Premium Funding Pty Ltd (Premium Funding) and Principal Finance Pty Ltd (Principal Finance) have appointed Bob Dodd as their new commercial director a few months after their merger announcement.
Dodd has more than 20 years of experience in the Australian premium funding industry and has been responsible for five mergers and acquisitions during that period. Most recently, he was the head of premium funding at BOQ Finance. He also held top-level executive roles with Centrepoint Alliance and GE Capital.
In the newly created role effective on July 01, Dodd will be responsible for driving key partnerships and collaborating on strategic plan development and execution.
Commenting on his appointment, Dodd said: “I’m looking forward to being a part of this newly merged team, focused on delivering high-quality funding solutions to help our broker partners and their clients grow. I’m really pleased to be joining at such an exciting time for the business.”
In early 2021, Premium Funding and Principal Finance announced that they will join forces under a new ownership arrangement – making the combined company Australia's largest independent funder, with plans to grow further.
Premium Funding and Principal Finance continue to operate separately under their respective names. They offered assurances that it will be business as usual for all involved, without service, system, or operational changes affecting brokers and clients.
The combined company plans to announce further developments in the merger, including new brand identity, in due course.
