Prior to its re-entry into the Australian housing market, Virgin Money Australia (VMA) has named Greg Boyle as the lender’s new chief executive officer.
Boyle served in senior roles, including general manager commercial and strategy director at the Virgin Money, for the past six years. He was also with Virgin Group for five years and oversaw its global portfolio of companies.
Virgin Money’s parent company, BoQ, is also set to restructure, putting VMA into its retail banking business. This is headed by group executive Matt Baxby, who was VMA’s three-year chief executive prior to joining BoQ in 2012.
“Virgin Money is a globally recognised brand that attracts unique customer segments compared to many traditional finance firms, and this presents an enormous opportunity in Australia,” Baxby said.
“Greg has distinctive industry and company knowledge and skills that will be invaluable in leading Virgin Money to its next stage of growth.”
Boyle, meanwhile, said his “targets within the next 12 months include offering Virgin Money-branded mortgages and revamping our superannuation offering”.