Paul Pesavento appointed new CFO of Banjo Loans

Leading non-bank lender Banjo Loans have announced the appointment of Paul Pesavento (pictured) as its new Chief Financial Officer in a major boon for Australia’s leading non-bank lender.

Pesavento boasts more than 30 years’ experience within fintech development, forecasting and data strategy, in a career which has spanned both the big bank and non-bank lender sectors.

With experience at Leda Universal, Moula and NAB Pesavento brings a fresh perspective to the leadership of Australia’s biggest non-bank lender.

Banjo Loans Chief Executive Officer Guy Callaghan said he is enthusiastic about what Paul Pesavento will bring to the business from a financial operations perspective.

“Paul brings a wealth of experience to this role, having held multiple senior leadership roles across a number of extremely well-regarded organisations,” Callaghan said.

“We’re really excited to have Paul join the team and we’re confident he will open up some really exciting markets and expose Banjo to a lot of new opportunities.”

“Through his work across multiple sectors, Paul brings the crucial ability to support small to medium sized enterprises as they navigate the challenges that running a business has to offer.”

As the Banjo Loans CFO, Pesavento will be responsible for undertaking major investment and financing decisions, helping remove roadblocks for small businesses to reach their business goals.

Pesavento said he was excited about the opportunity and is passionate about emerging technologies, Fintech and AI.

“It’s incredibly important for workplaces to embrace new technologies and use them for productivity benefit,” Pesavento said.

“Banjo is the perfect place to harness my previous experience and I’m incredibly excited to work with so many visionary small to medium sized businesses.”

Paul’s appointment comes after the recent departure of Andrew Fitzpatrick, who was CFO for five years and led the business through countless initiatives, including:

• Establishing a securitised warehouse with a major financial institution
• Ongoing parameter control with Banjo debt funders
• Ongoing business financial forecasting and planning scenarios

“Andrew did a fantastic job for Banjo during a high period of growth for the business and while we’re sad to lose him we wish him all the best on his next adventure,” Callaghan added.