AMP Bank has appointed Melissa Christy as head of lending operations and client assist. Christy is the former head of home lending at 86 400, where she launched the bank’s mortgage business. She joins as AMP Bank is transforming its home lending business into a “technology-enabled, service-led business.” Christy has also previously held executive roles at Virgin Money, St George Bank and Westpac. Commonwealth Bank is hoping to attract residential property investors, cutting its investment variable rates by 40 basis points. The rate for investment loans with loan-to-valuation ratios below 70 per cent has dropped from 2.89 per cent to 2.49 per cent, while the rate for investment loans with LVRs between 70 and 80 per cent has dropped from 2.99 per cent to 2.59 per cent. CBA also raised owner occupier fixed rates, with four and five-year rates up by 20 bps.