Household Capital adds two C-suite execs to its growing team
27 May 2020:
Household Capital, an independent, specialist retirement funding provider today announced it has further expanded its team. On the back of strong growth and following the recent appointment of a Customer Operations Manager, Household Capital has added two specialists in operations and risk management.
Luke Rattigan has been appointed to the newly created role of Chief Operating Officer, with a primary focus to scale the business for further growth. He will be responsible for ensuring the right processes, people and planning are in place as Household Capital looks to grow and launch new services to help Australia’s retirees access the retirement funding they need for a comfortable lifestyle.
Luke joins Household Capital from consumer electronics start-up Nura, where as Chief Commercial Officer he oversaw the implementation of a new business model to disrupt the headphones industry. His background also includes senior roles as COO at Sportsbet, as well as RELX (formerly Reed Elsevier) and as an economist for the Productivity Commission.
Commenting on his appointment, Luke said, “I’m excited to work for a business that is solving a real problem for an important cohort of Australians – helping Australians be better off in retirement.”
Josh Funder, Household Capital’s CEO, commented, “Luke brings demonstrable experience in scaling new and innovative businesses.”
Chris Bishop has worked with Household Capital as a consultant since 2018 and is responsible for implementing the stringent credit management policy framework within which the business operates. He was recently appointed Chief Credit Officer on a full time basis, and will continue to provide credit policy and procedures development, implementation and management, as well as credit approval authority.
Chris is a qualified lawyer, with specialisation in credit and risk management. He has held a number of senior legal, company secretary and line management roles. He was the first to hold the new role of Head of CBA Retail Bank Compliance, is a previous Director Legal Australian Bankers’ Association and previous Head of Credit for Telstra.
Commenting on his ongoing role Chris said “Delivering ‘Live Well at Home’ solutions for senior Australians is hugely rewarding. Household Capital is leading the way in providing responsible access to long-term home equity retirement funding. We are able to provide high quality credit to retired Australians throughout their retirement and meet a major unmet need.”
Commenting on Chris Bishop’s appointment, Josh Funder said, “With superannuation and investment portfolios decimated, and dividends and term deposits at all-time lows, Australian retirees need help to fund their retirement.”
“We are delighted Chris has agreed to join us on a full time basis. His expertise will help us to continue delivering innovative solutions to provide Australians with flexibility and choice in retirement, and importantly the confidence to Live Well At Home.”
Applications for credit are subject to eligibility and lending criteria. Fees and charges are payable and terms and conditions apply (available on request). Household Capital Pty Limited is a credit representative (512757) of Mortgage Direct Pty Limited ACN 075 721 434. Australian Credit Licence 391876.