AFG hires home loans GM
Mortgage aggregator AFG has hired a debt capital markets specialist to help drive its push into securitisation and mortgage management. The former head of risk in debt markets at National Australia Bank, Cameron Smith, has been appointed general manager of AFG Home Loans.Smith was working as a ratings specialist in structured finance at Standard & Poor's before moving to NAB in 2003. He worked in a number of roles there, including asset quality manager, head of securitisation in global capital markets, director of clients' origination and head of risk in debt markets.AFG is originating more of its own loans. It made its entry into the residential mortgage-backed securities market this year with two issues. AFG's managing director, Brett McKeon, said in a media release that Smith would have the job of managing the group's internal home loans division and securitisation activity.