Briefs: Judo hits A9 billion mark, new FINSIA director, Butn CFO quits

Banking Day staff
  • Judo Bank has achieved one of its key goals, growing its loan book to A$9 billion. The company said June was a record month, with $478 million of growth in gross loans and advances. Total GLAs hit $8.9 billion and the bank has undrawn lines of $241 million on which it derives fee income. Judo chief executive Joseph Healy said in a statement that it has $1.5 billion of applications in its pipeline.
  • Australian Banking Association deputy chief executive Vanessa Beggs has joined the board of FINSIA. Beggs spent 16 years at Commonwealth Bank, where her roles included head of property strategy and general manager organisational development and innovation initiatives. She joined the ABA in 2019 as chief operating officer and was appointed deputy CEO this year.
  • The chief financial officer of SME finance company Butn, Darryl Lasnitzki, has resigned after working at the company for three years. In the six months to December, Butn originated $214 million of finance, an increase of 68 per cent over the previous corresponding period. It finished the half with receivables of $75.5 million. It made a loss of $2.9 million.