Briefs: Pioneer loses CFO, Unity CEO retires, 86 400 distribution agreement, MoneyMe results

Banking Day staff
  • Pioneer Credit's chief financial officer Leslie Crockett has finished up at the embattled debt buyer. The company announced that Crockett had planned to step down at the completion of a scheme of arrangement with The Carlyle Group but requested that his departure be brought forward. The Carlyle deal has been subject to delays. Crockett worked at Pioneer for seven years.
  • Mark Genovese, CEO of Unity Bank, will step down at the end of the month after 17 years in the role.
  • Neobank 86 400 has signed a distribution agreement with mortgage broker Buyers Choice. Since launching a home loan product for brokers last November, 86 400 has also signed with Vow Financial and Specialist Finance Group. The bank's selling point is a fully digital offering, including electronic verification of identity and electronic signatures.
  • MoneyMe said that, at the end of the March 2020, the group achieved its FY20 prospectus forecast revenue of A$45.8 million. The fintech says it has low exposure to retail customers but high exposure to borrowers eligible for the Government's JobKeeper payment, and has net operating cash flows and ample reserves.