Industry leader Steve Kane joins Loan Market

Former NAB executive of broker distribution Steve Kane has come out of retirement to join Loan Market Group as it welcomes PLAN Australia, Choice and FAST brokers to its expanded business.

Mr Kane spent close to three decades involved in the mortgage broking industry, including most recently as General Manager of Broker Distribution at NAB, was CEO of FAST from 2006-2012 and held executive positions in Commercial and Retail Banking with Bankwest. Mr Kane has also been a director on several subsidiary industry boards and as a Director and President of the MFAA.

Mr Kane announced his retirement at the end of 2020 but recently answered a call from Loan Market Group’s Executive Chairman, Sam White.

He will assume the new role of Head of Integration - People and Strategy, ensuring brokers and network teams are supported through the transition and grow under the new Loan Market Group.

Mr White said: “Steve has a proven track record in improving outcomes for brokers, their customers and relationships with lenders. At a time when brokers have never been busier, he will be a major advantage for the Group.

“Steve’s experience working within NAB’s structure will be invaluable in helping brokers better understand the lender environment so we can do our part to shorten turnaround times across the board - a critical outcome for brokers and their customers, right now.”

Mr White said Mr Kane would have a remit that stretched from the logistics of integration to the cultural alignment, people and business model strategies of the expanded Group. He will also be tasked with leading the Group’s Asset Finance and Commercial strategies.

“Steve understands what we want to offer brokers and customers under the expanded Group. He’ll be an important sounding board for myself and a familiar face for the brokers, especially those who are joining the Group.”

Mr Kane said the decision to come out of retirement was not made lightly.

“I’d been in the industry for almost three decades,” said Mr Kane. “When I retired, I knew it would have to be something significant for me to return to the broking industry.

“When Sam approached me and outlined what he intended to do with the expanded Group, the opportunity to be part of such a significant initiative was too good to pass on. The culture and values of Sam, the executive team and the entire business resonate strongly with me.

“I’ve watched closely what Loan Market has done over recent times, future-proofing its brokers’ businesses and bringing them closer to their customers. 

“I have a detailed understanding of the PLAN, Choice and FAST aggregation business models and the peopl