A senior executive from Macquarie Group, Andrew Hunter, has been appointed chief executive of the Australian Government's export credit agency, Export Finance and Insurance Corporation.Hunter joins the corporation as it prepares for significant change. The Government has introduced legislation to implement the recommendations of a Productivity Commission review of EFIC last year.The Productivity Commission called for EFIC to be overhauled after finding that its business model did not meet its charter, that it did not produce an adequate rate of return, and that its governance processes were weak.The commission was particularly critical of EFIC's preference for dealing with large companies at the expense of small- and medium-sized enterprises. It said large companies had access to other sources of export finance and EFIC should be addressing failures in financial markets that stopped SMEs from engaging in otherwise viable export transactions.A reform bill was passed in the House of Representatives this year, but is unlikely to be passed in the Senate before the election. If it does not pass the Senate it will lapse and have to be re-introduced by the next government.Hunter was most recently co-head of Macquarie Group's financial institutions group in Australia. He has served as head of Macquarie's London office.Hunter succeeds Angus Amour, who has worked at EFIC for 20 years - the last 10 years as chief executive.