ooba appoints new executive director for sales and distribution

Stuart Loxton has been appointed to the position of executive director: sales and distribution at ooba (formerly MortgageSA).

"We are very pleased with Stuart's appointment," says Saul Geffen, chief executive of ooba. "He brings with him a wealth of skills and experience in multi-product distribution and will add value to our sales and distribution strategies across all business within the ooba group."

Stuart has a strong bancassurance background, having performed senior roles within Standard Bank Group for many years. While at Standard Bank, and as director: business support, Stuart played a key role in developing the strategies to drive and support the Banks' group wide physical distribution.

Prior to that, Stuart was the managing director of Standard Bank Financial Consultancy (Stanfin), which provides a key distribution channel for the Standard Bank Group's bank-assurance strategy and continues to account for a large proportion of all of Liberty Life's new business. Under Stuart's leadership Standard Bank Financial Consultancy expanded its consultancy force from 320 to 850 consultants.

"Stuart is highly regarded in the banking and insurance industry for his sales and distribution expertise and leadership. As a director and member of our executive, Stuart will play a key role in continuing to improve our sales disciplines, and enhancing and strengthening our relationships with our stakeholders" concludes Geffen.