Nick Cunningham has been appointed as the Australian head of distribution at Elantis Premium Funding, formerly Lumley Finance.

Cunningham joins Elantis from NAB Wealth, where he was head of personal wealth for two years, and a state and practice manager for a total of six years.

He brings with him an extensive business development and sales management track record. He will report to CEO Jurgen Rammesmayer.

Rammesmayer said: "Nick's track record, strategic insights and sales disciplines will be an ideal complement to the strengths of our existing distribution team.

"In line with our brand promise, Nick will bring energy, a fresh approach and new perspectives to our business and industry sector."

Cunningham commences on the 5th of August and will be based in Sydney. Meanwhile, Ross Clarke continues to lead the Elantis team in New Zealand.

Lumley Finance rebranded as Elantis Premium Funding last month.