the role. He has previously served as Chief Commercial Officer at Genworth (now Helia) and has held Executive roles at several ASX-listed companies. With a strong focus on intermediary distribution, Steven has specialised in this area for over 15 years at Suncorp Bank, Macquarie Bank, and the Commonwealth Bank of Australia. Prior to joining Alex Bank in this role, he has consulted to Bank for 18 months on sales and distribution, while also serving as joint Managing Director of the multi-award-winning finance broking business, Natloans Group.
Commenting on the appointment, CEO of Alex Bank Simon Beitz said, ‘Steve’s experience and expertise will be instrumental in the growth and success of Alex Bank’s broker business. I’m thrilled to have Steve on board at this pivotal time of growth for Alex Bank.’
On the appointment, Degetto said, ‘I’m excited to join Alex Bank at this stage of its growth and to help build out the broker and sales teams. Alex Bank’s focus on providing a customer experience that prioritises speed and simplicity for brokers and their customers, while being tailored to individual needs is very impressive. I look forward to working with the team to drive continued success.”
Steve’s appointment also follows the announcement of Andrew Peng as State Manager for Broker Partnerships, Victoria as Alex.Bank continues to expand its broker support.
Alex.Bank has accredited over 75% of the lending aggregators in Australia, including AFG, COG Aggregation, Loan Market, and Fintelligence. Alex.Bank’s award-winning Personal Loan, launched in 2020, offers a customer experience that prioritises speed and simplicity while being tailored to individual needs. Powered by their proprietary technology – Alex Intelligence ™, which combines over ~1800 data points in seconds, the loan application process takes only 3-5 minutes.
“The growth we’ve seen in our broker channel has been phenomenal,” said Beitz. “We are excited to continue to expand this channel and to provide brokers with the support they need to help their clients get the right loan for their individual needs.