Steadfast lands mortgage insurer’s CFO

Steadfast lands mortgage insurer’s CFO | Insurance Business

Steadfast lands mortgage insurer’s CFO

Broking cluster group Steadfast has added to the team which will steer it into a public listing next year by appointing the CFO of a lenders mortgage insurer.

Anne O’Driscoll, the CFO of lenders mortgage insurer Genworth, will quit the company this week for Steadfast, according to the Australian Financial Review.

O’Driscoll will have responsibility for organising Steadfast’s listing which is planned for July 2013.

A spokesperson for Genworth insisted O’Driscoll’s move would not jeopardise preparations for the company’s float in the second half of 2013.

O’Driscoll was considered one of the key figures in Genworth’s planned $800 million initial public offering in Australia, but will form part of Steadfast’s listing charge now instead.