Media Release: MoneyQuest announces major coup in new CEO

By MoneyQuest
In Media

Industry veteran Michael Russell appointed to spearhead brand expansion

National financial services provider, MoneyQuest is delighted to announce the appointment of Michael Russell as its new CEO and Managing Director.

Prior to joining MoneyQuest, Michael was CEO of Mortgage Choice Limited for 6 years during which time the business underwent significant transformation culminating in a 20% lift in franchise numbers, a 33% lift in monthly settlements and a $200 million increase in enterprise value.

Prior to Mortgage Choice, Michael was CEO of leading mortgage aggregator Choice Aggregation Services, jointly founded by Ross Begley the founder of MoneyQuest.

Ross said “I’m excited to be working with Michael again as we look to build a fresh and innovative challenger brand in the retail financial services sector.

In 2007 I saw an opportunity to build MoneyQuest to provide a better service experience for consumers and a more strategically aligned proposition for mortgage brokers. In the past 8 years, we have invested heavily in technology to increase the productivity of our members and enhance the experience for our customers. With Michael coming on board, both our customer and member propositions will be taken to even greater heights.”

Michael agrees “It’s great to be working with Ross again, in an industry that we are both so passionate about.

Ross and I share a consumer vision for MoneyQuest that will see the bar raised in the provision of retail financial services in Australia and this starts with building a best of breed service proposition for our members. I’ve been privileged to lead two outstanding organisations in the past 15 years and now intend to build a very contrarian business model for our members.

Elite business coaching, superior process efficiencies, an enterprise wide customer contact solution, digital and social media management and leads from our subsidiary business ratesonline.com.au,  will all form the cornerstone of our new business model, that will by its very design be contrarian to all of our competitors.

We have one goal in mind when it comes to our members and that is to deliver to them unimaginable growth via a range of specialist resources previously unseen in the industry.

In recent months, I have been coaching a number of mortgage broking businesses with the sole aim of delivering them a return on equity more akin to their true capacity. The unbridled joy when the clouds part and business owners are able to see the true potential of their business is what keeps me returning to this industry.

By and large, best intentioned mortgage brokers are spinning their wheels searching for a solution to deliver a step change to their business. In response, MoneyQuest will very soon be providing a level of business coaching without peer in the industry that will empower our members with the confidence needed to significantly expand their businesses. In turn, these businesses will increase their capacity to provide exceptional value to even more customers”.

Since 2009, MoneyQuest has been under the leadership of Managing Director, Julian Mattatia, (founder of ratesonline.com.au). Julian has spearheaded the delivery of a range of smart technology solutions to the business and enabled its 50 members to benefit from its operating efficiencies.

“Michael has an exciting vision for the business and I am very much looking forward to working with him in the capacity as Head of Sales & Marketing” said Julian.

For more information, call 1300 886 100 or visit www.moneyquest.com.au.

For further information or to arrange an interview, please contact:

Jen Holst
03 8370 2317

Michael Russell


About MoneyQuest

MoneyQuest is a leading mortgage brokering business operating through a network of advisors Australia‐wide. Established in 2007, MoneyQuest was founded with a clear goal ‐ to make property ownership easy and rewarding for everyday Australians.

Since then, our growing team of brokers has helped thousands of families and investors build their financial future ‐ from first home ownership right through to retirement.

MoneyQuest Australia Pty. Ltd. is an authorised credit representative (CR Number 396857) of Ratesonline.com.au Pty Ltd (Australian Credit License No. 384404).

Visit www.moneyquest.com.au or call customer service on 1300 886 100.

If you’re looking for a loan expert, you need to find someone you can rely on. Someone with experience and integrity. Someone who has your best interests at heart.