Briefs: New Credit Clear CEO, MyState focuses on broker network, Afterpay ad complaint dismissed

Banking Day staff
  • Receivables management “solutions provider” Credit Clear has promoted its group general manager strategy and technology, David Hentschke, to the role of chief executive. Hentschke’s previous jobs include head of strategy and corporate development at PEXA. Former CEO Brenton Glaister is staying with the company, which was listed on the ASX last October, and will take on the role of managing director Credit Solutions, a debt collection agency that Credit Clear acquired in 2019.

 

  • MyState Bank has appointed Blake Albones to the role of head of home lending distribution. MyState is keen to expand in the broker channel and Albones will be responsible for servicing the bank’s broker network. He was most recently chief executive of RateOne Financial Services and previously headed NAB Broker in Victoria and Tasmania.

 

  • Ad Standards Australia has rejected a complaint about an Afterpay ad campaign, featuring actor Rebel Wilson explaining the “benefits” of buy now pay later to a young girl, saying the ad complies with its standards. Financial Counselling Australia said the inclusion of the scene with the young girl was “disturbing” and the campaign sought to minimise the risk of using a credit product. Afterpay said in a statement that the ad was intended “to spread awareness of the benefits of Afterpay by explaining key features in a light-hearted and relatable way” and that it has strict controls in place to ensure that only consumers who are 18 and over can use its product.