He is tasked to lead its newly launched asset finance division
Sydney-based brokerage Kanebridge Finance has appointed Mark Donovan (pictured above) as the head of its newly launched asset finance division.
Donovan, a former business banker at National Australia Bank (NAB), brings over 40 years of experience in the banking sector, with 25 of those years spent in senior roles at NAB.
During his tenure at NAB, Donovan was recognised multiple times for his exceptional performance as a business banker in New South Wales. He developed a diverse portfolio of clients, serving industries such as packaging manufacturing, crane and tower operations, and construction. Over the years, he has managed over $650 million in lending across Australia, showcasing his expertise and broad impact in the financial sector.
Donovan’s appointment comes as Kanebridge Finance continues to expand its services. The brokerage, known previously as Kanebridge Capital, has a significant track record, having settled over $2 billion in construction loans and mortgages.
The introduction of the asset finance division aligns with the company’s growth under the new leadership of managing director Jon Gawley and head of finance Rebecca Somerville, both of whom are also experienced former bankers. The division will cater to the increasing market demand for asset financing, providing loans across a broad spectrum, including commercial and healthcare equipment finance.
Donovan’s role will involve leading the division’s strategic direction and expansion, leveraging his extensive industry experience.
“The expansion forms part of the broader growth of Kanebridge finance, and with Mark at the helm, our clients can benefit from his experience, passion and skills in leading the right team,” Gawley said. “We felt this is a right fit to further expand our services for our clients, who are mainly in the property development, construction and commercial industries.
“For a career banker this accomplished to farewell a senior role and lead this new division speaks volumes about Mark’s belief in Kanebridge Finance’s growth aspirations.”
Commenting on his appointment, Donovan stated he was excited to play an integral role in the Kanebridge Finance expansion.
“Kanebridge Finance is an award-winning brokerage that places trust, expertise and innovation at their core, and I’m proud to embark on the next journey with them,” he said. “With its 25-year legacy, it is a well-known brand within the broker industry, and I have a high degree of trust in Jon, Rebecca, and the entire team to achieve excellent business growth and results for borrowers.”
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