Briefs: AFCA appoints counsel, FlexiGroup prices ABS

Banking Day staff
  • The Australian Financial Complaints Authority has appointed Anna Campbell to the newly created role of general counsel. She joins from ASX Ltd, where she was general manager of enterprise compliance. She had previously worked as deputy general counsel at ASX.
  • FlexiGroup has completed a A$265 million issue of asset-backed securities, supported by a pool of unsecured consumer receivables originated under its buy now pay later brand humm. It is the second ABS transaction for FlexiGroup bringing total funds raised to $565 million. Pricing ranged from 90 basis points over the one-month bank bill swap rate for the A1 notes, which are rated AAA, to 460 bps for the E notes (rated BB+).