BOQ Specialist restructure sees founders become consultants

Bank of Queensland is looking for a new head of BOQ Specialist as a management restructure sees two founders of the specialist lending firm step down from managerial to consultancy positions.

Under their new consulting agreements, head of business Barry Lanesman and co-founder Andre Karney will remain with BOQ Specialist for at least 12 months, with the option to stay longer.

Group executive of BOQ's business bank Brendan White said that, with the business in a strong position, Lanesman and Karney "decided the time was right to take a step back from the day to day management of the business."

While Lanesman (who is looking at options to implement the business model offshore) and Karney will be able to consult elsewhere, appropriate competition restrictions are in place around the markets in which BOQ Specialist does business.

BOQ acquired Investec in July 2014 and renamed it BOQ Specialist.

The business was founded by the duo 25 years ago, providing personal and commercial finance to medical professionals such as doctors, dentists and vets, as well as finance professionals.