• Specialist mortgage lender Homeloans Ltd has appointed Scott McWilliam as chief executive officer, replacing Tim Holmes. Holmes, who has also been executive chairman, will now step back to a non-executive chairman role. Holmes said McWilliam "has played a vital role in developing growth strategies and promoting the brand across numerous channels" and was "a fundamental part of the Refund Home Loans acquisition".• Macquarie Bank has absorbed its equipment finance arm, using a scheme of arrangement for the transfer that was cleared by the Federal Court last week. Macquarie Equipment Finance had A$115 million in assets at the time of the transfer, or less than five per cent of the $21.4 billion in assets in the bank's lending and leasing division as at September 2012.