Briefs: AFCA CEO reappointed, TicToc completes buyback, new CBA head of private debt markets 14 April 2023 5:41AM Banking Day staff Briefs, Ombudsman services, Appointments, Consumer lending, IT systems, CBA The board of the Australian Financial Complaints Authority has reappointed chief executive and chief ombudsman David Locke for a second five-year term. Locke was AFCA’s inaugural CEO, leading it to its launch in 2018. He moved from England to Australia in 2011 to work on the establishment of the Australian Charities and Not-for-Profits Commission. Before that he worked in community legal centres in London and the Charity Commission of England and Wales. Lending technology provider and loan originator Tic:Toc has completed a A$6 million share buyback. The buyback follows a $24 million capital raising led by one of the company’s strategic investors, IAG Firemark Ventures. As part of that transaction, Tic:Toc bought back the $6 million of shares at the same price as the capital raising to provide liquidity to some of the company’s investors, including employees. Following the capital raising, the company is valued at $254 million. Commonwealth Bank has appointed Charles Perrignon as its head of private debt markets, in the capital markets and syndications team. He will work with institutional private debt investors and head US private placement operations. Perrignon spent the past eight years as CBA’s executive director natural resources.