David Hart, chief executive of New Zealand's largest mortgage broking group Loan Market, has resigned from the role.
Hart is reportedly stepping down for personal reasons.
He has overseen the group during a period of change, including its merger with Allied Kiwi and the creation of NZ Financial Services Group, which is one of the biggest advisory groups in the country with more than 500 broker members.
Hart, who is a shareholder in Loan Market and NZFS Group, has been at the helm for almost four years.
Hart could not be contacted for comment yesterday evening. Allied Kiwi chief executive Brendon Smith also did not return messages.
An industry source said there was not believed to be any ill will behind the move. “He’ll be missed, he’s been huge for Loan Market.”
His resignation comes just before the company holds its annual conference - this year in Fiji.
Loan Market is majority owned by Ray White Real Estate.
