New hire has over 15 years' experience
Deposit Power recently appointed a new leader to oversee its sales strategy and distribution channels.
The deposit bond provider provides accredited brokers, lenders and conveyancers with an online system to apply for and have digitally approved and delivered deposit bonds. Deposit bonds are available for property purchases up to $2m, allowing applicants to forgo a typical assessment process and supporting documentation requirements.
As general manager of sales and distribution, Brent Davidson (pictured above) is responsible for leading the deposit bond provider’s sales strategy. This includes evolving existing distribution channels, developing partner relationships and growing market share.
Previously the director of broker distribution at Athena Home Loans, Davidson has held senior roles in the mortgage and financial services industry, including with NAB. With a mortgage broking background, he is experienced in building a successful lending business, and in fintech start-ups.
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Deposit Power chairman Peter Wedgwood said Brent Davidson’s appointment marked an exciting new chapter for the organisation.
“Brent brings to Deposit Power a wealth of over 15 years’ experience within the mortgage and finance industries, and we look forward to working with him as we grow our market presence.”
Commenting on his appointment, Davidson said the market potential of the Deposit Power product was compelling and that he was excited to lead the company’s growth strategy.
“I look forward to working closely with the team and with our key stakeholders as we continue to build the Deposit Power brand,” Davidson said.
Brent Davidson joined Deposit Power in November.
