MyState Bank bolsters broker support as it aims to be the ‘broker’s bank of choice’

MyState Bank continues to strengthen its capability to support the broker channel, appointing Broker Relationship Managers Ron Galvan and Tony Stiles to further enhance its relationship with brokers in NSW, Victoria, and the ACT. 

The appointments come after MyState Bank hired experienced industry executives Huw Bough and Blake Albones to support its ongoing expansion into the independent broker channel across Australia, earlier this year.

Mr Galvan joins MyState Bank with more than 14 years of experience in mortgage broking, business development and financial planning. Most recently Mr Galvan served as Business Development Manager of St. George Bank’s SME Business Banking segment, following earlier stints at Pepper Financial Services, Virgin Money and NAB.

Mr Stiles joins MyState Bank with more than 35 years of industry experience across retail banking, business banking, and mortgage broking. Mr Stiles most recently served as Senior Mortgage broker at boutique financial services provider Invictus Finance Solutions. Previously he served for more than 20 years at NAB, across various roles including Senior Business Banking Manager. 

MyState Bank Head of Lending Distribution Blake Albones said the appointments would serve to strengthen the bank’s relationship with brokers across the nation. 

“We’re extremely pleased to welcome Ron and Tony to the MyState Bank team,” Mr Albones said. 

“Our bank is on a journey to be the leading bank in Tasmania and fastest growing lender right across Australia, and by adding exceptional talent like Ron and Tony to our team, we are providing brokers with more reasons to be excited to partner with MyState Bank.”

Mr Albones added that the broker channel is crucial to MyState Bank’s plans to grow its national footprint over the next half a decade and the focus on providing brokers with faster turnaround times remains a key element of the bank’s strategy.

“In the last five years we have increased our loan book by 43%, and a significant proportion of that business has been brought to us through the broker channel. Last financial year, more than 80% of MyState Bank home loans were facilitated by brokers,” Mr Albones said. 

To assist with this increase in demand, over the past six months, MyState Bank has more than doubled the size of its BDM team in the Eastern states from six to 13, to communicate with more brokers and increase the number of home loans originated through the broker channel.

“Brokers are absolutely critical to our plans to broaden the bank’s footprint across the nation, and brokers love MyState Bank, these appointments are designed to strengthen our renowned broker service proposition and add to the fantastic experience more and more brokers are discovering from MyState Bank, including our market leading loan approval turnaround times,” Mr Albones added.