MyState dials up growth

MyState's new CEO Melos Sulicich spelled out five goals at the AGM yesterday.

In first place was the goal of creating a "new organisational structure to provide improved sales management," with "most growth to come from the broker channel."

Sulicich's broking and RAMS background will no doubt help here.

A "recovery in Tasmanian economic fundamentals provides a strong platform for continued improvement in the direct channel," he said, playing to his home market.

Foreshadowing a widening IT spend, Sulicich said a further goal was "investment in new loan originations system to provide a platform for greater service and processing efficiency."

He said "fierce competition resulting in margin" would bug MyState, but there would be a "focus on above system growth supported by disciplined cost and process management."