Briefs: DirectMoney reports a strong quarter, Lorimer to join BOQ board, former ANZ employee drops a
Marketplace lender DirectMoney wrote A$3.2 million of loans in the December quarter - a 127 per cent increase over the September quarter. At the end of December the company had $8.5 million of loans to 491 borrowers. The company said it was working with 224 brokers. John Lorimer will join the board of Bank of Queensland, adding a director with wider international banking experience. Lorimer headed Citi's Asia Pacific regional cards business from Sydney during the 1990s. He then managed risk and compliance for the cards division of Standard Chartered Bank in London from 2000 to 2008. Now a professional director, Lorimer serves on the board of health insurer Bupa Worldwide and also the board of Aberdeen New Dawn Investment Trust. A bellicose, if business as usual, approach by ANZ to countering the much publicised "traders" case launched last month has succeeded in chasing one of two plaintiffs away. ANZ on Friday said its former employee Patrick O'Connor had decided to discontinue his legal action against ANZ. O'Connor said he decided to withdraw the claim because of the financial and emotional strain it would have placed on his family. ANZ said it would make no payment to O'Connor, while parties will meet their own legal costs.