Briefs: QuickFee chair heads for exit, Butn tops up funding 10 October 2022 6:07AM Banking Day staff Briefs, Appointments, Corporate bonds, Business lending Barry Lewin, the executive chair of loss-making specialist lender QuickFee, will retire next month. He has been the chair since 2019, when the company had its initial public offering and listed on the ASX. Lewin’s departure comes soon after the departure of chief executive Eric Lookhoff, who resigned in August after a little over a year in the job. Lewin will be succeeded as executive chair by Dale Smorgon. Small business finance company Butn has topped up its funding with the issue of an A$11.4 million corporate bond, which takes its annual origination capacity to $68 million. Under the terms of 2022-1 bond, Butn will pay a margin of 700 basis points over the three-month bank bill swap rate (currently a little over 3 per cent) on $10.2 million of Class A notes and a margin of 10.2 per cent on the balance. The bonds mature in October 2026.